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Can Banks be Liable for Processing or Underwriting a Loan that a Borrower Cannot Afford?

Jimerson Firm

8:10-CV-338-T-33TGW, 2011 WL 6719215, at *11 (M.D. 5, 2011) (holding “Florida courts have rejected the contention that banks owe a legal duty to prospective borrowers to process, and consider, loan applications with reasonable care”); Silver , 760 F. 8:10–cv338, 2011 WL 6719215, at *10–11 (M.D. See Silver v.

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Supreme Court to Decide Commencement of APA Statute of Limitations Period in Debit Card Fee Challenge

Troutman Sanders

Board of Governors of the Federal Reserve System (Board), a case where Corner Post challenges a 2011 Board rule that governs certain fees for debit-card transactions. In 2011, the Board set the interchange-fee cap at 21 cents per transaction. Supreme Court has granted the petition for certiorari in Corner Post, Inc.

Banks 52
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Second Circuit Reaffirms that Debtor Can Obtain Refund for Non-Uniform Bankruptcy Fees

PBWT

In 2011, it filed for bankruptcy in the District of Connecticut, a U.S. On November 10, the Second Circuit issued an amended opinion in Clinton Nurseries in light of Siegel. Before the Supreme Court decided Siegel , however, the Second Circuit addressed this question in a similar case. LEXIS 32677 (2d Cir.

Debtor 65
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Personal loan statistics to know for 2023

Credit Corp

We’ve gathered 10 personal loan statistics that include the most common reasons people take out personal loans, delinquency rates and which states have the highest personal loan debt to help you make better financial decisions if you’re accumulating too much debt. 10 Car repair 1.1% 10 Car repair 1.1% 4 Home improvements 6.2%

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Business Asset Disposal Relief: Our Guide

Hudson Weir

Capital gains disposals qualify for Business Asset Disposal Relief within the below parameters: Disposals on or after: Lifetime limit: April 2008 – April 2010 £1 million April 2010 – June 2010 £2 million June 2010 – April 2011 £5 million April 2011 – March 2020 £10 million March 2020 onwards £1 million.

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What Are “Actual Damages” Under the FCCPA and the FDCPA?

Jimerson Firm

6:010-CV-226-ORL-31, 2011 WL 1560647, at *10 (M.D. 5, 2011) report and recommendation adopted, No. 6:10-CV-226-ORL-31, 2011 WL 1557853 (M.D. Credit Solutions Corp. ,

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Mortgage rates rise as debt ceiling standoff drags on

Collection Industry News

Mortgage rates topped 5% for the first time since 2011 a little more than a year ago and have remained over 5% for all but one week during the past year. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” said Sam Khater, Freddie Mac’s chief economist.

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