Remove 2016 10
article thumbnail

District Court Rejects the Narrowing of § 546(e) “Safe Harbor” Provision and Applies Safe Harbor to Privately Held Securities

ABI

4] In 2016, BWGS Intermediate Holding, (“Intermediate Holding”) an affiliate of Sun Capital Partners, VI, L.P. (“Sun 5] In order to fund a portion of the stock purchase, BMO Harris Bank, N.A. (“BMO”) provided a bridge loan (“the Bridge Loan”) to Intermediate Holding. [6] million to BMO (“the Transfer”). [9]

article thumbnail

Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. By 2016, GameStop had owned and operated approximately 1,500 mobile-phone stores under the Spring Mobile name, and in 2018, had sold the whole mobile-phone business. Well, A Trading Euphoria Caused By ….

Trade 134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FTC Report Highlights Disproportionate Impact of Consumer Fraud on Minority Communities

Troutman Sanders

The Federal Trade Commission (FTC) recently released a “Serving Communities of Color” report that details fraud and consumer issues that have a disproportionately negative impact on communities of color. Some of the most relevant insights from the 2021 report data include: Within Majority Latino Communities. Within Majority Black Communities.

article thumbnail

What Is Identity Theft?

Credit Corp

According to the Federal Trade Commission (FTC), there were more than 650,000 victims of identity theft in 2019, making ID theft the most-reported type of FTC complaint. That was the case for at least 1 in 10 Americans ages 16 and older in 2016, according to the most recent data from the Bureau of Justice Statistics.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Court of Appeals for the Fourth Circuit held that the Military Lending Act (MLA) does not govern loans borrowed in part to finance the purchase of a car, even when the loan covers additional related costs. On April 10, President Joe Biden signed HJR7 into law, declaring the end of the COVID-19 emergency installed on March 13, 2020.

article thumbnail

Credit Card Fraud Statistics Everyone Should Know in 2023

Credit Corp

Quick answer box There were over 389,000 reports of credit card fraud to the Federal Trade Commission (FTC) in 2021. Sources: Federal Trade Commission and Nilson In 2021, the Federal Trade Commission (FTC) reported that there were 5.7 Loan or lease fraud 197,914 -3.4% However, this does not influence our evaluations.

Trade 98
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 2, the Consumer Financial Protection Bureau (CFPB) released a blog post, exploring the potential impact of student loan payment reinstatement. The CFPB found that student loan borrowers are increasingly likely to struggle once their monthly student loan payments are reinstated. For more information, click here.