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Entries tagged “Banking And Financial Services”

Chicago Bar Association Committee Meeting

Apr 10, 2019 12:15PM - 1:30PM CDT

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Financial Institutions Committee Chair: John R. Mussman   Meeting Date and Time: Wednesday, April 10, 2019 12:15 p.m. to 1:30 p.m.   Topics: A SPRING SMORGASBORD The Bank Holding Company Act: What constitutes “control”? Federal Reserve Applications – How to Make the Process Go More Smoothly. Bank

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OCC to Accept Special Purpose National Bank Charter Applications for Fintech Companies

Insight John R. Mussman John R. Mussman · September 05, 2018
In this article, Rimon Partner, John Mussman, reviews the July 31 Comptroller of the Currency announcement that it would begin accepting special purpose national bank charters for fintech companies.  The special purpose charter will offer a fintech company that engages in electronic banking or lending activities a national platform

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Rimon’s John Mussman Appointed Chair of the Chicago Bar Association Financial Institutions Committee

News June 13, 2018
Banking and Financial Services Partner, John Mussman, was appointed 2018-19 Chair of the Chicago Bar Association Financial Institutions Committee. Mr. Mussman represents banks, mortgage lenders, and other financial services providers, focusing on banking and commercial and consumer credit law. He also represents bank affiliates and non-bank

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Rimon Law Welcomes Financial Services Attorney John J. Hanley to Their New York Office

News June 01, 2018
John J. Hanley joins Rimon's Financial Services team as Partner. His practice will be based out of the firm’s New York office. Mr. Hanley was previously a shareholder at Buchanan Ingersoll & Rooney. Mr. Hanley focuses his practice on first and second lien financings; private placements of debt and equity securities; and

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Ten Questions:  Case Studies for Professional Responsibility

Insight John R. Mussman John R. Mussman · April 26, 2018
On April 25, 2018, John Mussman provided a Professional Responsibility Continuing Legal Education Seminar to The Chicago Bar Association, Financial Institutions Committee.  With his former partner David Mann, Holland & Knight, Mr. Mussman presented 10 Case Studies elucidating issues that banking and other business lawyers may confront

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D.C. Court of Appeals Upholds Constitutionality of CFPB Single-Director Structure

Insight John R. Mussman John R. Mussman · February 01, 2018
On January 31st, the D.C. Circuit ruled that the leadership structure for the Consumer Financial Protection Bureau established under the Dodd-Frank Act is consistent with the U.S. Constitution.  That the CFPB is headed by a single individual with a five-year term and can be fired only for cause does not impinge on the President’s

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CFPB Director Cordray Announces Resignation

Insight John R. Mussman John R. Mussman · November 15, 2017
Consumer Financial Protection Bureau Director Richard Cordray has announced his resignation.  Although not unexpected, his move may have far-reaching ramifications on the regulatory landscape in consumer finance and residential lending. You can read more here. John Mussman is a leading banking and financial services

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Consumer Financial Protection Bureau Arbitration Rule Overturned by Senate Action

Insight John R. Mussman John R. Mussman · November 01, 2017
Rimon Partner John Mussman discusses the Senate’s vote to scuttle the Consumer Financial Protection Bureau’s arbitration rule. The arbitration rule restricted financial service companies from forcing customers into arbitration, made it easier for customers to sue banks and financial firms and arguably would have encouraged class

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New California Finance Lender Licensing and Residential Mortgage Lending Act Regulations Effective September 28, 2016: Financial Institution Subsidiaries and Affiliates Now Subject to Licensure!

Insight John R. Mussman John R. Mussman · Q. Scott Kaye Q. Scott Kaye · September 07, 2016
The California Finance Lenders Law exempts banks, thrifts and certain other financial institutions from its licensing requirements imposed on finance lenders and brokers.1 Similarly, the California Residential Mortgage Lending Act exempts banks, trust companies, savings and loan associations and other thrifts2 from its licensing requirements.3

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Interplay Between Russian Bankruptcy and American Fraudulent Transfer Law

Insight June 30, 2016
This article was published in the Russia and Eurasia Committee - Legislation Updates and News on the January-June 2016 edition. Ms. Egan describes two major differences between Russian bankruptcy and American bankruptcy: (1) the initial treatment of creditors’ claims and the burden of proof to establish them; and (2) the ability

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