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Consumer Finance Litigation Blog

Ctrl Alt Delete: CFPB says Mortgage Servicers Need Technological Reboot
by: Ashley M. Elmore Drew | Posted on: June 29, 2016

The Consumer Financial Protection Bureau (CFPB) released a special edition of its supervision report, honing in on mortgage servicers on June 22nd[1]. It blamed outdated technology and process breakdown for trends it has seen with violations of the CFPB’s 2014 servicing rules. The primary areas of concern are communications and data related to loan modifications […]

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Securities Litigation

Can There Be Too Much Disclosure?
by: Daniel Dietrich | Posted on: June 27, 2016

In an effort to provide transparency, the Dodd-Frank Act has previously formed an Investor Advisory Committee to assist the SEC on various issues including regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests and to promote investor confidence and the integrity of […]

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Tennessee Business Litigation Blog

Tennessee Senators Attempt to Block New Overtime Rules
by: John Nefflen | Posted on: June 30, 2016

By now you have heard that the federal overtime laws affecting common white collar exemptions, including those applicable to executive, administrative, and professional employees, will change significantly. As a result, millions of employees who were previously ineligible for overtime will be eligible when the new regulations take effect on December 1, 2016. The new overtime […]

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Telephone Consumer Protection Act

FCC Consumer Advisory Committee Recommends Final Rule Pursuant to Bipartisan Budget Act of 2015 With Consumer Protections
by: Joshua Threadcraft | Posted on: June 15, 2016

On June 10, 2016, the FCC Consumer Advisory Committee recommended promulgation of a Final Rule pursuant to the Bipartisan Budget Act of 2015, containing the following consumer protections: Calls pursuant to the exception would only be permitted to be made to the debtors themselves, not to family, friends or others, including employers; The rule would [...]

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Environmental Law Matters

Air Emissions Regulated Under RCRA?
by: Ron Farley | Posted on: June 8, 2016

Certain regulated entities that operate under Clean Air Act permits are being reminded that those permits do not necessarily cover air emissions associated with the management of hazardous wastes regulated by the federal Resource Conservation and Recovery Act (RCRA) and various State counterpart statutes. RCRA regulations governing hazardous waste management include certain requirements intended to prevent […]

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Noncompete Trade Secrets Law

Supreme Court Relaxes Standard For Awarding Enhanced Damages In Patent Infringement Cases
by: Ryan Corbett | Posted on: June 14, 2016

After several years of handing down perceived anti-patent rulings, yesterday in Halo Elecs. v. Pulse Elecs., the Supreme Court gave patent owners an extra weapon against infringers by making it easier to recover enhanced damages. Section 284 of the Patent Act states that courts “may increase the damages up to three times the amount found […]

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Best Practices Construction Law

LOL! OMG. HUH? Court Finds That Text Message Can Form Binding Contract
by: Matthew DeVries | Posted on: June 24, 2016

In the world of Twitter, Facebook and LinkedIn, it is no secret that individuals are communicating regularly on their smartphones about their business affairs. Recently, a court addressed the question about whether a text message can constitute a writing sufficient under the Statute of Frauds to create an enforceable contract. In St. John’s Holdings, LLC… Continue Reading

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