borrowers

Corporate & Securities team

Have you paused to consider whether your borrowers are establishing their entities exactly as necessary in the context of the law? If not, seize the opportunity to do so and you will ensure the borrower entity has the proper individuals signing on its behalf at the closing. Alternatively, if you were to bypass your due …

Are Your Borrowers Setting up Their Entities Correctly? Read More »

The Consumer Financial Protection Bureau (“CFPB”) is finally prepared to begin writing regulations implementing Section 1071 of the Dodd-Frank Act, which could usher in a new regulatory chapter for small business lenders and result in significant new reporting requirements, fair lending examinations and possible enforcement actions. To read a more in-depth summary of these proposed …

Section 1071 of the Dodd-Frank Act: A New Regulatory Chapter for Lenders Read More »

Litigation

Due to the United States’ increasingly diverse population, offering loan services and products to borrowers with limited English proficiency (LEP) is a huge business opportunity for lenders. More than one-fifth of U.S. residents spoke a non-English language at home in 2018, according to an analysis of Census Bureau data by the Center for Immigration Studies. …

Improving Access for Limited English Proficiency Borrowers Read More »