The United States Court of Appeals for the Fifth Circuit recently analyzed the Texas Debt Collection Act ("TDCA") and reached a conclusion relating to claims under the TDCA that is significant for lenders and mortgage servicers. The court ruled that […]
More than half of all banking customers conduct their banking on their smartphone because it is quick, easy and convenient. And it’s no wonder why this number is so great: smartphones are increasingly being integrated into the lives of many Americans […]
The Consumer Financial Protection Bureau ("CFPB") has a new complaints database. In accordance with its Financial Policy Statement issued on March 19, 2015, the CFPB has started publishing consumer complaint narratives. There are currently over 8 […]
On Tuesday, the U.S. Department of Labor released its proposed rule to change overtime regulations. The focus of the proposed change is to increase the minimum salary threshold under the "white collar" exemptions from $23,660 to $50,440 per year. […]
The Bankruptcy Code allows bankruptcy trustees, debtors in possession, and official committees to hire attorneys, accountants, and other professionals to assist them in carrying out their statutory duties, with their fees to be paid by the bankruptcy […]
In June of 2015, Governor Greg Abbott signed Senate Bill 735 and House Bill 1692 into law. Both bills impact personal injury and wrongful death litigation in Texas. Senate Bill 735 limits discovery of a defendant’s net worth in connection with […]
At the end of January, federal regulators strongly encouraged small community banks across the country to take measures to bolster their cybersecurity, and specifically asked that community banks take care to monitor the activities of vendors that handle […]
There is no doubt that you have at least heard about someone becoming the victim of identity theft; but did you know that your business can also become the victim of identity theft? Business identity theft, which is also sometime referred to as commercial […]
It is completely understandable to feel a sense of anxiety when you hear the words “cybersecurity breach” and “bank” in the same sentence. What reasonable person wouldn’t be concerned? You put your hard earned money into […]
On June 19, 2015, in Texas v. Naylor, et al., Case No. 11-0114, the Texas Supreme Court ruled that the State of Texas could not intervene to prevent the divorce of a same-sex couple legally married in Massachusetts. However, the ruling was decided on […]
When investors hand over their hard-earned money for investment services to either a registered investment company or a financial advisor, they expect that their investment will remain safe from cyber thieves. With the number of cyberattacks on financial […]
Digital wallets have become a trend in mobile payment platforms. They are hugely popular, convenient, localized, and completely digital. Consumers seem excited to have these new digital wallets available and have rapidly adopted them. Businesses have […]