Official Commentary News Today

In May 2022, the CFPB issued Circular 2022-3 addressing Equal Credit Opportunity Act (ECOA) adverse action notice requirements in connection with credit decisions based on algorithms....

As recently discussed on our podcast here, section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)…

As recently discussed on our podcast here, section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) amended the Equal Credit Opportunity...

The Remittance Transfer Rule (“Remittance Rule”), Subpart B of Regulation E, 12 C.F.R. §§ 1005.30 to 1005.36, requires transfer providers to provide prepayment disclosures to consumers...

On 16 March 2022, the High Court of Australia (the most senior court in Australia) handed down its judgment with respect to Virgin Australia's administrators'  obligation to "give possession" of an aircraft object, subject to a registered international interest, to a creditor of Virgin Australi...

An op-ed by Eric Lewin, Founder of The Law Offices of Eric Lewin Does the Cape Town Convention (CTC) shield Aviareto Limited (Aviareto) from liability for its failure to comply with economic sanctions and export controls? This question is important: Aviareto has a monopoly over a territory comprised of 83 countries and 1 Regional … Continue reading "Sanctions: “What, me worry?”"

Manx Radio will no longer be producing the TT Radio commentary as the Department for Enterprise has taken the production of Radio TT ‘in-house’. ...

In its recent decision in AirAsia X Berhad v BOC Aviation Limited (Originating Summons WA-24NCC-467-10/2020), the high court held that a scheme of arrangement under Section 366 of the Companies Act 2016 is an insolvency-related event for the purposes of the Convention on International Interests in Mobile Equipment (the Cape Town Convention) and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment (Aircraft Protocol). The Cape T...

meaningful attorney involvement and debt sale restrictions.  Parts I and II were both adopted pursuant to the Bureau’s authority under the Fair Debt Collection Practices Act and not its UDAAP authority under the Dodd-Frank Act, and are effective November 30, 2021. Part II of the final rule has three primary components, dealing with (1) the collection of time-barred debt, (2) passive debt collection, and (3) validation notices. Time-Barred Debt Part II includes prohibitions against taking or ...

Monday, December 21, 2020 The United Kingdom’s Corporate Insolvency and Governance Act 2020 (CIGA) shifted the focus of the United Kingdom’s insolvency regime from administration and liquidation to rescue and recovery and introduced a number of interesting new features that apply to companies experiencing financial difficulties. This article considers how certain of these features fit into the insolvency regime of the Cape Town Convention.1 Of primary interest, CIGA permits a comp...