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Delaware Sues Debt Settlement "Law Firm" Centerdon Group


California based Centerdon Group bills itself as a “multi-jurisdictional law firm providing an attorney-based solution to get you debt free.” – Source
The State of Delaware, which never makes much of an appearance in debt relief cases, has filed a lawsuit against the company.
The administrative lawsuit against Centerdon Group, Inc. n/k/a Hilvanim Group, Inc., a California corporation, for violating the Delaware Uniform Debt-Management Services Act, the Delaware Consumer Fraud Act and the Delaware Deceptive Trade Practices Act.
A press release from the States says, “The suit alleges that Centerdon used misleading advertising directed to Delaware residents and then arranged for a Delaware notary to travel to the victims’ homes and present its debt settlement contracts as a “representative” of Centerdon. The agreements repeatedly referred to Centerdon as a “Law Firm” and were styled as “Legal Services Agreement” despite the fact that Centerdon employ ....

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SEC Issues No-Action Relief On Registered Funds' Custody Of Loan Interests | Goodwin


REGULATORY DEVELOPMENTS
On February 4, the SEC published a request for public comment regarding potential reform measures for money market funds, as highlighted in a recent report of the President’s Working Group on Financial Markets (PWG). The PWG report discussed the results of the PWG’s study on the effect of the COVID-19 pandemic on the short-term funding markets and, in particular, on money market funds, including the general stress experienced by prime and tax-exempt money market funds. The report concluded that the events of March 2020 show that more work is needed to reduce the risk that structural vulnerabilities in prime and tax-exempt money market funds will exacerbate or lead to stresses in short-term funding markets. The potential reform measures as outlined in the PWG report seek to: (i) address money market funds’ structural vulnerabilities that can contribute to stress in short-term funding markets; (ii) improve the resilience of money market funds and br ....

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