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Judge rules retirement accounts of former BigLaw lawyer can be tapped for $10.4M restitution order


Judge rules retirement accounts of former BigLaw lawyer can be tapped for $10.4M restitution order
 
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A federal judge in New York City has ruled against a former income partner with Katten Muchin Rosenman in the federal government’s bid to garnish his retirement accounts to help pay a $10.4 million restitution order.
U.S. District Judge Kiyo Matsumoto of the Eastern District of New York ruled Friday that Evan Greebel couldn’t prevent the government’s garnishment following the lawyer’s conviction for conspiracy to commit wire and securities fraud in connection with his representation of jailed drug company CEO Martin Shkreli. ....

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Maine senator calls for crackdown on 'snake oil and fine print' payday loans


Maine senator calls for crackdown on ‘snake oil and fine print’ payday loans
State Sen. Rick Bennett of Oxford calls for limits on how much lenders can charge for short-term loans to hard-pressed Mainers.
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The effective U.S. payday loan interest rates, by state, for a $300 loan. In Maine, it’s 217%, the second highest in New England.
Center for Responsible Lending
Desperate for cash and unable to access traditional lenders for all sorts of reasons, some Mainers turn to financial outfits that give out payday loans with terms that are sometimes impossible to pay back.
In a bid to offer better protection, state Sen. Rick Bennett, R-Oxford, told a legislative committee this week that too many Mainers are “misinformed, bilked, conned and abused by unscrupulous predator lenders, often when they are in dire personal circumstances as well and most vulnerable to snake oil and fine print.” ....

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HB 2827 Would Force Banks To Do Business With Gun Manufacturers, Retailers


The National Rifle Association and its allies in the firearms industry want Arizona lawmakers to force banks to do business with them.
In testimony to the House Judiciary Committee, lobbyists for both groups told lawmakers that some manufacturers are having problems getting loans from financial institutions. There also were complaints about retailers having access to point-of-sale terminals to process credit card transactions.
Michael Findlay who represents the National Shooting Sports Foundation, said this is more than a business dispute. He argued that anything that hampers production and sale of weapons has the potential of infringing on the Second Amendment rights of Arizonans to bear arms. ....

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