Marc A. Hebert’s Money Sense: Home buyers need to understand terms of any mortgage clauses
There are many different types of clauses and these are subject to state and federal law. Foreclosure News
Enforcing Prepayment Premium Clauses
In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss how the prepayment of a loan in commercial real estate transactions may result in unanticipated economic consequences and write: Counsel representing lenders must take care when drafting provisions designed to protect their clients against the risks associated with prepayments by borrowers. For the […]
In bid to protect online reviews, Congress OKs bill banning consumer gag clauses in form contracts
ABA Journal Daily News
Illinois attorney general sues Jimmy John’s over noncompete clauses for low-wage workers
Illinois Attorney General Lisa Madigan claims in a lawsuit that Jimmy John’s sandwich restaurants are violating state law by requiring low-wage workers to sign restrictive… ABA Journal Daily News
Will Consumer Financial Protection Bureau will adopt rules to rein in mandatory arbitration clauses?
It seems likely that the Consumer Financial Protection Bureau will develop a rule to end the use of mandatory arbitration clauses by financial services companies… ABA Journal Daily News
Debt buyers use courts to collect debt, then cite arbitration clauses to deflect legal challenges
Debt collectors who buy up debt and sue to recover the money are deflecting class action suits challenging their practices with arbitration agreements purportedly signed… ABA Journal Daily News