What’s News
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Legal Fees: Are Your Legal Fees Deductible?
Generally, legal fees may be currently deductible as ordinary and necessary business expenses. Examples of legal actions in which fees are currently deductible include: Continue reading →
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REO Sales for Rental to Hit the Market in Full Force
On February 1, 2012, President Obama, as part of an overall plan to assist homeowners and help the housing market, announced a pilot plan for the U.S. Federal Housing Finance Agency (the “FHFA”) to sell REO currently held by Fannie Mae for transition into rental housing as a way to help stabilize neighborhoods and improve home prices. Continue reading →
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Commercial Real Estate Workouts – 2012
Many commercial real estate investors have been considering a return to the market. The following is a discussion of the issues that will affect the price of commercial real estate. Continue reading →
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Annual Minutes Required
If we are representing your corporation/limited liability company (or we have set up this entity for you), we will now require that you return our annual checklist so that we can prepare legally sufficient Minutes for your records. In this … Continue reading →
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California Capital Access Program
The California Capital Access Program (“CalCAP”) is a lending program with the objective of encouraging banks and other financial institutions to make loans to small businesses. With CalCAP portfolio insurance, a lender is able to cover portions of loans that exceed the risk threshold normally allowed for business loans. Continue reading →
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Legal Fees: Are Your Legal Fees Deductible?
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Category Archives: Blog
Will the Securitization Indenture Documents be Upheld Post Default?
In the case In re Zais Investment Grade Ltd., a senior noteholder of a collateralized debt obligation placed the CDO issuer in an involuntary chapter 11 bankruptcy in order to advance an asset management plan that would otherwise require supermajority approval of all noteholders under the related indenture. Continue reading
Intermediaries in Securities Transactions Changes Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Dodd-Frank Wall Street Reform and Consumer Protection Act will change the liability exposure of intermediaries in the sale of securities. Continue reading
Link to Buy-Sell Agreement Seminar
To my clients and colleagues: We wanted to give you the link to my upcoming presentation in case you and a member of your firm or company would like to register. Here is a link to the seminar webpage: … Continue reading
National Business Institutes Seminar on Buy-Sell Agreements
We have started to circulate a newsletter and I will be giving a National Business Institutes Seminar on “Buy-Sell Agreements”, on November 19, 2011. Let us know if you would like a copy of our newsletter or the handout materials … Continue reading
Payment Processors – Compliance For Financial Institutions
Federal agencies are beginning to review banks’ relationships with third-party payment processors. Regulators have scrutinized certain payment processors because the processor/merchant relationships make it difficult for consumers to identify the merchant because the bank statement shows the payment processor’s name and not the merchant’s name. Continue reading
Electronic Payments Made Through Gift Cards, Debit and Prepaid Cards
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (“CARD Act”) prohibits unfair credit card rate increases, bans certain fees, requires plain language disclosures, and creates additional protections for students. The law also addresses concerns about fees and expiration dates related to gift cards. Continue reading
Privacy Rights and Consumer Credit Card Transactions in California
California Supreme Court ruled that a customer’s ZIP code constitutes “personal identification information” and that requesting and recording the customer’s ZIP code during the course of certain credit card transactions is a violation of California Civil Code §1747.08. Continue reading
What’s New with Ms. Alexson
Ms. Alexson recently served on an American Bar Association Banking Section Committee which advised certain federal government agencies on policies regarding the use of electronic signatures under the federal ESign Act. Continue reading
Mobile Apps – FTC Consent Decree
The Federal Trade Commission(“FTC”) settled with a mobile app developer and owner over charges that the parties violated the Children’s Online Privacy Protection Act (“COPPA”) by collecting information from children under the age of 13 without prior parental consent. Continue reading
Keep Your Home California
There is a new $2 billion federally funded effort called Keep Your Home California, focused on helping homeowners avoid foreclosure. Continue reading