News

FTC resuscitates long-abandoned price discrimination law in alcohol distributor suit

By EsqSocial Corporation 24/12/24

In the waning days of the current administration, the antitrust agencies continue to cross items off their holiday wish list.

Banks Win Temporary Reprieve from Novel Illinois Swipe-Fee Law

By EsqSocial Corporation 24/12/24

On December 20, 2024, an Illinois federal court, in considering a motion for a preliminary injunction brought by the Illinois Bankers Association, American Bankers Association, and other trade groups, ruled that national banks and federal savings associations will not be subject to Illinois’ grou

European Securities and Markets Authority publishes Q&As on application of guidelines on funds' names using environmental, social, and governance or sustainability-related terms

By EsqSocial Corporation 24/12/24

The European Securities and Markets Authority has published three sets of Q&As to provide further detail on the guidelines on funds which use ESG or sustainability-related terms in their names.

CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices

By EsqSocial Corporation 24/12/24

On December 18, 2024, the Consumer Financial Protection Bureau (the “CFPB”) issued a circular to other law enforcement agencies warning that some credit card companies operating rewards programs may be breaking the law, and urging them to take action.

Southern District Of New York Dismisses Exchange Act Claims Against Specialty Insurance Underwriter For Failure To Plausibly Allege Falsity Or Scienter

By EsqSocial Corporation 24/12/24

On December 12, 2024, Judge Lewis A.

CFPB Report Highlights Widespread Violations in Student Loan Sector

By EsqSocial Corporation 24/12/24

On December 16, the CFPB released a special edition of its Supervisory Highlights, which detailed findings from the Bureau’s recent examinations of student loan markets. The report identifies a range of violations related to student loan refinancing, private lending and servicing, debt collection

Northern District Of California Certifies Securities Class Action Based On Damages Model That Accounted For Varied Price Impact That Correlated With Plaintiffs’ Leakage Theory

By EsqSocial Corporation 24/12/24

On December 17, 2024, Judge Vince Chhabria of the United States District Court for the Northern District of California granted a renewed motion for class certification in a securities action against a majority shareholder of a biotechnology company (the “Company”) under Sections 10(b) and 20(a) o

New CFPB Rule Applies Mortgage Standards to Residential PACE Financing

By EsqSocial Corporation 24/12/24

On December 17, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule applying standard mortgage protections to Residential Property Assessed Clean Energy (PACE) loans.

SEC Files Complaint Alleging Hedge Fund Manager Failed To Maintain And Enforce Adequate MNPI Policies And Procedures To Separate Public And Private Side Employees

By EsqSocial Corporation 24/12/24

On December 12, 2024, the Securities and Exchange Commission (“SEC”) filed a litigated complaint (the “Complaint”) in United States District Court for the District of Connecticut against a hedge fund manager (the “Firm”) registered with the SEC as an investment adviser alleging that the Firm viol

CFPB Bites of the Month - November 2024 - CFPB Take Me Home, Country Roads

By EsqSocial Corporation 24/12/24

In this month's article, we share some of our top "bites" for the prior and current month covered during the November 2024 webinar....
By: Hudson Cook, LLP

Pages