The National Law Forum

The Blog of the The National Law Review

Tag Archives: Financial Services Law

China Devalues the Yuan in Biggest Single-Day Markdown in 20 Years

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The People’s Bank of China—the country’s central bank—devalued its notoriously tightly controlled currency (Chinese Renminbi) by 1.9 percent against the U.S. dollar between Monday night and Tuesday morning, Aug. 11, 2015. Such devaluation represents the greatest single-day markdown since 1994, following years of international political rhetoric concerning China’s exchange rate control. Precisely because the Chinese …

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Quicken Loans Takes on the DOJ & HUD

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Quicken Loans, the nation’s largest Federal Housing Administration (FHA)-backed mortgage lender,filed suit on Friday, April 17 in the United States District Court in Detroit against the United States Department of Justice (DOJ) and the Department of Housing and Urban Development (HUD). In the suit, Quicken alleged that it is a target of a probe in …

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U.S. Developers Flock to Tel Aviv Financial Markets

The Tel Aviv Stock Exchange has turned into a destination for large and medium sized U.S. real estate developers to access Israeli capital. Israeli institutions are hungry for the diversification opportunities and relatively higher interest rates offered by American developers of good reputation. For the developers, Israel presents a good rate arbitrage opportunity, as the …

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Regulators Release Guidance on Private Student Loans With Graduated Repayment Terms at Origination

On January 29, the federal financial regulatory agencies, in partnership with the State Liaison Committee of the Federal Financial Institutions Examination Council, issued guidance for financial institutions on private student loans with graduated repayment terms at origination. This guidance provides principles that financial institutions should consider in their policies and procedures for originating private student …

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Investment Management Legal and Regulatory Update – October 2013

SEC Issues Guidance Update for Investment Companies that Invest in Commodity Interests and Announces New Risk and Examinations Office The staff of the Division of Investment Management has issued a Guidance Update that summarizes the views of the Division regarding disclosure and compliance matters relevant to funds that invest in commodity interests. The staff also …

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