On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which provides $2 trillion in economic stimulus for industries and individuals faced with challenges from the COVID-19 coronavirus.
USA, Company & Commercial, Insolvency & Restructuring, Morrison & Foerster LLP, Donald Trump, Coronavirus, Title 11 of the US Code, CARES Act 2020 (USA)
We don’t know about you, but we’ve been following the contentious litigation between the Consumer Financial Protection Bureau (CFPB) and debt-relief services company Morgan Drexen pretty closely. The CFPB filed its lawsuit in August 2013, alleging, among other things, that the company deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to “sham” bankruptcy services.
USA, Banking, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Consumer Financial Protection Bureau (USA)