On August 4, 2016, the Consumer Financial Protection Bureau (CFPB) issued updated servicing rules to expand foreclosure protections for homeowners and struggling borrowers. The new measures include expanding consumer protections to surviving family members, clarifying borrower protections in servicing transfers, providing periodic statements to borrowers in bankruptcy, and requiring servicers to provide certain foreclosure protections more than once over the life of the loan, among other protections.
USA, Banking, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Bankruptcy, Debtor, Federal Register, Foreclosure, Consumer Financial Protection Bureau (USA)
In 2014, the International Swaps and Derivatives Association, Inc. (“ISDA”), published the 2014 ISDA Credit Derivatives Definitions (the “Definitions”), which updated the 2003 ISDA Credit Derivatives Definitions.[1]
Portugal, Banking, Derivatives, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, Swap (finance), Credit default swap, International Swaps and Derivatives Association