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Blockchain Technology Will Not Disrupt Financial Services Anytime Soon

September 24, 2018

Authors

Jim Goldberg

Blockchain Technology Will Not Disrupt Financial Services Anytime Soon

September 24, 2018

by: Jim Goldberg

Twenty venture capitalists gathered in Silicon Valley last week to discuss the impact of blockchain technology, including digital currency, on financial services and venture capital. The 20 VCs represent an equal number of funds, which invest–or are looking for investment opportunities–all over the world, including the third world. They represented a diverse group of perspectives, with some having regulatory experience, some having experience with conventional payment mechanisms and some with innovative mechanisms such as PayPal. Even their disagreements were instructive of the uncertain future of blockchain technology and its various potential applications.

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Modifications on My Mind: When “Will” Means “Must” and a Conventional Hand Signature is Not Required

August 30, 2018

Authors

Bank Bryan Cave

Modifications on My Mind: When “Will” Means “Must” and a Conventional Hand Signature is Not Required

August 30, 2018

by: Bank Bryan Cave

The Sixth Circuit has issued another opinion regarding loan modifications, following its opinion two weeks ago in Segrist v. Bank of New York Mellon (2018 WL 3773785, August 9, 2018), on which I earlier wrote.

Now, in Pittman v. Experian Information Solutions, Inc. — F.3d —- 2018 WL 4016604, August 23, 2018), the Sixth joins the First, Seventh, Ninth, and Tenth Circuits, in

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Lender’s “Boilerplate” Disavowal Dooms Rescission of a Common Loan Modification Agreement

August 23, 2018

Authors

Jim Goldberg

Lender’s “Boilerplate” Disavowal Dooms Rescission of a Common Loan Modification Agreement

August 23, 2018

by: Jim Goldberg

In a case with potentially broad implications, the Sixth Circuit becomes the first federal circuit court to hold that the Truth in Lending Act provides no right to rescind a loan modification agreement entered into with a successor creditor. TILA exempts from rescission “refinancing” transactions with “the same creditor secured by an interest in the same property” but not “refinancing” with a different creditor.

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Fair Debt Collection – In Writing, and We Mean It

August 8, 2018

Authors

Jim Goldberg

Fair Debt Collection – In Writing, and We Mean It

August 8, 2018

by: Jim Goldberg

The Sixth Circuit Court of Appeals continues to contribute to the case law defining which violations of procedural statutes constitute an injury-in-fact under Spokeo, Inc. v. Robins, ––– U.S. ––––, 136 S.Ct. 1540, 1547, 194 L.Ed.2d 635 (2016).

In Macy v GC Services Limited Partnership, it holds that Plaintiffs alleged sufficient concrete harm to satisfy the injury-in-fact requirement for standing where the defendant

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