Category Archives: Banking and Finance law

Banking and Finance Law news articles, reiews, notes and blog examples.

State Student Loan Collection Follies: Texas AG Paxton collects grand total of $54.12 by garnishing student loan debtor’s bank account; bank gets $600 for its trouble

HOW THE STATE OF TEXAS SQUEEZES A FEW ROCK-BOTTOM DOLLARS FROM STUDENT LOAN DEBTORS Texas Attorney General Ken Paxton presides over a well-oiled litigation machine optimized to extract money from people who have fallen behind on payments on the state-sponsored student loans funded … Continue reading

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Informed consent to medical procedure

The claim in R B v Smith was based on an alleged failure by a surgeon (who performed a laparoscopic hernia repair on the appellant) to provide the appellant with sufficient information to enable her to give informed consent for the … Continue reading

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CFTC Alleges Florida Forex Venture Offering 12% Guaranteed Returns Was $75 Million Ponzi Scheme

The Commodity Futures Trading Commission recently unsealed an action in Florida federal court accusing five men of operating a Ponzi scheme that raised at least $75 million from at least 650 investors nationwide.  The action, filed in the Middle District … Continue reading

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FDCPA and Suing the Wrong Person: Smith v. Moss Law Firm, P.C. (USDC SD Tex. 2019)

INDIVIDUAL WHO IS DUNNED OR SUED BUT DOES NOT OWE THE DEBT CAN HAVE STANDING TO BRING  UNFAIR COLLECTION CLAIM UNDER FAIR DEBT COLLECTION STATUTES Motion to dismiss in FDCPA action brought by non-debtor against prominent Texas debt collection attorney Michael … Continue reading

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SEC Charges Adviser and its COO with Fraud for Orchestrating Sham Cross Trade between Clients

A recent pair of SEC enforcement Orders against registered investment adviser Talimco, LLC and its Chief Operating Officer Grant Rogers highlight the need for advisers to be ever-mindful of their fiduciary duties to both clients when effecting cross trades between … Continue reading

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