As discussed in a previous blog (3 May 2017), consumers seeking compensation in relation to any new payment protection insurance (“PPI“) complaint will now have until 29 August 2019 to complain to the Financial Ombudsman Service about any alleged mis-selling by … [Read more...] about New PPI Complaint Deadline: Beginning of End or the End of Beginning?
Now the end begins
Many bank holding companies (BHCs) are beginning to face tough choices as the five-year interest deferral period on their trust preferred securities (TruPS) is coming to an end. Consider the following: on Feb. 10, 2014, First Mariner Bancorp, immediately following the end of its … [Read more...] about Trust Preferred Securities: Planning for the End of the 5-Year Interest Deferral Period
A unit of Deutsche Bank won dismissal of a suit brought by mortgage bond investors after a New York state appeals court determined the claims for loan repurchase and indemnity were subject to a six-year statute of limitations that began to run when the deal to purchase the loans … [Read more...] about The End Is In Sight? Deutsche Bank Claims Victory In Defense Of A Repurchase Claim Based Upon Statute Of Limitations
On June 26, 2013, the U.S. Supreme Court in U.S. v. Windsor held unconstitutional the 1996 Defense of Marriage Act (DOMA) provision that only persons of the opposite sex could be recognized as “spouses” and “married” for purposes of federal law … [Read more...] about The End of Defense of Marriage Act (DOMA): What it Means for Employee Benefits
Tribes can benefit from valuable thirty percent investment tax credits available for their renewable energy projects. However, to receive benefits from tax credits associated with many renewable technologies, tribes need to take key steps now. Specifically, tribes need to take … [Read more...] about Low Cost Strategies for Meeting the End of the Year “Begin Construction” Requirement for the 30% Investment Tax Credit