News

Aldrich & Bonnefin, PLC continually analyzes and digests current developments in the financial services industry, as well as new laws and regulations in our efforts to keep our clients fully informed.

Banking Operations & FinTech Update – March 2019

ADA WEBSITE LAWSUITS REMAIN A HOT TOPIC

Recent industry reports indicate that litigation alleging Americans with Disabilities Act (ADA) website violations will increase during 2019. Banks and credit unions may continue to be vulnerable.

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Consumer Lending Update – February 2019

DECEPTIVE DISCLOSURES PERMANENTLY BAR LENDER FROM FUTURE CONSUMER LENDING

Last year, the Ninth Circuit affirmed a district court judgment holding that an online payday lender violated Section 5 of the Federal Trade Commission Act (FTC Act). FTC v. AMG Capital Mgmt., LLC, 910 F.3d 417 (9th Cir. 2018). FTC Act Section 5 prohibits unfair or deceptive acts or practices in or affecting commerce.

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Commercial Lending Update – February 2019

UNLAWFUL DETAINER STATUTES MUST BE STRICTLY FOLLOWED AFTER NONJUDICIAL FORECLOSURE

In December 2018, the California Supreme Court reversed an appellate court decision over when a hold-over tenant, in possession of a property sold in a nonjudicial foreclosure, may be served with a notice to quit.

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