Chicago Bar Association Committee Meeting

Financial Institutions Committee Chair: John R. Mussman Meeting Date and Time: Wednesday, June 12, 2019 12:15 p.m. to 1:30 p.m. Topics: Regulatory Redux: The Community Reinvestment Act and the Fair Debt Collection Practices Act Speakers: Joseph E. Silvia, Partner, Howard & Howard John R. Mussman, Partner, Rimon, P.C. Location: CBA Headquarters, 321 South Plymouth Court, Chicago, IL…

FinCEN, Tokens and Money Transmission: A Redux

We wrote recently about money transmitters and the state of regulation for token-driven businesses. On May 9th, 2019, the Financial Crimes Enforcement Network (FinCEN) put a number of these questions to rest in its guidance entitled “Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies” (The Guidance). Money Transmission: Accepting and Transferring Currency or…

Annual Consumer Financial Services Conference

Host: Conference on Consumer Financial Law Why You Should Attend ​Rimon Partner, John Mussman, will present at the Annual Consumer Financial Services Conference next Thursday and Friday (May 30 and May 31) at Loyola University Chicago School of Law.  His discussion will address recent CFPB actions in fair lending.  The Conference will also cover other financial…

Title IX: How Female Athletes at New York Colleges Face Major Inequities in Sports

Rimon Partner Buz Barclay of Albany, New York, and co-counsel Rimon Global Alliance member Carlos Gonzalez of Miami, Florida, represent female student athletes of the State University of New York at Albany in a Federal class action lawsuit under Title IX, claiming that the university is systematically denying women substantially fewer opportunities to participate in varsity intercollegiate sports, in comparison with the number of opportunities…

Princeton Entrepreneurship Council’s Startup Workshop: Legal Considerations for Startups

Date & Time May 31st, 2019, 10am Why You Should Attend Rimon’s FinTech Partner, Dror Futter, will be speaking at Princeton Entrepreneurship Council’s “Startup Workshop: Legal Considerations for Startups. Register here Dror Futter is a partner in the Rimon, PC law firm. Dror’s practice focuses on representing startup companies in their financing and merger and acquisition transactions and…

LIBOR Fallbacks- Alternative Reference Rates

LIBOR Fallbacks: What’s Next After LIBOR? At the end of 2021, the London Interbank Offered Rate (“LIBOR”) may cease as a reference interest rate.[1] For years LIBOR has served as the leading baseline reference interest rate for loans and other financial instruments such as floating rate notes. In order to minimize or avoid loan market…

Sears Fights with Vendors Whether Goods Were Delivered Prepetition or Postpetition

Several foreign suppliers are seeking to compel payment by Sears Holding Corporation and subsidiary debtors (collectively the “Debtors”) for merchandise purchased by the Debtors during, or just before the commencement of, the Debtors’ Chapter 11 bankruptcy cases (the “Case” or “Sears”) pending in the United States Bankruptcy Court for the Southern District of New York…