Author: Nick Marcus

Over the past two weeks the credit rating agency Standard and Poor’s (S&P) has come close to finalizing settlements with both the Securities Exchange Commission (SEC) and the Department of Justice (DoJ) over pending litigation.1 In the wake of the 2008 financial crisis, the government, the public, and regulators across the country have pointed their…

Last week, the Consumer Financial Protection Bureau (CFPB) proposed a new rule regarding consumer protections and disclosures in the prepaid debit card industry. The rule would help bring the prepaid card industry under the Electronic Fund Transfer Act and Truth In Lending Act while also providing a disclosure mechanism to help consumers when they are…

Once again Argentina finds itself in dire capital straits as it is embroiled in a debt holdout battle with a group of American banks and hedge funds.1  Debt defaults aren’t new for Argentina – the country has defaulted eight times since 1828 – with its most recent default stemming from a previous default in 2001.2…