Madden uncertainty to continue
Tuesday 28 June 2016 11:25 London/ 06.25 New York/ 19.25 Tokyo
The US Supreme Court has denied certiorari in the Madden vs Midland Funding case, electing not to review a Second Circuit decision that found state usury laws applied to debt that had been purchased from a national bank (SCI passim). The decision is expected to prolong the legal uncertainty related to the marketplace lending and securitisation industries.
Other circuits are ...
PLEASE LOG-IN TO ACCESS THIS CONTENT:
Yes, I am registered
I would like to register for a trial
SIGN UP FOR A TRIAL TO SCI
SCI's in-house team of journalists publishes proprietary news and market data covering all aspects of securitisation globally.
SCI covers emerging themes such as Capital Relief Trades, Marketplace Lending & Green Bonds, plus traditional structured credit & asset backed sectors: CLO; ABS; CDO; CMBS; RMBS & ILS.
By registering for a trial to SCI you will benefit from:
ENTER YOUR WORK EMAIL TO START: