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FDIC Chair Reviews Agency Response To COVID-19 Risk

Published: Nov 17, 2020
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In testimony before the House Financial Services Committee, FDIC Chair Jelena McWilliams reviewed the agency's response to economic risks posed by COVID-19. She reported progress on enhancing resolution readiness, supporting communities in need, fostering technology solutions and finalizing outstanding rulemakings. Responding to Economic Risks: Ms. McWilliams highlighted regulatory and supervisory action to...

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What Does CA AB 3088 Mean For Mortgage Servicers?

Published: Nov 12, 2020
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On September 1, 2020, California passed a new law titled the "COVID-19 Small Landlord and Homeowner Relief Act of 2020." Although the majority of the new law addresses eviction issues between landlords and tenants, it imposes notable new obligations on mortgage loan servicers as well. This two-part blog series will...

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Sun Life To Acquire Majority Stake In Crescent Capital

Published: Nov 11, 2020
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On October 21, 2020, Sun Life Financial Group Inc. announced that it will acquire a majority stake in Crescent Capital Group LP. Under the terms of the agreement, Sun Life Financial Inc. ("Sun Life") will acquire a 51% stake in Crescent Capital Group LP ("Crescent"). The consideration for the transaction...

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