Premier Banking Law News and Insights

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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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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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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