Financial Institutions and Markets (J)

Financial Institutions and Markets (J)

Contact: Heather Morris; Spencer Fane Britt & Browne LLP (Missouri, USA)

CFPB Director Richard Cordray recently issued a memorandum clarifying the CFPB’s policy with respect to same-sex marriages. The memorandum clarifies that the CFPB recognizes all lawful marriages that were valid at the time of the marriage in the jurisdiction where the marriage was celebrated.

Read more: CFPB Issues Policy Regarding Same-Sex Marriages

Contact: Prof. Dr. H. Ercüment Erdem; Erdem & Erdem (Turkey)

Turkey's first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a plan to attract foreign direct investments. Interest free banking was introduced with the legalization of "special finance houses" which did not possess bank status and therefore did not benefit from banks' privileges.


Read more: Prominence of Sukuk in Turkey as an Islamic Finance Instrument

Contact: Heather Morris; Spencer Fane Britt & Browne LLP (Missouri, USA)

Lenders that participate in Small Business Administration (“SBA”) loan programs should be aware that the SBA recently issued an interim final rule to increase monetary based small business size standards. These standards are based on criteria such as receipts, assets, net worth and income.


Read more: How Small is Small?

Contact: Stephanie Kalahurka; Spencer Fane Britt & Browne LLP (Missouri, USA)

Do you remember that children’s game called “Telephone” that you played long ago at birthday parties, on car trips or around campfires? You know -- the game where one person passes a message to the next, and then to the next? The message evolves as it travels, inevitably surprising and confounding everyone by the time it reaches the end of the circle.


Read more: Debunking the Rumor that Directors Should Not Have Access to Information in Suspicious Activity...

Contact: Adam Laboda; Spencer Fane Britt & Browne LLP (Missouri, USA)

A bank’s commercial construction lending portfolio often covers a wide variety of projects ranging from residential developments, apartments, condominiums and hotels, to office buildings and shopping centers. Every type of commercial construction project requires a borrower with requisite expertise and skills to construct and market the project.


Read more: Real Estate is Back. So is Construction Lending. Be Prepared.