Blog

FINTECH And MARKETPLACE LENDING Bootcamp

There is some confusion in the marketplace with respect to new loan products and services in the banking industry.  My definition of “FINTECH” is broad and encompasses computer programs, applications and other technology used to provide banking and financial services.  Perhaps you have noticed that many retail bank services have been streamlined through on-line payment, […]

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Trump Administration Regulatory Freeze. What Is The Effect On The CFPB

The Trump Administration circulated a memorandum on January 20, 2017 (the “January 2017 Memo”) to the heads of executive departments and agencies,  initiating a regulatory review to be headed by the Director of the Office of Management and Budget (“OMB”).  The  January 2017 Memo  states in relevant part, “[S]end no regulation to the Office of […]

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AlexsonLaw Services. How We Help You To Reduce Costs And Legal Risk

My firm specializes in transactions, regulations, strategic alliances and mixed collateral loan transactions in the real estate and financial services industries. We are positioned in a unique space in that my many years in big firm law and my expertise in complex mixed collateral transactions, mergers and acquisitions, private funds, fintech  and bank regulation allow […]

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Organizers Of De Novo Financial Institutions

Financial Institution Letter FIL-81-2016 The FDIC is seeking comment on a handbook developed to facilitate the process of establishing new banks. Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions provides an overview of the business considerations and statutory requirements that de novo organizers will face as they work to establish […]

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Commercial Real Estate And Dodd-Frank Risk Retention Rules

The Dodd-Frank statute also led to the adoption of Regulation 15G of the Securities and Exchange Act of 1934 (15 U.S.C.A. § 78o-11), which requires the sponsor in a CMBS securitization to retain a 5% stake in the credit risk of the underlying commercial real estate asset. The purported purpose of the regulations is to […]

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OCC Requires FinTech Applicants To Apply As Nondepository Institutions

The Office of the Comptroller of Currency (“OCC”) recently  established that it will use its authority to grant special-purpose charter to allow FinTech companies into the banking system.  The charter details have not yet been finalized.  In order to apply for this special-purpose charter, a company must engage in fiduciary activities, or either one of […]

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New Consulting Work. CMBS And HVCRE Rules

We are consulting with an investment management firm on potential changes in commercial real estate. Our client has asked for an overview of  how the Trump presidency might affect the CMBS risk retention rules and High Volatility Commercial Real Estate(“HVCRE”) rules.  The scope of our review also includes an analysis on GSE’s and possible effects […]

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Dodd-Frank And Commercial Real Estate

What’s Next? Some experts in the financial services industry, believe that the new Trump administration may change or roll-back a portion of the Dodd-Frank legislation. Financial institutions, mortgage companies, securitization sponsors, etc.  must continue to treat  current regulatory requirements as applicable to the business.  It is important to differentiate the commitment to protection of consumers […]

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FinTech Strategic Partnership Consulting. A New Product

We consult with marketplace lenders and community banks and other lenders to create a strategic partnership to meet both parties’ business goals.  It may be more cost effective to partner with a FinTech provider or marketplace lender than to  create a new platform. We offer a value-based consulting product to analyze goals, prepare a strategic […]

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PHH Corp. et. al. vs CFPB

My recent presentation for Lambda Alpha. We discussed the PHH Corp. et. al. vs CFPB  case which was decided Oct. 11, 2016 by the US court of Appeals for the DC Circuit.  PHH argued that the authorizing legislation for the CFPB creates an unconstitutional independent agency officer  not subject to review by any branch of […]

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