Attorney Kara Eshenaur provides a summary of recent uniform commercial code case law.
Banking Law
CARES Act Authorizes Paycheck Protection Loan Program
The CARES Act provides for loans backed by the SBA to be issued to eligible borrowers under the Paycheck Protection Program.
Take Notice: Simple Ways Lenders Can Protect Themselves
Recent lawsuits against major car manufacturers and financing companies alleged that vehicles they financed were repossessed without providing the borrower with notice as required by Article 9.
Mobile Deposit Patent Lawsuit
The United Services Automobile Association (“USAA”) was awarded a $102.8 million verdict against Wells Fargo in a mobile deposit patent infringement lawsuit.
Planning for the End of LIBOR
Every participant in the financial markets knows that London Interbank Offered Rate (LIBOR) is not guaranteed after 2021, yet few have taken steps to prepare for LIBOR’s end.
Revised Rules Regarding Garnishment of Federal Benefits
The final interim rule governing garnishments of accounts containing certain federal benefits has been amended.
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