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Bennett Jones LLP

Government of Canada Doubles Funding for Federal Indigenous Loan Guarantee Program

Bennett Jones LLP on

On March 21, 2025, Prime Minister Carney announced important changes to the federal Indigenous Loan Guarantee Program (Program). The Government of Canada doubled funding for the Program from C$5billion to C$10 billion and...more

Ballard Spahr LLP

VA Winding Down VASP Program

Ballard Spahr LLP on

As previously reported, last year the U.S. Department of Veterans Affairs (VA) launched a Veterans Affairs Servicing Purchase (VASP) program, which VA characterized as a “last-resort tool” for VA home loan borrowers facing...more

Orrick, Herrington & Sutcliffe LLP

Oklahoma incorporates fed funds rate into maximum loan finance charges

Orrick, Herrington & Sutcliffe LLP on

The Oklahoma governor recently signed SB 794, which increases the maximum loan finance charge for certain loans (i.e., supervised loans under applicable Oklahoma law) by additionally including the federal funds rate published...more

Troutman Pepper Locke

Texas Bankers Challenge CFPB’s Section 1071 Rule

Troutman Pepper Locke on

On April 26, the Texas Bankers Association and Rio Bank, McAllen, Texas filed a complaint in the U.S. District Court for the Southern District of Texas challenging the Consumer Financial Protection Bureau’s (CFPB or Bureau)...more

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