Smith Debnam recently published its Fall 2015 Enforcement and Compliance Update. The update highlights several of the enforcement actions handed down by the Consumer Financial Protection Bureau and FDIC so far this year against banks and other financial services providers.
Smith Debnam is delighted to announce the firm has signed on to be the platinum sponsor of the 2015 North Hills 5k. Smith Debnam joins Midtown Raleigh Alliance and Trinity Baptist Church in presenting the 9th installment of the North Hills 5k. The race event, which is part of the Second Empire Grand Prix Race Series, will take place on Saturday, September 12 at Trinity Baptist Church, in the heart of Midtown Raleigh. All proceeds from the event will benefit the Backpack Buddies Program through North Raleigh Ministries. For more information about the event, please visit www.northhills5k.com.
Restrictive covenants are a valuable tool employers use to protect their proprietary interests. Non-compete covenants and non-solicit covenants are the most common forms of restrictive covenants used by employers. This article looks at two recent cases that examine the scope of the “valuable consideration” element and provide insight into what a judge might look for when enforcing a non-compete covenant.
Law firms that collect consumer debt continue to face increasing challenges. The newest and perhaps the most daunting challenge is coming directly from the Consumer Financial Protection Bureau (CFPB). Established by the Dodd-Frank Act, the CFPB aims to protect consumers from unfair practices by financial institutions. While the CFPB initially focused on policing the activities of large banks, it has since broadened its scope to encompass the activities of virtually all financial institutions and their vendors, including law firms.