The Delaware Limited Liability Company Act allows for the fiduciary duties of a member to be expanded, restricted, or eliminated by provisions in the operating agreement of a limited.
Case law involving limited liability companies (LLCs) is rapidly evolving. Some states, most notably Delaware, permit LLCs to limit or eliminate liability for breaches of fiduciary duty.
The degree of enforcement of fair lending laws by the regulators can vary depending on which administration is in office. We examine the renewed focus on combatting the practice of redlining and the expanded oversight role of the CFPB.
The degree of enforcement of fair lending laws by the regulators can vary depending on which administration is in office. We examine the renewed focus on combatting the practice of redlining and the expanded oversight role of the CFPB.