Weltman, Weinberg & Reis Co.http://www.weltman.com/?t=39&format=xml&stylesheet=rss&directive=0&records=15en-us18 Feb 2018 00:00:00 -0800firmwisehttp://blogs.law.harvard.edu/tech/rssIs Regulatory Relief on the Way for Community Banks?http://www.weltman.com/?t=40&an=74551&format=xml&p=7735On January 18, 2018, the House Financial Services Committee approved some bills that, if passed by the House and Senate, will roll back some of Dodd-Frank's provisions. One of those proposed bills is the Community Financial Institution Exemption Act, H.R. 1264, which was originally introduced by Representative Roger Williams (R-TX) on February 28, 2017. The Community Financial Institution Exemption Act, which was passed by the committee in a 30 to 25 vote, has support from the Credit Union National Association (CUNA) and the Independent Community Bankers of America (ICBA), among others. This bill, if approved by the House and Senate, could provide considerable relief to community banks from the crushing rules and regulations of the Consumer Financial Protection Bureau (CFPB).Insights08 Feb 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=74551&format=xml&p=7735Mortgage Loan Modifications – What is the Risk of Loss of Lien Priority?http://www.weltman.com/?t=40&an=74514&format=xml&p=7735Lenders and borrowers often enter into loan modification agreements to change the terms of a mortgage loan. Perhaps the most common modification arises when the borrower is experiencing difficulty repaying the loan according to its original terms, and the lender, seeking to preserve the loan as a performing loan, agrees to reduce the monthly payments and extend the repayment period.Insights07 Feb 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=74514&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA Attorney Charles Andrew ("Drew") Walgreen Named to the 2018 List of Illinois Rising Starshttp://www.weltman.com/?t=40&an=73298&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (WWR), a full-service creditors' rights law firm now in its 88th year of client service, congratulates Attorney Charles Andrew ("Drew") Walgreen for being named to the 2018 list of Illinois Rising Stars.Firm News25 Jan 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=73298&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA Welcomes New Bankruptcy Attorney to Columbus Officehttp://www.weltman.com/?t=40&an=73058&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (WWR), a full-service creditors' rights law firm now in its 88th year of client service, welcomes Attorney Laura L. Peters to its Columbus, Ohio Bankruptcy Practice Group. Ms. Peters will practice in both consumer and commercial bankruptcy.Firm News16 Jan 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=73058&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA Announces the Election of Three New Shareholdershttp://www.weltman.com/?t=40&an=72977&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (WWR), a full-service creditors' rights law firm now in its 88th year of client service, is proud to announce the election of three new Shareholders: Benjamin N. Hoen, Matthew D. Urban, and Matthew M. Young.Firm News09 Jan 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=72977&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA Welcomes Attorney Roy J. Schechterhttp://www.weltman.com/?t=40&an=72424&format=xml&p=7735eltman, Weinberg & Reis Co., LPA (WWR), a full-service creditors’ rights law firm now in its 87th year of client service, welcomes Attorney Roy J. Schechter to its Cleveland office.Firm News14 Dec 2017 00:00:00 -0800http://www.weltman.com/?t=40&an=72424&format=xml&p=7735Four Weltman, Weinberg & Reis Co., LPA Attorneys Named to the 2018 List of Ohio Super Lawyers & Rising Starshttp://www.weltman.com/?t=40&an=72371&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (WWR), a full-service creditors' rights law firm now in its 87th year of client service, is pleased to announce that four of the firm’s attorneys have been named to the 2018 lists of Ohio Super Lawyers and Ohio Rising Stars.Firm News12 Dec 2017 00:00:00 -0800http://www.weltman.com/?t=40&an=72371&format=xml&p=7735Looks Like Arbitration is Here to Stayhttp://www.weltman.com/?t=40&an=72233&format=xml&p=7735On October 24, 2017, with relatively little fanfare, the United States Senate used the Congressional Review Act to repeal the CFPB's Arbitration Agreements Rule. Although the President must sign off on the repeal, it appears as though arbitration is here to stay.Insights07 Dec 2017 00:00:00 -0800http://www.weltman.com/?t=40&an=72233&format=xml&p=7735Upcoming Changes to National Bankruptcy Plan and Bankruptcy Ruleshttp://www.weltman.com/?t=40&an=72143&format=xml&p=7735Historically, each Bankruptcy Court in the United States has been free to utilize its own version of a Chapter 13 Plan, which has led to a confusing patchwork of different plan forms all around the country. Effective December 1, 2017, however, the use of a new Model Chapter 13 Plan will be required across the U.S.; although each individual district will have the ability to “opt out” and use its own form, so long as it substantially conforms to the Model Plan’s format. Also taking effect on December 1st are certain amendments to the Bankruptcy Rules, which will impact the Chapter 7, 12, and 13 practice and procedures for both consumers and creditors. The following is a summary of the upcoming changes.Advisories30 Nov 2017 00:00:00 -0800http://www.weltman.com/?t=40&an=72143&format=xml&p=7735Life After Death: Ohio Mortgage Creditors' Rights After a Borrower's Deathhttp://www.weltman.com/?t=40&an=71814&format=xml&p=7735For a loan secured by real estate, a borrower typically signs a promissory note or a line of credit agreement, and a mortgage securing real property owned by the borrower. In Ohio, a creditor generally has multiple remedies when a borrower defaults. But how are the creditor's remedies affected by the death of the borrower?Insights16 Nov 2017 00:00:00 -0800http://www.weltman.com/?t=40&an=71814&format=xml&p=7735