Over the last 18 months, in response to the current economic crisis, federal and state lawmakers have been busy trying to ensure that such a crisis never happens again. For better or worse, the response has been the “regulation” and “reregulation” of credit markets. Almost daily, there are calls for tougher regulation, tighter controls, and greater oversight and enforcement of every aspect of the credit industry. Lawmakers at the state and federal level have introduced a multitude of new bills, regulations, and guidelines aimed at “fixing” the current crisis and preventing a similar crisis from reoccurring in the future. Rapid changes in the credit markets and new rules at the state and federal level have made it hard to keep track of what’s in, what’s out, and what else is on
the horizon.
In comes Basis Points! We designed this publication to keep our subscribers and clients informed about the current trends and legislation that will affect the way they do business. Basis Points, we hope, will serve as a touchstone for creditors, a way to help them identify and flag important issues, and respond to new compliance obligations that arise as a result of the new regulations. It is our goal to provide information and support to all creditors trying to navigate the law during these difficult times. We look forward to the time when businesses and the economy will thrive again, and it is our hope that Basis Points will make the journey less daunting.
All of the lawyers at Hudson Cook, LLP, will contribute to Basis Points from time to time. If you have suggestions or ideas, you can contact any member of the editorial staff. Meet the editors on the back cover.
Lisa DeLessio
Editor-in-Chief
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