Credit

The Former Rugby Lawyer Making Waves in the World of Private Credit

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SYDNEY, Australia — Paul Weightman, a former rugby lawyer from Australia, is making waves in the world of private credit with his audacious recruitment of more than 20 senior executives from asset manager Barings. This move has already sparked litigation and is transforming Weightman’s nascent investment business, Corinthia Global Management. However, Weightman’s tactics show similarities to his earlier career as a lawyer in Australian rugby league, where he poached disaffected sports stars during the “Super League war.” Weightman’s success in attracting a whole team of private credit experts from Barings highlights the importance of having … Read more

Federal Lawsuit Over Credit Card Late Fee Limits Returns to Texas Court

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Fort Worth, Texas – A federal lawsuit challenging the new limits on credit card late fees will continue to be heard in Texas. The U.S. Court of Appeals for the Fifth Circuit decided on Friday to reverse the previous ruling by federal Judge Mark Pittman, who had moved the case to Washington, D.C. Pittman had argued that the case should not be heard in Texas since the majority of the plaintiffs and attorneys involved, as well as the Consumer Financial Protection Bureau (CFPB), have ties to D.C. The lawsuit was filed by the U.S. Chamber … Read more

Indictments Unveiled: Assault, Burglary, and Credit Card Fraud Charges in Christian County

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**Hopkinsville, Kentucky -** A Christian County Grand Jury has handed down several indictments on charges including wanton endangerment, burglary, and fraudulent use of a credit card. These indictments represent a range of criminal activities that have taken place in the community, highlighting the ongoing efforts to address criminal behavior. One of the indictments is against Jacquavius Redd, a resident of Hopkinsville, who faces charges of assault and four counts of wanton endangerment. The incident in question occurred on June 14th, during which Redd allegedly used a deadly weapon to cause injuries to one person and … Read more

Texas Judge Moves Lawsuit Challenging CFPB’s $8 Credit Card Late Fee Rule to D.C., Dealing Blow to Credit Card Industry

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FORT WORTH, Texas – In a blow to banks and credit card issuers, a Texas judge has agreed to move a lawsuit challenging the Consumer Financial Protection Bureau’s $8 credit card late fee rule to the District of Columbia. The ruling by Judge Mark T. Pittman is a setback for the U.S. Chamber of Commerce and five other trade groups that sued the CFPB in March to stop the rule from taking effect on May 14. The CFPB accused the trade groups of engaging in “forum shopping” by filing the case in Texas to find … Read more