Loans

Puppyland to Pay $3.75 Million in Settlement Over Misleading Practices and Predatory Loans

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SEATTLE — A significant settlement has been reached between the Washington State Office of the Attorney General and Puppyland, a pet store and its owners. The announcement made Friday highlights a $3.75 million payment to the state, addressing illegal advertising and deceptive sales practices that have impacted consumers across the region. Attorney General Nick Brown detailed the settlement terms, underscoring that the lawsuit, originally filed in April 2023, marked a pivotal stance against exploitative practices within pet sales. The litigation pointed out multiple infractions, including unfulfilled health guarantees, manipulative financial agreements, and restrictions on consumer … Read more

Minnesota Prepares for Major Legal Changes: New Laws on Student Loans, Employment Testing, and Election Policies Set to Take Effect August 1

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Minneapolis, MN — A slew of new regulations, ranging from augmented student loan protections to refined election laws, will become effective in Minnesota this Tuesday, ushering in broad changes across various sectors that could impact residents statewide. Among the key provisions are enhanced disclosure requirements for student loan servicers, restrictions on marketing vapor products to minors, and increased penalties for straw purchases of firearms. One notable law aims to foster transparency in student lending. Loan servicers will now be required to provide detailed disclosures to borrowers enrolled in income-driven repayment plans, a move that advocates … Read more

Rainmaking Partners Embrace Forgivable Loans as Key Retention Tool Amidst Lateral Market Competition

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New York City, NY – In today’s competitive legal market, law firms are resorting to forgivable loans as a retention strategy for their rainmaking partners. The use of such loans has gained prominence as firms aim to keep their top talent amidst the constant barrage of tempting offers from higher-paying competitors. Shearman & Sterling, a prominent global law firm, recently employed forgivable loans as a tool for partner retention during its negotiations with Allen & Overy. The firm utilized these loans to incentivize partners in key practice areas to remain with the firm, as per … Read more