Federal Reserve System

Federal Reserve System in the United States Introduction The Federal Reserve System, the central bank of the United States, administers and formulates the Nation’s credit and monetary policy. The Federal Reserve System (FRS) was established by the Federal Reserve Act (12 U.S.C. 221), […]

Halliburton Inc. v. Erica P. John Fund, Inc.

Halliburton Inc. v. Erica P. John Fund, Inc. Case Law Professors’ Briefs in Halliburton Several lawyers filed a brief in January 2014 on behalf of law professors Adam Pritchard and Todd Henderson in Halliburton Co. v. Erica P. John Fund, Inc., involving the continuing validity of Basic Inc. v. Levinson. Below is a short summary … Read more


Enforcement in the United States Enforcement in Environmental Law Both federal and state governments can enforce the pretreatment regulations. However, the EPA generally holds the permittee (the publicly owned treatment works) responsible for violations of its permit, even if an industry […]

Department of the Treasury

Department of the Treasury in the United States Introduction to Department of the Treasury Department of the Treasury, an executive department of the United States federal government, responsible for handling the government's fiscal affairs. It was established by the Congress of the United […]


Foreclosure in United States Foreclosure Definition To shut out; to bar. Used of the process of destroying an equity of redemption. 1 Washb. Real Prop. 589; Daniell, Ch. Pr. 1204; Coote, Mortg. 511; 9 Cow. (N. Y.) 382. A proceeding in chancery by which the mortgagor's right of redemption of […]

Executive Office of the President

Executive Office of the President in the United States Under authority of the Reorganization Act of 1939 (5 U.S.C. 133-133r, 133t note), various agencies were transferred to the Executive Office of the President by the President’s Reorganization Plans I and II of 1939 (5 U.S.C. app.), […]

Covered Loans

Covered Loans in the United States Covered loans are typically used by consumers who are living paycheck to paycheck, have little to no access to other credit products, and seek funds to meet recurring or one-time expenses. Consumer Protections for payday loans, vehicle title loans, and […]

Mortgage Servicing

Mortgage Servicing in the United States Mortgage Servicer A servicer may service loans on behalf of itself or an affiliate. It may service as a contractor of the trustee where a mortgage is included in a mortgage-backed security, or it may service whole loans for an outside third-party […]

No-Action Letters

No-Action Letters in the United States Finding No-Action Letters (Securities Law) Note: Be sure to check the currency, coverage, and status (official or unofficial) of all sources. Not all sources listed on this entry contain all No-Action letters issued by the SEC, but the list on this […]