Industry news
Material Breach of Contract: Performance Relieved
July 5, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC In the event that one party to a contract materially breaches that contract, the non-breaching party is usually relieved of their obligations under that contract. Simply stated, the...
Bigger is Not Necessarily Better
April 27, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC Debt collectors are in the news again. According to the Consumer Financial Protection Bureau (CFPB), they recently settled claims with one of the largest debt collectors in the nation....
Repo Horror Stories
March 31st, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC When a commercial borrower seeks equipment financing, the lender will require that the borrower pledge collateral to secure the lender’s right to receive payment. Security interests and...
Junk Lawsuits Lead to Garbage Results
January 25, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The Consumer Financial Protection Bureau (CFPB) recently announced a settlement with a law firm accused of filing junk lawsuits. The NY-based law firm allegedly filed lawsuits with...
CFPB & NY Disclosure Law
December 21, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The Consumer Financial Protection Bureau (CFPB) has published a notice of intent to make a preemption determination in the Federal Register, and is seeking comments from the public...
No “Testi-phony-als” Here.
November 29th, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC Long before the FTC and CFPB took an interest in company reviews, Dedicated has been auditing each review that is earned. The purpose of Dedicated’s audit is primarily to verify the...
Covid-19 & Force Majeure
October 13th, 2022 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC The coronavirus (COVID-19) has undoubtedly changed the ways in which we interact with others and create relationships. Businesses that find themselves strapped for cash are more...
Material Breach of Contract: Performance Relieved
July 5, 2023 – Jonathon D. Nelson, General Counsel for Dedicated Financial GBC In the event that one party to a contract materially breaches that contract, the non-breaching party is usually relieved of their obligations under that contract. Simply stated, the...
Chasing Significance Over Success
On my last day in Port Au Prince, Haiti, while standing atop the mountain overlooking the city, I realized something profound: I had been chasing the wrong thing most of my adult life. At that moment, with my heart shattered and my emotional strength gone, I knew that...
Gloomy Forecast: Oil Industry Bankruptcies Increase 471%
At the beginning of September 2014, the price of a barrel of crude oil on the New York Mercantile Exchange closed at $95.96 per barrel. By the beginning of 2015, the price had dropped approximately 56% to $53.27, slightly more than half what it had been a year...