Author: Jeremy Schlosser

Jeremy Schlosser

An associate in Dorsey’s Trial Group, Jeremy’s practice focuses on commercial and banking litigation, as well as regulatory compliance involving such laws as the U.S. Foreign Corrupt Practices Act. Jeremy’s clients have included both Chinese entities and American entities with operations in Mainland China and Taiwan. He is fluent in written Chinese and in spoken Mandarin.

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Why the Bank Examination Privilege Doesn’t Work as Intended

In a new article published in the Yale Journal on Regulation, Dorsey & Whitney partner Eric B. Epstein examines the growing rift between how one would expect the bank examination privilege to operate and how the privilege actually works when banks become involved in litigation with nongovernmental parties.

Who is a Mortgage Broker? Just Ask the Fed.

The United States Court of Appeals for the Second Circuit recently affirmed a magistrate judge’s decision in the District Court for the Eastern District of New York to dismiss a complaint brought under TILA and HOEPA. The complaint sought rescission of two loans secured by a lien on a co-operative apartment on the grounds that certain required disclosures were not made by the lender. Adopting the Federal Reserve’s definition of “mortgage broker” the Second Circuit affirmed the district court’s finding that the appellant borrower failed to establish that the subject loans were procured by a mortgage broker.