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Ricardo Tosto: New rule for charging late payment charges comes into effect from September

On February 23, the National Monetary Council (CMN) published a new Resolution – 4,558 – which regulates the collection of charges by financial institutions and leasing companies. The new rule changes how banks can charge fines and interest on customers who delay payments – is reported by the founding partner of law firm Leite, Tosto and Barros, lawyer Ricardo Tosto.

Resolution 4,558 replaces Resolution 1,129, dated May 15, 1986, which deals with the subject. It will take effect on September 1, 2017. From then on, Ricardo Tosto reinforces that financial institutions will no longer be able to charge the so-called “stay commission” of customers – a rate that can be calculated by the bank using the rates established in the contract or market rate on the day of payment, at the discretion of the institution to learn more:

Therefore, in the event of late payment or settlement of obligations, lawyer Ricardo Tosto points out that only the following charges will be charged:

Remuneration interest, per day of delay, on the instalment due;
Fine, in accordance with the legislation in force;
And interest for late payment under civil law.

The collection of any other amounts beyond these charges is prohibited. The Monetary Council also stipulated that the rate of compensatory interest should be the same as that agreed in the contract for the period of default – a way to reduce the percentage of interest payments, stresses the founding partner of Leite, Tosto and Barros, Ricardo Tosto. Financial institutions and leasing companies, in turn, shall amend their contracts.

The lawyer explains that, according to the deputy head of the Financial System Regulation Department of the Central Bank, Paula Leitão, the current rule – which speaks of a stay committee as a way of collecting interest payments – had created doubts, since it use of the fee stipulated in the contract or the rate in effect in the market at the time of default.

Ricardo Tosto also points out that in some situations, according to what the deputy chief reports, the institutions charged the interest already stipulated in contract, plus this stay commission. “It was decided to leave it more clearly. Only the fee that was signed in a contract at the beginning of the operation is worth “, clarifies Paula Leitão.

Litigation with Karl Heideck

Litigation with Karl Heideck
Litigation with Karl Heideck

There are times in life where litigation is the only option in moving forward. Karl Heideck has a track record of success in this area of the industry. Not only does he want to help other people in life, but he also wants to make sure that other people understand how much he is working to help them on their issues. If you can find someone who is adding a lot of value in the world of litigation, now is a great time to do so. There are a lot of things that these types of people can do to help you in various ways. Overall, Karl Heideck is a great person to work with who can help you succeed at a high level and read full article.

Karl Heideck

From the time he started out in litigation, Karl Heideck has worked hard to add value to other people in a variety of ways. Not only that, but he is excited about some of the problems that he is working to solve in the lives of people in his community. Not only is he going to start helping others more, but he is looking to expand his business as well. A lot of people look up to the life and the success that he has had so far. This is an important area of business, and he is there to fight for people when they have been wronged. Whatever path you are on in life, he is the type of person who you want on your side in order to get what you deserve and what Karl knows.

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Jeremy Goldstein: Your Trusted Lawyer

Having trouble finding a lawyer that can help you sort your legal issues? People in New York have discovered a novel and convenient method of finding a lawyer within their community that has the experience to deal with their legal matter. The Lawyer Referral and Information Service (LRIS) has recently opened a 24-hour-a-day online portal for people looking for lawyers.



According to State Bar President Claire Gutekunst, the LRIS helps clients have a relatively easy time when they need legal help. Individuals using this service can also be confident as they get an attorney who has been reviewed by the New York State Bar Association. The new online service was developed in partnership with which provides the legal industry with marketplace and referral management technology.



The procedure of using the service is outlined below.

  1. Any person seeking a lawyer visits the website ( then fills a questionnaire describing the legal issue they face and their location.
  2. The State Bar staff reviews the questionnaire and match the individual with an attorney.
  3. The State Bar forwards the request to the appropriate county bar association if the person lives in a county with a locally run referral service.
  4. Referrals are free of charge, but upon consulting the lawyer, there is a 35-dollar fee for the first half hour.
  5. The person is under no obligation to retain the Lawyer after the first consultation.


Jeremy Goldstein is the founder at Jeremy L. Goldstein and Associates, LLC. The firm, located in New York, specializes in advising CEO’s, management teams and compensation committees in executive compensation. Jeremy Goldstein graduated with a Doctor of Jurisprudence Degree from New York University in 1999.



Before joining New York University, Goldstein graduated with a Master of Arts degree the University of Chicago in 1996 and a Bachelor of Arts degree from Cornell University in 1995.Goldstein worked for Sherman and Sterling LLP before 2014.

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Labaton Sucharow Is Keeping Things down

The SEC Whistleblower program is a program that was established for the people and by the people. This program helps establish a culture of integrity in the United States. It is a program that holds businesses accountable for breaches in security that are not lawful. The SEC Whistleblower program also helps individuals to keep their employer honest. A SEC Whistleblower attorney has a very unique focus. Their focus is on how and when to blow the whistle without making their clients have to suffer the consequences of professional or personal regrets.

It can be difficult to form a decision about blowing the whistle on practices that are illegal in an establishment. Labaton Sucharow is the first law firm that decided to establish a practice for whistleblowers. The attorneys at Labaton Sucharow focus on protecting individuals that are willing to report different violations when it comes to the laws for federal security. Labaton Sucharow chooses to be very picky when it comes to each case that they choose to take on.

Generally their clients are insiders in the corporate world and they do they recognize that if and when they blow the whistle, they will lose a lot on a personal and professional level. The attorneys at Labaton Sucharow take enough time to be able to investigate the different resources. In that way, they can help their clients to take the best course of action.

Labaton Sucharow focuses on determining if a significant federal security law was violated. Labaton Sucharow also focus on understanding the goals of the client, examining the risks associated with the whistleblowing, and developing a strategy to minimize the risk of retaliation towards their clients. Labaton Sucharow is a company that is dedicated to the well-being of their clients, and also to good results. They are a law firm that is dedicated to ethics and they are guided by moral principles.

How Does Luciana Lossio Lead The Brazilian Courts?

Luciana Lossio is leading the Brazilian courts in a way that no other person ever has. She is a sign of a progressive future for Brazil, and she is now the head of the electoral court of the country. There are a lot of people who are going to be able to come to the court knowing that it is very fair, and they will be happy to see a woman on the bench for the first time.

Luciana Lossio started as a lawyer at the court after she got out of law school, and she has been arguing cases on both sides this whole time. She was a rising star in the legal community in Brazil, and she was the person who became the most obvious choice to lead the court. This was very important because there was no other way for the court to continue, and they want to make sure that someone they were familiar with was leading.

She is one of the women who have been called to power over the last few years, and she is helping make Brazil into a better place to live. She has an open mind that will be used to make the most of a bad situation, and she will be sure that all the people who come to the court will have their case heard fairly.

Luciana Lossio wants to be the person that puts Brazil on the right path to being a superpower, and part of that is having a good court system. She is a strong leader for the courts, and she is someone who will help lead other people who are in need of help. She deserves everyone’s respect, and she will hear everything fairly so that the right officials are in place. Making the country of Brazil into a better republic starts with the legal system, and that is why Luciana Lossio is so important.

The Dodd-Frank Act Seeks To Protect All Whistleblowers

Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. This enactment is regarded as the most crucial overhaul of the financial regulation in the United States since the beginning of the great depression. One of the vital reforms under the Dodd-Frank Act is the new whistleblower program. This program guarantees employment protection and financial incentives to individuals that avail themselves to the Securities and Exchange Commission (SEC) to report violations on any federal securities laws.

Labaton Sucharow is the first law firm to focus exclusively on advocating and protecting SEC whistleblowers in the country. The law firm is known for its securities litigation platform, which has a competitive edge in the market. In addition, Labaton Sucharow has financial analysts, forensic accountants who have state and federal law enforcement practice to represent whistleblowers. The law firm boasts of its whistleblower representation reputation given its experienced team of investigators. Jordan A. Thomas is in charge of the practice. Formerly, Jordan worked at the SEC’s division of enforcement. Here, he served as the assistant director and assistant chief litigation counsel. During his tenure, Jordan was instrumental in developing the Whistleblower Program, which included drafting the proposed legislation as well as final implementing rules.

Through successful SEC enforcement actions, the SEC should pay whistleblowers between 10 and 30% of the collected monetary sanctions. This pay is based on sanctions that exceed $ 1 million. According to the program, if the $ 1 million threshold is met, whistleblowers will be entitled to additional awards, which are purely based on the collected monetary sanctions in relations to actions filed by different organizations engaged in regulatory and law enforcement. One crucial element of the Dodd-Frank Act is that it forbids employers to retaliate against whistleblowers who pursuant to the rules of the program, report to the SEC. If represented by an attorney, whistleblowers are free to report any possible securities violations anonymously. This information was originally reported on SEC Whistleblower Advocate as provided in the following link

If you are interested in knowing more about the SEC Whistleblower program or requesting a case evaluation, you should contact the whistleblower representation team through email, electronic submission (through the website) and by telephone. It is imperative to note that all the initial case evaluations and initial consultations are free. Better still, attorney-client privilege protects such consultations and case evaluations besides making them confidential. In the initial consultations, individuals are not coerced to provide any personal identifying information or names of security violators. Upon request, translation services are made available to international whistleblowers.

Learn more about the SEC Whistleblower lawyers