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Can Cannabis Banking Work? Growing Interest in a Federal Safe Harbor

USA - May 1 2019 With over half of states legalizing cannabis for medical or recreational use,1 the legal cannabis industry in the United States grew to over $10.4...

Kelsey Sullivan, Lara Kaplan, Lawrence D. Kaplan.

CFPB Payday Rule: A Ban or a Blueprint for the Future of Short-Term Consumer Lending?

USA - October 19 2017 The Consumer Financial Protection Bureau (the “CFPB” or “Bureau”) recently issued the long-awaited final rule concerning Payday, Vehicle Title, and...

Paul Yu, Maya McKenzie, Chris Daniel, Lawrence D. Kaplan.

The New York State Industrial Appeals Board Invalidates Controversial Regulations Governing Methods of Wage Payment

USA - February 23 2017 Controversial regulations governing methods of wage payment in New York were ruled invalid by the State of New York Industrial Appeals Board (the...

Gerald (Gerry) S. Sachs, Emily R. Pidot, Cathy S. Beyda, Kelsey Sullivan.

Are You Ready to Comply with the CFPB’s Final Amended Mortgage Servicing Rules?

USA - August 10 2016 The Consumer Financial Protection Bureau (the “Bureau” or “CFPB”) released final amendments to its 2013 Mortgage Servicing Rules (the “Final Amended...

Gerald (Gerry) S. Sachs.

CFPB Proposes New Rule Targeting Small Dollar Loans, Relies on UDAAP Rulemaking Authority for First Time

USA - June 14 2016 The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) proposed new regulations on June 2, 2016 to reform certain small dollar lending...

Gerald (Gerry) S. Sachs, Alexandra L. Anderson, Lauren Kelly D. Greenbacker, Thomas P. Brown, Lawrence D. Kaplan.