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Financial Services Blog Blog

Articles: 1-10 of 79

Mulvaney Issues Report Outlining Proposals to Reform CFPB

USA - April 17 2018 Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued its Semiannual Report (the “Report”) to the President and Congress...

Tax Reform’s Impact on Financing Strategies

USA - April 4 2018 As more of the dust settles after the December 2017 passage of the Tax Cuts and Jobs Act, P.L. 115-97, borrowers and lenders alike are reconsidering…

Banks, Broker-Dealers and Other Financial Institutions Face May 11 Deadline To Comply with FinCEN’s Customer Due Diligence Rule

USA - April 2 2018 Six years after the Financial Crimes Enforcement Network (FinCEN) originally proposed its Customer Due Diligence (CDD) Rule, the deadline for…

Florida Passes Bill to Stop Bankruptcy Debtors From “Having Their Cake and Eating It Too”

USA - March 26 2018 On March 20, Florida Governor Rick Scott signed Senate Bill 220 into law. The bill is designed to limit the ability of defendants in foreclosure…

FTC Reaches Settlement With Debt Collector; Imposes Financial Penalties and Other Remedies

USA - December 29 2017 On Dec. 5, 2017, the Federal Trade Commission reached a settlement with three defendants who it alleged partook in deceptive, abusive and unfair debt…

SEC Acts on Cryptocurrencies and ICOs

USA - December 14 2017 In the past few years, and particularly in the past few months, cryptocurrencies or digital currencies - most notably bitcoin and ether - have surged…

Cordray to Resign as CFPB Director

USA - November 16 2017 In an email to CFPB staff on Wednesday, Director Richard Cordray announced that he will resign by the end of November. Although it is rumored that…

SEC Advisory Committee To Discuss Implications of Blockchain for Securities Markets - No Action Imminent

USA - October 2 2017 Blockchain technology has made the agenda for the October 12, 2017 meeting of the SEC’s Investment Advisory Committee, the SEC announced on September…

CFPB alleges disparate treatment in Amex’s US territories’ credit and collection practices

USA - September 26 2017 The Consumer Financial Protection Bureau (CFPB) has issued a Consent Order addressing alleged disparate treatment by banks in overseas territories of…

Second Circuit Dismisses FACTA Class Action Under Spokeo

USA - September 21 2017 The Second Circuit’s Sept. 19, 2017 decision in Katz v. The Donna Karan Company, LLC, et al., Dkt. No. 15-464, has potentially provided a new road map…