Buckley LLP’s InfoBytes Blog monitors and reports on news, legal developments and legislative actions affecting the financial services industry. With a focus on issues ranging from fair lending to consumer financial services regulation and the CFPB, InfoBytes Blog is a comprehensive and timely source for in-house counsel and industry executives to stay abreast of developments affecting their industry.
Articles: 1-10 of 9274
OFAC sanctions the leader of Russian private military group in Mali
Mali, USA - June 6 2023 Recently, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions, pursuant to Executive Order 14024, against a…
OFAC issues new general licenses related to Russia and Venezuela sanctions
Russia, USA, Venezuela - June 6 2023 The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) recently released two general licenses relating to Russia and Venezuela. Newly…
NYDFS circulates security advisory about file transfer vulnerability
USA - June 6 2023 On June 2, NYDFS notified all regulated entities that an identified SQL injection vulnerability found in a web application of a managed file transfer…
FTC, DOJ sue e-commerce company over children’s data retention practices
USA - June 6 2023 On May 31, the DOJ filed a complaint on behalf of the FTC against a global e-commerce tech company for allegedly violating the Children’s Online…
SEC fines tech company $2.5 million to settle FCPA charges
USA - June 6 2023 On May 26, the SEC announced that a Connecticut-headquartered tech research and consulting company (the “settling company”) agreed to pay nearly $2.5…
OFAC sanctions cut cashflow supporting violence in Sudan
USA - June 6 2023 On June 1, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions, pursuant to Executive Order 14098, against…
CFPB looks at mortgage-pricing differences
USA - June 2 2023 On May 24, the CFPB reported price dispersion trends in the mortgage industry, finding that borrowers could save at least $100 per month by choosing…
Bank to pay $1 billion to settle investors’ compliance claims
USA - June 2 2023 Last month, the U.S. District Court for the Southern District of New York preliminarily approved a securities litigation settlement that would…
CFPB says overdraft/NSF revenue has been cut in half
USA - June 2 2023 On May 23, the CFPB published another data spotlight reporting on overdraft/non-sufficient fund (NSF) fee trends. Earlier in the month, the Bureau…
Minnesota enacts small-dollar consumer lending and money transmitter amendments; Georgia and Nevada also enact money transmission provisions
USA - June 2 2023 On May 24, the Minnesota governor signed SF 2744 to amend several state statutes relating to financial institutions, including provisions concerning…
