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Lexology PRO | USA | 19 Jul 2023
US commercial contracts: key federal and state updates (6 – 19 Jul)
Michigan limits enforceability of contracts without quantity terms, the CFPB fines Bank of America for illegal fees, and Connecticut enacts a law limiting automatic renewal provisions – plus other key updates.
Covington & Burling LLP | USA | 7 Mar 2023
Lawsuit Accuses Bank of America of Misleading Companies About PPP Loans
A group of small businesses recently sued Bank of America in the Central District of California, alleging that it misled them about the terms of…
Lexology PRO | USA | 14 Feb 2023
US state anti-ESG laws: key implications for businesses
As pro-ESG and anti-ESG laws are passed in states across the US, businesses will need to consider carefully how to manage the conflicting requirements and the associated risks.
Riker Danzig LLP | USA | 17 Jan 2023
Florida Court Denies RESPA Claim Based on Mortgage & Promissory Note Rights Dichotomy
In the recently-decided matter of Fis v Newrez, LLC, LEXIS 233104 (SD Fla. Dec. 28, 2022, No. 22-81364), the United States District Court for the…
Crowell & Moring LLP | USA | 7 Nov 2022
State AG Updates: October 20-26, 2022
A bipartisan coalition of 35 Attorneys General submitted an amicus brief in Pharmaceutical Care Management Association v. Glen Mulready, et. Al. The…
Lexology PRO | USA | 4 Oct 2022
Fed names six banks for its “not a stress test” climate scenario exercise
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are set to undertake next year’s pilot climate scenario exercise with the Federal Reserve – but it’s definitely not a stress test, the central bank has insisted.
Lexology PRO | USA | 28 Sep 2022
US regulators issue $1.8 billion in fines over personal messaging usage
The SEC has announced a “first-of-its-kind group resolution” against 11 financial institutions for breaching rules governing the use of personal devices at work.
Lexology PRO | Global, USA | 27 Apr 2022
Major US banks reject “first of their kind” shareholder climate resolutions
Shareholders at Bank of America, Citigroup and Wells Fargo have refused to back to climate proposals from activist investors requiring them to implement stricter fossil fuel financing policies.
Lexology PRO | Asia-Pacific, Australia, Canada, etc. | 1 Feb 2022
CBDCs: how close are central banks to adoption?
How to make CBDCs more user-friendly, secure, and internationally aligned, are some of the focal areas as central banks around the world explore issuing digital currencies.
Lexology PRO | Belgium, European Union | 16 Jun 2021
EU blocks former bank cartelists from coronavirus bond issuances
The European Commission has banned ten banks – including Barclays and Deutsche Bank – from participating in certain bond sales to fund coronavirus recovery due to their previous cartel involvement.
