The Small Business Administration (SBA) has statutory authority to establish federal Government-wide policies to implement the Small Business
On June 15, 2017, the Consumer Financial Protection Bureau ("CFPB") released proposed revisions to its final Prepaid Accounts Rule ("Final Rule")
Recent enforcement decisions within the digital advertising industry indicate a shift in--and a clarification of--the required disclosures for
On July 29, 2016, the board of directors of the Federal Deposit Insurance Corporation (FDIC) released a proposal regarding third-party lending
On July 25, 2016, the Small Business Administration (“SBA”) released a much-anticipated Small Business Mentor Protégé Programs Final Rule that
With prepaid products becoming more sophisticated, federal and state regulators are asking banks that offer such products to develop comprehensive risk-management policies and procedures to guard against potential fraud and money laundering.
After significant pressure from Congress and pursuant to a CARD Act mandate, on July 29, FinCEN published a rule amending the Bank Secrecy Act regulations to address “prepaid access.”
On July 28, the Massachusetts Attorney General (“AG”) entered into an Assurance of Discontinuance with a Massachusetts bank (in lieu of an enforcement action) regarding alleged violations of the state’s data security regulations, in which the bank agreed to comply with the regulations, as well as to pay a penalty of $7,500.
To infringe a patented method claim, all steps of the method must be performed.
In yet another reminder of the uncertainties involving the taxability of computer-related services, the Department of Taxation and Finance has ruled that “hosted marketing services” constitute the sale of prewritten software and are subject to sales and use tax to the extent accessed by clients in New York.