Last week the Consumer Financial Protection Bureau (“CFPB”) issued its Fall 2022 Rulemaking Agenda (“Fall Agenda”). The Fall Agenda is significantly longer than the Spring 2022 Rulemaking Agenda and includes ...
The joint statement addressing crypto-asset risks to banking organizations was issued by the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and ...
The New York Department of Financial Services (“NYDFS”) released guidance for banking organizations that wish to engage in virtual currency-related activities. In 2015, the NYDFS adopted 23 NYCRR Part 200, ...
The Consumer Financial Protection Bureau (CFPB) recently issued its final rule increasing the asset exemption threshold under the Home Mortgage Disclosure Act (HMDA) and a final rule increasing the asset ...
On December 23, 2022, the Consumer Financial Protection Bureau (CFPB) issued its final rule regarding the 2023 annual adjustments for several provisions implementing the Truth in Lending Act (TILA) and ...
Following months of speculation, SECURE Act 2.0 was passed by Congress on Friday, December 23, 2022, as part of the federal government’s massive $1.7 trillion year-end spending bill. Much like ...
The Consumer Financial Protection Bureau (“CFPB”) recently published new versions of its “What You Should Know About Home Equity Lines of Credit” brochure. An updated booklet should be provided to ...
The Federal Reserve Board adopted a final rule implementing the Adjustable Interest Rate (LIBOR) Act. The U.K. Financial Conduct Authority announced it would phase out LIBOR with a sunset in ...
On December 12th the Consumer Financial Protection Bureau (“CFPB”) published a proposed rule titled “Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders.” The rule is directed ...
The long-awaited final version of the 2023 Form W-4R was released by the IRS late in the day on December 15, 2022. With this release date, to be compliant with ...