The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin and additional articles concerning the state of the auto market with inflation as well as the risky practices involved in ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding it approval of a final rule updating the CAMEL rating system that goes into effect April 1, ...
On March 9, 2022, President Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order sets the principal policy objectives of the Administration regarding digital assets ...
The Internal Revenue Service (IRS) has issued proposed regulations to required minimum distributions from qualified plans, section 403(b) annuity contracts and custodial accounts, individual retirement arrangements (IRAs), and eligible deferred compensation ...
Early this week FinCEN released that the comment period to the notice of proposed rulemaking requiring the reporting of beneficial ownership information has closed. This was the first in a ...
The California Privacy Protection Agency Board met this week to discuss the progress of the new California Privacy Protection Agency (CPPA) who is in charge of enforcing the California Privacy ...
The Third Circuit Court recently held in TitleMax of Delaware, Inc. v. Weissmann that application of Pennsylvania’s usury laws to lenders in Ohio, Virginia, and Delaware is not a violation ...
The Consumer Financial Protection Bureau (CFPB) released a statement on January 26th, 2022, announcing an initiative to address “exploitative junk fees” being charged to consumers in deposit and lending transactions. ...
The Federal Reserve Board, published a discussion paper on the potential of a Central Bank Digital Currency (CBDC). With this initial analysis, the Fed suggests that a U.S. CBDC would ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding its supervisory priorities for 2022 as well as an update on its examination program. In 2021, the ...