News & Commentary on Financial Regulatory and Compliance Matters
11th Circuit
11th Circuit Answers When Would-Be ‘Customers’ May Bring a FINRA Arbitration Against FINRA Members and Associated PersonsFDCPA – 11TH Circuit: Kinlock v. Wells Fargo Bank – Post-Foreclosure Offers of Financial Assistance to Defaulted Borrower Not Violative of FDCPA/Florida Consumer Collection Protection Act Anti-Money Laundering
FinCEN and BIS Warn Financial Institutions About Potential Evasion of Russian and Belarusian Export ControlsFinCEN Launches Rulemaking Process to Implement Reporting Requirements for Real Estate SectorNew Report Shows Majority of ‘Financial Action Task Force’ Countries Have Not Implemented Virtual Asset Guidance Blockchain Technology Task Force
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateFinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset TransactionsThe OCC and SEC’s FinHub Issue Guidance on Fiat-Backed Stablecoin Reserves Brokers
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Proposes Exemption from Registration for FindersSEC Issues No-Action Letter Facilitating the Secondary Trading of Digital Assets CFPB
CFPB Circular 2022-03: Complex Lending Algorithms Cannot Excuse Failure to Provide Specific, Principal Reasons for an Adverse Credit DeterminationDeputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Issue Consumer Financial Protection Circulars to Increase Transparency and Align Enforcement Client Alert
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateCFPB Metrics Report Shows Increased Scrutiny of Borrower Access to Servicers, Information, and Loss Mitigation OpportunitiesCFPB Advisory Opinion Clarifies that ECOA Applies Throughout Credit Lifecycle Compliance
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateCFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to ConsumersCFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products Consumer Financial Services
Deputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Issue Consumer Financial Protection Circulars to Increase Transparency and Align EnforcementCFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products Consumer Lending
Deputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Issue Consumer Financial Protection Circulars to Increase Transparency and Align EnforcementCFPB Metrics Report Shows Increased Scrutiny of Borrower Access to Servicers, Information, and Loss Mitigation Opportunities convertible virtual currency
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateFinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset TransactionsSEC Issues No-Action Letter Facilitating the Secondary Trading of Digital Assets Events
Webinar – Aug. 20: LIBOR Phaseout - Preparing for the Beginning of the EndGreenberg Traurig’s Nanette Aguirre to Speak at Florida Alternative Investment Association Global Macro Perspective 2018Greenberg Traurig Shareholders Jennifer Weddle and Gil Rudolph to Speak at 2017 Tribal Financial Regulators Conference Financial Regulation
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateDeputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to Consumers FINRA
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities Regulations2022 Report on FINRA’s Examination and Risk Monitoring Program2021 SEC Examination Priorities for Securities Industry Registrants GT Alert
FinCEN and BIS Warn Financial Institutions About Potential Evasion of Russian and Belarusian Export ControlsCFPB Circular 2022-03: Complex Lending Algorithms Cannot Excuse Failure to Provide Specific, Principal Reasons for an Adverse Credit DeterminationFlorida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State Regulatory Compliance
FinCEN and BIS Warn Financial Institutions About Potential Evasion of Russian and Belarusian Export ControlsCFPB Circular 2022-03: Complex Lending Algorithms Cannot Excuse Failure to Provide Specific, Principal Reasons for an Adverse Credit DeterminationDeputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection Laws Risk
CFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to ConsumersSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting RequirementNatural Disasters are Getting Worse: Protecting Yourself from Investment and Donation Scams Seeking to Exploit Natural Disaster Relief SEC
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Issues Long-Awaited Proposed Rule on Climate DisclosuresSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting Requirement Securities
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Issues Risk Alert Regarding Registered Investment Companies2021 SEC Examination Priorities for Securities Industry Registrants Securities and Exchange Commission
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Chair Continues Push to Regulate Digital Asset MarketsSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting Requirement U.S. Financial Market
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Proposes Rule Changes to Mutual Fund and Exchange Traded Fund DisclosuresInteragency Guidance for Financial Institutions on Coronavirus Disease-Related Loan Modifications Virtual Currency
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateSEC Chair Continues Push to Regulate Digital Asset MarketsNew Report Shows Majority of ‘Financial Action Task Force’ Countries Have Not Implemented Virtual Asset Guidance
