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June 11, 2024
In a highly anticipated opinion, the Fifth Circuit announced on June 5, 2024 its decision to vacate rules adopted by the Securities and Exchange Commission (SEC or the Commission) in...
February 27, 2024
The oral argument in Cantero v. Bank of America, N.A. will be heard on Tuesday, February 27 before the US Supreme Court. The Court recently granted the unopposed motion of the Solicitor...
February 15, 2024
The American Bankers Association (ABA) has issued a new white paper, โEffective Agency Guidance: Examining Bank Regulatorsโ Guidance Practices,โ that is intended to help agencies issue...
February 1, 2024
The scope of national bank preemption is currently before the U.S. Supreme Court in Cantero v. Bank of America, N.A. A New York statute requires the payment of interest on mortgage...
December 29, 2023
The scope of national bank preemption is currently before the U.S. Supreme Court in Cantero v. Bank of America, N.A. A New York statute requires the payment of interest on mortgage...
December 1, 2023
Brace yourselves! On March 30th, the CFPB unleashed the long-awaited Dodd-Frank Section 1071 Rule, and it's about to shake the finance world to its core. Thought the CRA...
September 2, 2023
WASHINGTON, D.C. – U.S. Sen. Cynthia Lummis. R-Wyo., joined U.S. Sen. John Kennedy, R-La., and six colleagues in sending a letter to the Biden administration’s Consumer Financial Protection Bureau, urging
June 15, 2023
CFPB Director Rohit Chopra addressed the impending decision on the CFPBโs constitutionality during a Senate Banking Committee hearing.
June 7, 2023
<p><span>Good morning. Thank you. Chairman and welcome to everyone joining us in person and virtually. &nbsp;Today we will consider a final rule on Governance Requirements for Derivatives Clearing Organizations (DCO), two proposed rules on Derivatives Clearing Organizations Recovery and Orderly Wind-down Plans and Amendments to Part 17 Large Trader Reporting Requirements and a proposed order/request for comments on European Union Non-Bank Swap Dealer Capital Comparability Determi...
April 29, 2023
The initial slate of electric vehicles qualifying for a new federal tax credit was announced in April. Key to eligibility is the source of critical minerals used in their batteries. While the list of acceptable nations of origin is still being worked out, theres an important practical question the IRS should ask: Do car makers really know where their critical minerals come from?