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Legal Disclaimer
You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.
Thursday, March 11, 2021
As part of a long-term trend of credit union consolidation and expansion, an increasing number of banks and savings associations have been acquired by credit unions over the past 10 years. Most of the banks and thrifts acquired by credit unions have been small, with total assets of around $300 million or less, and the great majority of such transactions in the past five years have involved bank targets with assets of between $100 million and $300 million. The number of such transactions peaked at 16 in 2019 before falling (with all other financial institution merger activity) in 2020; however, many analysts and the financial press expect that larger credit unions will continue to be expansionary and that the pace of credit union-bank deals may well accelerate in 2021 and 2022.
Thursday, March 11, 2021
As we discussed in our recent post “What to Expect from the SEC Under the Biden Administration,” market participants can expect a more vigorous SEC enforcement program under the new administration. President Biden’s nominee to chair the SEC, Gary Gensler, was known as a tough enforcer while serving as chairman of the CFTC during the financial crisis. If confirmed as SEC Chairman by the Senate, Mr. Gensler is sure to bring an assertive approach to SEC enforcement.
Investment advisers and fund managers would be wise to prepare for heightened regulatory scrutiny of their sectors in particular. In the recent past, the SEC relied heavily on deficiency letters from exam staff
One of the biggest current trends in the world of digital and decentralized assets is the NFT, or non-fungible token. In the past month, Grimes sold nearly $6 million of NFTs and Kings of Leon has pledged to come out with the first ever full rock album as an NFT. So…what the heck is an NFT?