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On December 30, 2020, the CFPB approved Synchrony Bank’s application to offer a “dual-feature credit card” (DFCC) under the CFPB’s Compliance Assistance Sandbox (CAS) policy. According to Synchrony’s application, the DFCC allows consumers to graduate from a secured-use credit card to an unsecured feature after at least one year and if the customer satisfies certain eligibility criteria.
The CAS policy, which was finalized in September 2019, has the “primary purpose” of “provid[ing] a mechanism through which the Bureau may more effectively carry out its statutory purpose and objectives by better enabling compliance in the face of regulatory uncertainty.” The CFPB’s approval of an application under the CAS policy “enable[es] compliance in the face of regulatory uncertainty.” Since September 2019, the CFPB has approved one other application under the CAS policy for Payativ, Inc., involving what it des
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Bradley Arant Boult Cummings LLP issued the following announcement on Jan. 5.
Bradley attorney Ryan Robichaux was elected chair of the Alabama State Bar s (ASB) Elections, Ethics and Government Relations Law section for 2021. The section addresses professional development, improvement of laws and continuing legal education related to elections, ethics and government relations law.
ASB is the official statewide organization of lawyers in Alabama and is dedicated to promoting the professional responsibility and competence of its members, improving the administration of justice and increasing the public understanding of and respect for the law.
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Personnel Moves: Workspace Innovator Vari Expands Executive Team
Plus, Liberty Capital Bank revamps its C-Suite, Comerica adds regional manager, Dallas Summer Musical appoints new board members, and more.
By Kelsey Vanderschoot
Published in
Business & Economy
January 12, 2021
7:22 am
Local office furniture and real estate innovator
Vari has hired Kevin Wierenga to join its executive team as senior vice president of sales.
Kevin Wierenga, Vari
Wierenga brings with him extensive experience, including a 15-year tenure at Office Depot, where he ultimately served as managing director of North America. Most recently he served as vice president of sales and strategy for furniture maker Poppin.
An important update to Georgia’s statutory lien waiver laws took effect on January 1, 2021. The amendment to Georgia’s mechanic’s lien law alters the form for interim and final lien.
Employers often ask, “Can this worker be an independent contractor?” The answer is often unclear due to the different tests for employee versus independent contractor status, which vary.