States seek to invalidate OCC true lender rule
January 08, 2021On January 5, the New York attorney general, along with the attorneys general from six other states and the District of Columbia f...
CFPB taskforce releases recommendations for modernizing consumer financial ...
January 08, 2021On January 5, the CFPB Taskforce on Federal Consumer Financial Law released a two volume report with approximately 100 recommend...
SBA releases PPP guidance and expansion rules
January 08, 2021On January 8, the Small Business Administration (SBA) announced the Paycheck Protection Program (PPP) will re-open the week of J...
OFAC amends Venezuela and Ukraine-related general licenses
January 08, 2021On December 23, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 5F, “Auth...
Court vacates mandatory disclosures and 30-day credit linking restriction i...
January 07, 2021On December 30, the U.S. District Court for the District of Columbia granted a payment company’s motion for summary judgment aga...
Congress overrides veto of NDAA with significant BSA/AML provisions
January 07, 2021On January 1, the U.S. Senate voted to override President Trump’s veto of the National Defense Authorization Act (NDAA) for F...
