Business Law & Regulations, Finance
March 15, 2024
Via: LexBlogOn 15 March 2024, the Council of the EU published the updated text of the proposed Regulation amending the Single Euro Payments Area Regulation, the Cross-Border Payments Regulation, the Settlement Finality Directive and the Second Payment Services Directive as regards […]
Business Law & Regulations, Finance
March 4, 2024
Via: LexBlogAfter targeting credit card late fees in its proposed rule, the CFPB has set its sights on further attacking credit card pricing through interest rates. The CFPB published a blog late last month stating that credit card interest rate margins […]
Business Law & Regulations, Finance
February 20, 2024
Via: JD SupraEmployers with Massachusetts-based employees know that the Massachusetts Wage Act (the “Wage Act”), with its strict liability and automatic treble damages and attorneys’ fees, is a powerful and exacting statute with which they must comply. Powerful as it may be […]
Business Law & Regulations, Finance
February 19, 2024
Via: LexBlogThe CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget (OMB) for the collection of additional auto finance data pursuant to its authority under the Dodd-Frank Act […]
Business Law & Regulations, Finance
February 9, 2024
Via: National Law ReviewOn February 1, 2024, the California Civil Rights Department (CRD), the agency responsible for administering California’s pay data collection, issued updated guidance for the 2023 California pay data reports that are due May 8, 2024. The new guidance largely maintains […]
Business Law & Regulations, Finance
February 5, 2024
Via: LexBlogFamily members who enter into a private business together are taking on double risk. They face the same types of challenges that all owners and investors face in operating/investing in a business, but they are also exposed to the risk […]
Business Law & Regulations, Finance
January 19, 2024
Via: LexBlogIn furtherance of the Biden Administration’s “junk fee” agenda, on January 17, 2024, the Consumer Financial Protection Bureau issued its proposed rule to amend Regulations E and Z to regulate overdraft services provided by “very large financial institutions” (an insured […]
Business Law & Regulations, Finance
December 5, 2023
Via: JD SupraUnlike “general” personal jurisdiction, which allows a court to hear all claims against a defendant as long as that defendant is “at home” in the state, “specific” jurisdiction applies to defendants with less intimate ties to the forum state but […]
Business Law & Regulations, Finance
November 9, 2023
Via: JD SupraOn October 31, 2023, the Department of Labor (“DOL”) issued a much-anticipated proposal to amend its 1975 “investment advice fiduciary” regulation, which defines when a person who provides investment advice for a fee or other compensation to a retirement plan […]
Business Law & Regulations, Finance
October 24, 2023
Via: LexBlogOn October 19, 2023, the Consumer Financial Protection Bureau (CFPB) announced its long-awaited proposed rule regulating “Personal Financial Data Rights” (the proposed rule). The proposed rule implements Section 1033 of the Dodd-Frank Act, which provides consumers the right to access […]
Business Law & Regulations, Finance
October 11, 2023
Via: LexBlogThis week, the Federal Trade Commission (FTC) released a Proposed Rule, “Rule on Unfair or Deceptive Fees.” The Proposed Rule comes after the FTC solicited comments through its Advance Notice of Proposed Rulemaking in November 2022. The Proposed Rule would […]
Business Law & Regulations, Finance
September 19, 2023
Via: National Law ReviewAs our economy enters a period of financial stress, consumers are leaning toward options that provide flexibility in purchases. Larger-priced items become a deterrent as families and businesses struggle to make ends meet. We all need financial relief while still […]
Business Law & Regulations, Finance
September 14, 2023
Via: EntrepreneurWhen you think of long-term wealth creation, it’s hard to overlook passive income. Thinking of personal finance, passive income promises a steady financial inflow even when you aren’t working anymore. Some sources of passive income even promise the dream of […]
Business Law & Regulations, Finance
August 3, 2023
Via: LexBlogOn August 1, the U.S. Court of Appeals for the Tenth Circuit upheld a trial court’s order granting summary judgment in favor of a debt buyer holding that claim preclusion barred the plaintiff’s claims brought under the Fair Debt Collections […]
Business Law & Regulations, Finance
July 19, 2023
Via: LexBlogIn a recent article by Tax Notes, tax experts expressed their concerns and hopes for the influx of funding granted to the IRS via the Inflation Reduction Act. Gray Reed Partner Joshua Smeltzer was one of the experts interviewed. Board […]
Business Law & Regulations, Finance
July 10, 2023
Via: LexBlogA Pennsylvania federal district court has ruled that the plaintiffs’ allegations that notices of repossession sent by a bank failed to comply with the state’s Motor Vehicle Sales Finance Act (MVFSA) were sufficient to state a claim under the Pennsylvania […]
Business Law & Regulations, Finance
July 5, 2023
Via: LexBlogOn June 25, 2023, US Federal Reserve Board (FRB) Governor Michelle W. Bowman gave a speech that outlined her views of the best path forward for regulatory reform in the wake of the spring 2023 US bank failures (for more […]
Business Law & Regulations, Finance
June 27, 2023
Via: National Law ReviewChallenging economic conditions have made it even more attractive for certain General Partners (GPs) to seek to maintain existing assets owned by fund vehicles. Continuation funds offer GPs a mechanism for doing this by moving assets owned by an existing […]
Business Law & Regulations, Finance
June 26, 2023
Via: JD SupraAs covered in our prior alerts, the Inflation Reduction Act[1] (IRA) modified and reinstated existing renewable energy credits, enacted new renewable energy credits, and enacted under § 6417 an election that allows applicable taxpayers to treat the amount of certain […]
Business Law & Regulations, Finance
June 23, 2023
Via: LexBlogOn 22 June 2023, the European Banking Authority (EBA) published a final report on the draft Implementing Technical Standards (ITS) amending Commission Implementing Regulation (EU) No 650/2014 laying down ITS with regard to the format, structure, contents list and annual […]