For followers of developments related to National Bank Act (NBA) preemption and the United States Supreme Court’s related decision in Cantero v. Bank of America, N.A., 602 U.S. 205 (2024), the waning days of 2024 proved...more
1/17/2025
/ Appeals ,
Banking Regulators ,
Banking Sector ,
Banks ,
Compliance ,
Dodd-Frank ,
Escrow Accounts ,
Financial Institutions ,
Financial Services Industry ,
Illinois ,
Interchange Fees ,
National Bank Act ,
OCC ,
Preemption ,
SCOTUS
With the amount of commercial real estate loans scheduled for maturity over the next several years expected to increase significantly, there is accompanying heightened risk that some borrowers may be unable to replace their...more
11/7/2024
/ Banking Sector ,
Banks ,
Borrowers ,
Commercial Loans ,
Commercial Real Estate Market ,
Lenders ,
Loans ,
New Guidance ,
OCC ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management
On June 6, 2023, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC, and collectively with the...more
For those tracking developments impacting the crypto-asset space, the summer has been far from slow and leisurely. Multiple industry alerts flow daily with news of new legislative proposals, enforcement actions, and other...more
In the fourteen years since the 2008 financial crisis, significant actions have been taken by Federal banking agencies to make the largest financial institutions more resilient and less likely to fail and to require planning...more
Late last year, news services reported on the results of the efforts of a black couple living in Northern California to challenge what they believed was an initial, discriminatory low-ball appraisal of their home. To test...more
Congress has voted to overturn the Office of the Comptroller of the Currency’s (“OCC’s”) “true lender” rule under the Congressional Review Act (“CRA”), and the President has signed the resolution. Repeal of the “true lender”...more
7/22/2021
/ Appeals ,
Banks ,
Congressional Review Act ,
FDIC ,
FinTech ,
Interest Rates ,
Loans ,
OCC ,
Predatory Lending ,
Preemption ,
True Lender