The 2025 Virginia General Assembly session concluded in May. During this term, legislators passed a variety of bills that will impact financial services. The more significant legislation is summarized below...more
7/1/2025
/ Banking Sector ,
Consumer Protection Laws ,
Disclosure Requirements ,
Fees ,
Financial Institutions ,
New Legislation ,
Non-Compete Agreements ,
Real Estate Transactions ,
Regulatory Reform ,
Trusts ,
Virginia
Most privately held domestic and foreign companies doing business in the United States must now report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN)...more
As consumer demand for bitcoin rises, a small but growing number of community banks are working with their vendors to allow customers to buy, hold, and sell bitcoin and other digital assets. These efforts involve a bank’s...more