Plaintiffs Pursuing Increased Class Action Breach of Contract Claims for Overdraft Fees and Charges Against Customers -
“With plaintiff attorneys seeing potential large dollar settlements and verdicts, along with increased...more
US Senators Ask SoFi About Its Banking Law Compliance =
“Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...more
12/7/2022
/ American Bankers Association ,
Bank Holding Company ,
Banking Sector ,
Banks ,
Biden Administration ,
Commercial Bankruptcy ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Cards ,
Cryptocurrency ,
Digital Currency ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
Non-Bank Lenders ,
Overdraft Fees ,
Regulatory Agenda ,
Regulatory Oversight ,
Scams
Schumer: Senate ‘Very Close’ To Passing SAFE Banking Act -
“The House of Representatives passed the bill for the sixth time earlier this year.”
Why this is important: The passage of the Secure And Fair Enforcement...more
11/21/2022
/ Agribusiness ,
Banking Sector ,
Cannabis-Related Businesses (CRBs) ,
College Athletes ,
Credit Unions ,
Cryptoassets ,
Cryptocurrency ,
Debt Restructuring ,
Decriminalization of Marijuana ,
Dispensaries ,
Environmental Social & Governance (ESG) ,
FDIC ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Marijuana ,
Name and Likeness ,
NCAA ,
Regulatory Oversight ,
Small Business
Virtually All PPP Loans have been Forgiven with Limited Scrutiny -
"More than two years later, the overwhelming majority of these loans have transformed into government grants, as 91% have been either fully or partially...more
Is SAFE Banking Act Getting Closer to Passage? Senators Agree Public Safety Issues are at Play
"Sen. Jeff Merkley (D-OR), the sponsor of the SAFE Banking Act, talked about violent crime targeting marijuana businesses and...more
Biden Signs Bills Aimed at Catching Pandemic Business Loan Cheats -
"President Joe Biden signed a pair of bills that will give the Justice Department more time to investigate and prosecute people accused of fraudulently...more
Can an Effort to Revamp Anti-Redlining Lending Law Survive the Swamp?
"The first major overhaul of the Community Reinvestment Act since 1995 wins praise, but some advocates say it falls short on closing the racial lending...more
SOFR Gaining Momentum as Drop Dead Date for Libor Nears -
"Transition from US dollar Libor to its preferred alternative, SOFR, is going surprisingly well, though treasurers are having to grapple with some operational...more
A New Lawsuit Against Trump’s Section 230 Executive Order Argues It Chills Speech about Voting -
"The suit accuses the president of using the order to retaliate against Twitter, infringing on the public's right to receive...more
9/15/2020
/ Biometric Information Privacy Act ,
Chilling Effect ,
China ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Cryptoassets ,
Digital Currency ,
Due Process ,
Executive Orders ,
First Amendment ,
Free Speech ,
Lack of Evidence ,
Laptop Computers ,
Microsoft ,
Mobile Apps ,
Payment Methods ,
Public Schools ,
Remote Learning ,
Retaliation ,
Right to Vote ,
Secretary of Commerce ,
Section 230 ,
Technology Sector ,
Terrorism Funding ,
TikTok ,
Trump Administration ,
Twitter ,
Voting Rights ,
WeChat
Both houses of the United States Congress have now passed the CARES Act and sent it to the President for his expected signature. Among the provisions in the 880-page Act are critical ones dealing with aid to small businesses,...more