In November 2018, Missouri voters passed Amendment 2, setting in motion state regulated medical marijuana. Over the last month, the Missouri Department of Health & Senior Services (DHSS) began approving license applications...more
1/15/2020
/ Agribusiness ,
Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Controlled Substances Act ,
Credit Unions ,
Currency Transaction Reports (CTR) ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
Federal v State Law Application ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Food and Drug Administration (FDA) ,
Hemp Cultivation ,
Hemp Related Businesses ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Foods ,
Medical Marijuana ,
Plant Based Products ,
Policies and Procedures ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
State and Local Government ,
Suspicious Activity Reports (SARs)
On September 25, 2019, the U.S. House of Representatives overwhelmingly passed the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The purpose of the SAFE Act is to increase banking access for cannabis businesses by...more
The Volcker Rule Under the Trump Administration -
The so-called Volcker Rule—named after Paul Volcker, a former chairman of the Federal Reserve Board—was part of the Dodd-Frank Wall Street Reform and Consumer Protection...more
1/25/2017
/ Advertising ,
Airspace ,
American Bankers Association ,
Americans with Disabilities Act (ADA) ,
Annuities ,
Banking Sector ,
Banks ,
Breach of Contract ,
Breach of Warranty ,
CFTC ,
Charitable Remainder Trust ,
Civil Liability ,
Commercial Insurance Policies ,
Commercial Loans ,
Credit Unions ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Design Defects ,
Disability Discrimination ,
Dodd-Frank ,
Drones ,
Estate Tax ,
FDIC ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Final Rules ,
Financial Institutions ,
Financial Instruments ,
Financial Markets ,
Hedge Funds ,
Independent Community Bankers of America (ICBA) ,
Land Use Restrictions ,
Marijuana ,
Medical Marijuana ,
NCUA ,
Negligence ,
Nonconforming Use ,
OCC ,
Property Owners ,
Proprietary Trading ,
Public Access Laws ,
Risk Management ,
Securities ,
Securities and Exchange Commission (SEC) ,
Service Animals ,
Third-Party Liability ,
Trading Platforms ,
Trump Administration ,
Trust Administration ,
Unfair or Deceptive Trade Practices ,
Unmanned Aircraft Systems ,
Urban Planning & Development ,
Volcker Rule ,
Website Accessibility
We are thrilled to bring you the third installment of Stinson Leonard Street's Emerging Trends newsletter. We are proud of the depth and breadth of experience and knowledge across our firm's 13 offices nationwide and are...more
10/17/2016
/ Acquisitions ,
Americans with Disabilities Act (ADA) ,
Automotive Industry ,
CFTC ,
Chemicals ,
Class Action ,
Confidentiality Agreements ,
Connected Cars ,
Controlling Stockholders ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Retention ,
Department of Justice (DOJ) ,
Disability Discrimination ,
Disgorgement ,
Dodd-Frank ,
Drinking Water ,
Driverless Cars ,
Employee Training ,
Enforcement Actions ,
Entire Fairness Standard ,
Fiduciary Duty ,
Financial Institutions ,
Geolocation ,
Incident Response Plans ,
Mergers ,
Mobile Apps ,
New Amendments ,
Niantic Inc. ,
Nintendo ,
NYDFS ,
OEHHA ,
OSHA ,
Pokemon ,
Proposition 65 ,
Public Nuisance ,
Regulatory Oversight ,
Risk Management ,
Safe Harbors ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Severance Agreements ,
Smartphones ,
Statute of Limitations ,
Technology ,
Teva Pharmaceuticals ,
Third-Party Service Provider ,
Toxic Chemicals ,
Toxic Exposure ,
Vendors ,
Video Games ,
Virtual Reality ,
Warning Labels ,
Website Accessibility ,
Websites ,
Whistleblowers
On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more
10/17/2016
/ Banking Sector ,
Banks ,
Comment Period ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Retention ,
Employee Training ,
Encryption ,
Financial Institutions ,
Financial Services Industry ,
Incident Response Plans ,
NYDFS ,
Policies and Procedures ,
Popular ,
Risk Assessment ,
Risk Management ,
Third-Party Service Provider ,
Vendors
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long awaited and highly controversial proposed rule that, if adopted, would prohibit certain financial services companies from banning consumer class...more
7/25/2016
/ Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Mandatory Arbitration Clauses
We are thrilled to bring you the 2nd installment of Stinson Leonard Street's Emerging Trends newsletter.
Recent Delaware Supreme Court Opinion Limits General Personal Jurisdiction for Foreign Corporation -
Recent...more
7/20/2016
/ Arbitration ,
B Corporation ,
Banks ,
Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
DE Supreme Court ,
Fair Labor Standards Act (FLSA) ,
Fantasy Sports ,
FFIEC ,
Financial Institutions ,
FinTech ,
Foreign Corporations ,
Form S-1 ,
Injury-in-Fact ,
IRS ,
Malware ,
Minimum Wage ,
Online Gaming ,
Over-Time ,
Personal Jurisdiction ,
Phishing Scams ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Spokeo v Robins ,
Sports Gambling ,
Tipped Employees ,
Vacation Leave ,
Wage and Hour
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long-awaited and highly-controversial proposed rule that, if adopted, would prohibit certain financial services companies from banning consumer class...more
5/13/2016
/ Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Mandatory Arbitration Clauses ,
Public Comment ,
Service Contracts
On March 7, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it now accepting complaints from consumers related to problems with loans from online marketplace lenders. The CFPB also announced the release...more
On March 1, 2016, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report for February 2016, which provides an overview of three-month trends in consumer complaints. This Monthly Report...more
On December 22, 2015, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report for November 2015, which provides an overview of three-month trends in consumer complaints. This Monthly...more
On October 27, 2015, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report, which provides an overview of three-month trends in consumer complaints. This Monthly Complaint Report also...more
11/2/2015
/ Bank of America ,
Banking Sector ,
Banks ,
Capital One ,
Citibank ,
Consumer Complaint System ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Debt Collection ,
Debt Collectors ,
Equifax ,
Experian ,
Financial Institutions ,
GE Capital Retail Bank ,
JPMorgan Chase
CFPB Takes Action Against Servicemember Auto Lender Security National Automotive Acceptance Company -
On October 28, 2015, the Consumer Financial Protection Bureau (CFPB) filed an administrative order against Security...more
10/30/2015
/ Automotive Industry ,
Automotive Loans ,
Colleges ,
Commercial Bankruptcy ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Default Judgment ,
Delinquency Status ,
Delinquent Borrowers ,
Educational Institutions ,
Final Judgment ,
Financial Institutions ,
Illegal Conduct ,
Military Service Members ,
Private Student Loans ,
Tuition ,
Wage Garnishment
On October 8, 2015, the Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin concerning marketing services agreements (MSAs) under the Real Estate Settlement Procedures Act (RESPA).
RESPA -
RESPA...more
10/14/2015
/ Appraisal ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Financial Institutions ,
Inspections ,
Kickbacks ,
Marketing Services Agreements ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgages ,
Real Estate Agents ,
Real Estate Brokers ,
Referral Fees ,
Residential Real Estate Market ,
RESPA ,
Self-Reporting
On October 7, 2015, the Consumer Financial Protection Bureau (CFPB) announced that it is considering proposing rules that would prohibit companies from including in consumer contracts arbitration clauses that prevent...more
10/9/2015
/ Arbitration ,
Arbitration Agreements ,
Automotive Loans ,
Bank Accounts ,
Banking Sector ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
Financial Institutions ,
Loans ,
Money Transfer ,
Payday Loans ,
Prepaid Payment Products ,
Private Student Loans
On October 1, 2015, the Consumer Financial Protection Bureau (CFPB) announced its second enforcement action in three days against an indirect auto finance company. In its latest action, the CFPB took aim at indirect auto...more
10/2/2015
/ Automotive Industry ,
Automotive Loans ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Disclosure Requirements ,
Dodd-Frank ,
Enforcement Actions ,
FDCPA ,
Financial Institutions ,
Loans ,
Truth in Lending Act (TILA)
On September 28, 2015, the Consumer Financial Protection Bureau (CFPB) announced two separate actions against Fifth Third Bank. The first action—brought only by the CFPB—relates to Fifth Third Bank’s marketing of credit card...more
9/29/2015
/ Automotive Industry ,
Automotive Loans ,
Banking Sector ,
Banks ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Department of Justice (DOJ) ,
ECOA ,
Enforcement Actions ,
Fees ,
Financial Institutions ,
Restitution ,
Telemarketing
On September 24, 2015, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint action against Hudson City Savings Bank, F.S.B. (Hudson).
The complaint alleges that Hudson...more
9/25/2015
/ Banking Sector ,
Banks ,
Civil Monetary Penalty ,
Community Reinvestment Act ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Financial Institutions ,
Loans ,
Mortgage Brokers ,
Mortgages ,
Race Discrimination ,
Redlining
On September 22, 2015, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report, which provides an overview of three-month trends from consumer complaints.
According to the Monthly...more
In November 2013, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (“CFPB”) combined various federal mortgage disclosures that lenders are required to...more
9/22/2015
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Disclosure Requirements ,
Dodd-Frank ,
Financial Institutions ,
Lenders ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Residential Real Estate Market
The Consumer Financial Protection Bureau, or CFPB, was created to enforce various consumer finance laws like the Equal Credit Opportunity Act, Fair Credit Reporting Act, Fair Debt Collection Practices Act, Home Mortgage...more
9/9/2015
/ Banking Sector ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Creditors ,
Debt Collectors ,
Depository Institutions ,
Financial Institutions ,
Loans ,
Regulatory Oversight ,
Residential Real Estate Market
The Consumer Financial Protection Bureau (“CFPB”) was created to enforce the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) and various consumer finance laws (e.g., Equal Credit Opportunity...more
7/22/2015
/ Appraisal ,
Banking Sector ,
Banks ,
Check Cashing ,
CID ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
ECOA ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Institutions ,
HMDA ,
Internal Investigations ,
Real Estate Market ,
Truth in Lending Act (TILA) ,
Young Lawyers