Financial Institutions, Civil Liability

Trump Administration Efforts to Eliminate Cartels Pose Heightened Risk for Financial Institutions

Bracewell LLP on 4/3/2025

As discussed in Bracewell’s February 11 and February 26 updates, the executive branch is prioritizing the “total elimination” of cartels and transnational criminal organizations, both through edicts from the Oval Office and...more

Designating Cartels as Terrorists: Potential Impact on U.S. Businesses

Woods Rogers on 2/11/2025

On his first day in office, President Trump signed an executive order (EO 14157) that sets in motion the designation of certain cartels and transnational crime gangs as terrorist organizations. The President declared a...more

Mexican Cartels as Foreign Terrorist Organizations: A New Era of Risk for Global Businesses

Guidepost Solutions LLC on 2/6/2025

On January 20, 2025, President Trump issued an executive order titled “Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists.” This directive instructs the...more

Banks – What Should You Know? Civil Liability for Failure to Detect Human Trafficking

Moore & Van Allen PLLC on 12/15/2022

In 2020, we wrote about the increased regulatory attention on financial institutions’ obligations to detect and respond to human trafficking. In 2021, we wrote about how anti-human trafficking programs fit squarely in banks’...more

AGs Urge Creation of Safe Harbor for Financial Institutions Serving Cannabis Businesses

Cozen O'Connor on 4/29/2022

Writing as co-chairs of the National Association of Attorneys General Federalism Committee, Ohio AG Dave Yost and Colorado AG Philip Weiser wrote a letter to Senate Majority Leader Chuck Schumer and Senate Minority Leader...more

Are You a Financial Institution? GLBA Law & Compliance

Oberheiden P.C. on 6/15/2021

The Gramm-Leach-Bliley Act (GLBA) is a federal law that establishes various legal requirements for companies that qualify as “financial institutions” under the Act. The GLBA’s definition of a “financial institution” is...more

Williams Mullen's COVID-19 Comeback Plan: Preparing Today for Tomorrow's PPP Audit

Williams Mullen on 8/25/2020

Part of the 2020 Business Solutions Series presented by by the Hampton Roads Alliance and Williams Mullen Charles E. “Chuck” James, Jr., co-chair of both the Firearms Industry Group and the White Collar & Investigations...more

[Webinar] The 2020 Business Solutions Series: Preparing Today for Tomorrow's PPP Audit - August 13th, 11:00 am - 11:30 am ET

Williams Mullen on 8/5/2020

Join us for a Zoom webinar to help you prepare for Paycheck Protection Program (PPP) audits. Topics include: - Background on the PPP and evolving guidance - Treasury oversight and audits - Role of the Special...more

FTC Flags COVID-19 Fraud & Abuse | $550 Million Subprime Auto Loan Settlement | Bank Accounts For Marijuana Businesses Urged

Cozen O'Connor on 5/22/2020

COVID-19- FTC Flags for COVID-19-Related Fraud and Abuse- •The Federal Trade Commission (“FTC”) and the Small Business Administration (“SBA”) sent joint letters to marketing company ITMedia Solutions, LLC (“ITMedia”)...more

First Circuit Confirms Broad Civil Immunity for Filing a SAR

Ballard Spahr LLP on 4/30/2019

As we previously blogged, the District of Massachusetts held in AER Advisors Inc. v. Fidelity Brokerage Services, LLC, that the safe harbor provision of the Bank Secrecy Act (BSA) provides unqualified protection to financial...more

Alabama’s Act Aimed at Prohibiting Financial Abuse of Elders – Should It Be Expanded to Cover Insurers and Insurance Agents?

Bradley Arant Boult Cummings LLP on 9/6/2018

Alabama’s Elder Abuse Act attempts to protect financial abuse of elders. But by not including insurance companies and insurance agents, does the Act go far enough?...more

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