News & Analysis as of

Remote Working Financial Services Industry

BakerHostetler

DSIR Deeper Dive: Information Governance - Communication Retention Challenges and a Return-to-Office Reaction

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Let’s say, once upon a time, you worked from home during the pandemic. If so, did you use a variety of communication methods (perhaps switching among different platforms, never sure which camera or microphone would be...more

A&O Shearman

FAQs: FCA “home visits”

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Post-pandemic most firms have settled into permanent hybrid working arrangements. Two years after the FCA published its statement reminding firms of its ability to visit “any location where work is performed […] including...more

BCLP

UK HR Two-Minute Monthly: March 2024

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Our March update includes a case on whether a theatre and agency could dismiss an actor playing a lesbian role because of her devout Christian beliefs, and a case looking at whether an employee who spends virtually all her...more

Alston & Bird

Majority of States Now Permit Remote Work for MLOs and Mortgage Company Employees

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A&B Abstract: On June 9, Illinois became the latest state in a growing trend to authorize remote work for mortgage loan originators and mortgage company employees. This makes five states joining the list of jurisdictions...more

Ballard Spahr LLP

­­­­Nevada enacts amendments allowing collection agency employees to work from remote locations

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The Nevada Legislature recently passed Senate Bill 276 (“SB 276”), which permits employees of Collection Agencies to work from remote locations and exempts certain entities from qualifying as a “Collection Agency.”  The...more

Alston & Bird

States Continue Trend Supporting Remote Work for MLOs and Mortgage Company Employees

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A&B ABstract: Effective July 1, Montana will become the latest jurisdiction to codify authorization for mortgage loan originators and mortgage company employees to engage in remote work. That legislation follows a general...more

Sheppard Mullin Richter & Hampton LLP

California DFPI Publishes New Guidance on Remote Work by MLOs

On February 27, the California Department of Financial Protection and Innovation (DFPI) issued new guidance with respect to the performance of remote work by mortgage loan originators (MLOs) working for licensees under the...more

J.S. Held

Off-Channel Communications: How Financial Services Organizations Can Address Regulators’ Latest Target

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As a number of recent headlines demonstrate, the U.S. Securities and Exchange Commission (SEC) and other regulators have fined and penalized employers and employees in the financial services industry for non-compliance with...more

Ballard Spahr LLP

Bill Proposed in Virginia to Permit Remote Work

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On January 17, 2023, House Bill No 2389 was offered to re-enact sections 6.2-1600 (Definitions) and 6.2-1607 (Licenses; places of business; changes) of the Code of Virginia with proposed amendments that would permit employees...more

Troutman Pepper Locke

Virginia Considering Legislation to Permit Remote Work for Employees of Licensed Mortgage Lenders and Brokers

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Following a trend started during the COVID pandemic, Virginia State Delegate Bill Wiley (R) introduced a bill, HB 2389 in the current legislative session of the Virginia General Assembly that would allow employees of a...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - V 4, Issue 1, January 2023

Big Boosts to Cybersecurity and Tech Funding in $1.7T Omnibus Bill Signed by Biden - “The bipartisan fiscal 2023 omnibus spending agreement includes $2.9 billion for the Cybersecurity and Infrastructure Security Agency, a...more

Ballard Spahr LLP

Washington Department of Financial Institutions Issues Regulations On Work From Home Effective December 31, 2022

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The Washington Department of Financial Institutions has adopted regulations effective December 31, 2022 to implement amendments to the Consumer Loan Act permitting licensed companies to allow licensed mortgage loan...more

Orrick, Herrington & Sutcliffe LLP

Washington issues work from home regulations

Recently, the Washington Department of Financial Institutions adopted regulations implementing amendments to the Consumer Loan Act and the Mortgage Broker Practices Act. ...more

Ballard Spahr LLP

State Work From Home Update

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We previously reported that the Oregon Division of Financial Regulation (the Division) amended its administrative rules pertaining to branch licensure to authorize remote work for licensed loan originators and employees. The...more

Mintz

Work From Home No More?

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During the past two and a half years, many white-collar employees worked from home, or, in some cases, from Starbucks, shared work spaces and even while attempting to vacation away from home. While the jury is still out on...more

Burr & Forman

FINRA Proposal Modernizes Supervision Rule to Recognize WFH

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On July 27, 2022, FINRA filed a proposed rule change with the SEC that would “modernize” its supervision rule to make permanent pandemic-related temporary exemptions that allowed limited-scope work-from-home (“WFH”) for...more

Seward & Kissel LLP

Relocation of a Private Fund Manager: Issues to Consider

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In the wake of the coronavirus-induced lockdown and the realization that technology allows firms to operate virtually anywhere, many private fund managers have relocated their headquarters to other locations in order to take...more

Mitratech Holdings, Inc

[Event] Interact 2022 - August 14th - 17th, Nashville, TN

Exclusive roadmap reveals, immersive Q&A with top product & industry experts, live product demos, electrifying presentations, co-innovation opportunities, and so much more— all coming to you live from the heart of Nashville,...more

Fisher Phillips

Forecast: March 2022 Edition

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Welcome to FP Forecast, a monthly outlook featuring Fisher Phillips thought leaders providing their insights into what employers can expect in 2022 and beyond. By following along each month, you’ll be in the best position to...more

A&O Shearman

FAQs: FCA “home visits”

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In the context of reminding firms about its expectations for hybrid working models, the UK Financial Conduct Authority (FCA) reminded firms last year that it has the ability to visit “any location where work is performed […]...more

Epstein Becker & Green

[Webinar] Future of Work Series: Part II: So You Have Mandated Vaccines – Now What? Financial Services Roundtable - August 25th,...

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This is Part II of a three-part series called, “The Future of Work.” The Three sessions of the series address many of the issues attendant to returning to the workplace. Panelists explore: - the implications of mandatory...more

BCLP

No Place Like Home: Heightened risks for companies due to Covid-19 and remote working arrangements

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As the COVID-19 pandemic evolves so, too, does the threat of economic crime. Recent reports into fraud since the start of the pandemic highlight the extent of this threat but also confirm that the banking and finance industry...more

Ballard Spahr LLP

States Issue Work-From-Home Guidance for Mortgage Lenders (UPDATED)

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In response to the COVID-19 pandemic, state mortgage regulators are daily issuing guidance (1) about whether work from home arrangements are permissible under their existing licensing requirements and/or (2) are granting...more

Latham & Watkins LLP

Corporate Culture: How to Attain Sustainable Change

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Culture has become a point of focus for regulators and corporate stakeholders. The UK Financial Conduct Authority has taken a particular interest in culture and conduct within the financial services sector following the...more

American Conference Institute (ACI)

[Virtual Event] Women Leaders in Financial Services Law and Compliance - December 4th, 8:30 am - 5:00 pm EST

Join ACI’s Women Leaders in Financial Services Law & Compliance and participate in comprehensive discussions regarding the challenges and opportunities facing women in finance and engage in conversations about the key legal...more

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