On July 26, 2022, the Office of the Comptroller of the Currency (OCC) issued an update to its 2013 policy statement on minority depository institutions (MDIs).

The United States Senate passed the Inflation Reduction Act of 2022 (Act) on August 7, 2022.

The California Department of Financial Protection and Innovation (DFPI) has released the Translated Notice to Cosigner on its website, in anticipation of a January 1, 2023 effective date...

The OCC reported that mortgage performance continued to improve. 96.9% of all mortgages were current and performing, an increase from 94.2% the year earlier.

In accordance with Ohio's new adult-use marijuana legislation, applications for initial dual-use marijuana licenses will be made available by the Division of Cannabis Control (DCC)...

On March 29, 2024, the Financial Crimes and Enforcement Network (FinCEN) in collaboration with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation...

The collapse of cryptocurrency exchange FTX has been widely reported across the world.

On May 24, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it is replacing the Office of Innovation with the newly-established Office of Competition and Innovation.

Certain conditions must be met in order for the split-dollar life insurance arrangement not to constitute an improper extension of credit.

The FTC estimates that the competition promoted by this new rule could increase wages "by nearly $300 billion per year" nationwide.

In Biotricity, Inc. v. DeJohn, 8th Dist. Cuyahoga No. 113216, 2024-Ohio-1593, the Ohio Eighth Appellate District found that the trial court erred by refusing to stay discovery pending a ruling...

On May 31, 2024, the Alabama Supreme Court released its opinion in Crystal Kaye Coan v. Championship Property, LLC, SC-2023-0740.

The world of decentralized finance, blockchains, virtual and cryptocurrency have grown exponentially in recent years. Many financial institutions are looking to enter...

On April 4, 2024, the Middle District of Florida dismissed a non-consumer plaintiff's Florida Deceptive and Unfair Trade Practices Act (FDUTPA) claim for failure to plead injury to consumers.

For nearly a decade, financial institutions operating in states with regulated cannabis markets (whether medicinal or recreational) have struggled with their ability to offer banking services...

Unfortunately, employers will quite often ignore these interrogatories and fail to respond within the legal time allowed.

Under current Texas law, a home equity loan must be "closed only at the office of the lender, an attorney at law, or a title company."

On August 24, 2022, the U.S. Court of Appeals for the Third Circuit held that the plain text of the Fair Credit Reporting Act (FCRA) operates as a waiver of sovereign immunity, widening...

On October 11, 2022, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) acted in parallel to issue the first joint action...

Effective January 1, 2023, all California vehicle owners will be able to display a digital license plate in lieu of a traditional, state-issued license plate.