On May 21, 2024, the California Senate passed the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB-1047), and referred the bill to the State Assembly. Though the bill has already been amended in...more
Recent Developments: Michigan Targets Bovada, Illegal Online Gambling New York Passes Bill on Downstate Casino Licensing Swedish Study Asserts Link Between Tax Rate and Problem Gambling Michigan Targets Bovada, Illegal Online...more
The Commodity Futures Trading Commission (CFTC) recently voted to issue a new rule proposal which would serve to ban event contracts on political elections, as well as sporting events, awards, and more. The CFTC has...more
Proposed Changes to Sports Betting in ConnecticutUnderdog and PrizePicks Return to FloridaFormer Iowa Collegiate Athletes File Lawsuit Against StateUpdate on Proposed College Prop Bet BansPennsylvania Bill Seeks to Prohibit...more
Massachusetts regulators have finalized a set of rules covering sports betting operators’ data-privacy obligations. The Massachusetts Gaming Commission (MGC) agreed to several clarifications to its regulations, which were...more
Dean Serpa, the former deputy chief of staff for operations and administration to Governor Charlie Baker, was selected to serve as the next executive director of the Massachusetts Gaming Commission. Serpa will take over an...more
Welcome to Orrick’s new Gaming & Gambling Update! We aim to share a sampling of the latest legislative, regulatory and legal developments in the gaming and gambling market. Of course, if you have questions or would like...more
In a private letter ruling, the Texas Comptroller of Public Accounts determined that a pre-litigation medical records retrieval services provider must pay sales tax on “copy fees” – a broad term incorporating client charges...more
The late breaking “red wave” – forecasted by pollsters and pundits alike and detailed in our last release – did not materialize, especially at the state level where nearly all of the key legislative chambers and gubernatorial...more
Key Takeaways: Midterm general elections will be held November 8, 2022. At the state level, there are 36 gubernatorial races and 88 legislative chambers in 46 states holding elections in 2022....more
In our latest episode, Public Policy Practice Group Leader Jeremy Kudon and Justin Cooper, Finance Sector Leader and a member of our Public Finance practice, spoke with California Senate Majority Leader Bob Hertzberg about...more
Democrats saw big gains across the board on election night 2017 and exit polls showed voters intended the results to be a clear rebuke of the Trump administration....more
The OCC’s announcement to move forward considering fintech charter applications has potentially significant industry, policy and practical implications. This presentation explores industry reaction to the OCC’s decision,...more
5/12/2017
/ Banking Sector ,
BSA/AML ,
Capital Requirements ,
Corporate Governance ,
FinTech ,
Fintech Charter ,
Liquidity Coverage Ratio ,
National Bank Charters ,
OCC ,
Public Policy ,
Regulatory Oversight
With the 2016 Presidential Election dominating political news for more than a year, it was easy to miss the important races at the state level—races that often have a far more direct impact on our clients' businesses and...more
On July 20, the Department of the Treasury published a Notice and Request for Information (“RFI”) seeking comment on various aspects of online marketplace lending, including –
- the business models and products offered...more
7/22/2015
/ Automotive Loans ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
BSA/AML ,
Cloud Computing ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Data Privacy ,
Debt Collection ,
Department of Justice (DOJ) ,
FDIC ,
FHFA ,
Financial Crimes ,
Financial Institutions ,
HUD ,
Lending ,
Midland Funding ,
National Bank Act ,
OCC ,
Online Marketplace Lending ,
Payday Loans ,
Preemption ,
Regulatory Standards ,
Risk Retention ,
RMBS ,
U.S. Treasury ,
Usury
In most states, carriers may void life insurance policies for lack of insurable interest at any point, even after the two-year contestability period prescribed by statute. This loophole allows insurers to continue collecting...more