On Wednesday, March 8, 2023, Silicon Valley Bank (SVB) announced to investors that it needed to raise $2.25 billion to shore up its balance sheet. A few days earlier, another bank (Silvergate Capital) announced it would cease...more
The ways consumers make payments, including the data and technology associated with those payments, is becoming an increased focus of regulators. Financial institutions should carefully and thoroughly consider the recent...more
10/29/2021
/ Biden Administration ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Data Management ,
Data Privacy ,
Dodd-Frank ,
EFTA ,
Executive Orders ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
Payment Systems ,
Provider Payments ,
Regulatory Reform ,
Rulemaking Process
The cost of building materials has risen significantly this year. Who should bear this risk and how can the various parties to construction contracts mitigate this risk?
Owners, contractors, subcontractors, and...more
Federal agencies now have the authority to interpret their own rules.
On March 9, 2015, in Perez v. Mortgage Bankers Ass’n, No. 13-1041, slip op. (U.S. Mar. 9, 2015), the United States Supreme Court effectively gave...more
3/18/2015
/ Administrative Exemption ,
Administrative Procedure Act ,
Banks ,
Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Interpretive Rule ,
Mortgage Loan Officer ,
Notice and Comment ,
Over-Time ,
Paralyzed Veterans Doctrine ,
Perez v Mortage Bankers Assoc ,
Rulemaking Process ,
SCOTUS
The U.S. Department of Labor recently announced a proposed rule change that would rescind the existing Sex Discrimination Guidelines found at 41 C.F.R. part 60-20 and replace those provisions with new rules regarding current...more
In a decision sure to send huge ripples throughout the world of collegiate sports—and elsewhere—the National Labor Relations Board’s Chicago office sided with football players at Northwestern University who said they were...more