News & Analysis as of

Attorney General Office of the Comptroller of the Currency

Katten Muchin Rosenman LLP

2020 Year-End Crypto Assets Legal and Regulatory Developments: It Wasn’t Just Bitcoin Breaking $29,000 (It’s Even Higher Now)!

SEC – Statement regarding Special Purpose Broker-Dealers Eligible to Custody Digital Asset Securities (Statement) - - On December 23, 2020, the Securities and Exchange Commission (SEC) said that, for a five-year period, it...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - Issue 10, November 2020

VIDEO: Cryptocurrency - Legitimate Uses and Potential Issues - Following the recent publication of the U.S. Attorney General's cryptocurrency enforcement framework, Spilman attorneys Corey Bonasso and Nick Mooney discuss...more

Morrison & Foerster LLP

Line In The Sand: OCC Issues Final Rule Adopting Bright-Line “True Lender” Standard

Morrison & Foerster LLP on

Capping off months of proposed rules and settlements addressing marketplace lending issues, on October 27, 2020, the Office of the Comptroller of the Currency (OCC) finalized a rule specifying that a national bank or federal...more

MoFo Reenforcement

Take Two: State AGs Target The FDIC’s Final Rule Reaffirming Valid-When-Made Doctrine

MoFo Reenforcement on

Last week, the state attorneys general of seven states and the District of Columbia filed suit against the Federal Deposit Insurance Corporation (FDIC) challenging the FDIC’s final rule reaffirming the valid-when-made...more

Morrison & Foerster LLP

Dropping Anchor In The (Safe) Harbor: Colorado “True Lender” Litigation Settles

Ending years of litigation, the Colorado Attorney General and the Administrator of the Colorado Uniform Consumer Credit Code (“Administrator”) announced a settlement with marketplace lenders Avant of Colorado, LLC and...more

Cozen O'Connor

COVID-19 Drug Availability | Federal Banking Rule vs. State Usury Laws | Kickbacks For Pain Meds

Cozen O'Connor on

COVID-19- Bipartisan Group of Attorneys General Seeks to Expand Production of Antiviral Drug- A bipartisan group of 34 AGs, led by California AG Xavier Becerra and Louisiana AG Jeff Landry, sent a letter urging the U.S....more

Morrison & Foerster LLP

Not So Fast—State Attorneys General Seek To Enjoin OCC’s Final Rule Reaffirming “Valid When Made” Doctrine

On July 29, 2020, the state attorneys general of California, Illinois, and New York filed suit against the Office of the Comptroller of the Currency (OCC) challenging the OCC’s Final Rule reaffirming the “valid when made”...more

Morrison & Foerster LLP

Credit Card Issuer Debt Collection Consent Order: The CFPB’s Latest Rulemaking Through Enforcement Effort

On Wednesday, July 8, the CFPB announced its latest — and largest — settlement of claims of unfair and deceptive debt collection practices. The OCC and 47 State Attorneys General all were part of the overall settlement. The...more

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