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Department of Defense (DOD) Financial Services Industry

Mintz - Antitrust Viewpoints

Senator Rounds (R-SD) Unveils Five AI Bills for Congress to Consider After August Recess — AI: The Washington Report

On August 27, Senator Mike Rounds (R-SD) unveiled five AI bills for Congress to consider when its members return from the August recess on September 8. Three are stand-alone bills that would promote the use of AI in the...more

Wiley Rein LLP

CISA’s Proposed Cyber Incident Reporting Requirements Would Hit a Range of Industries and Sectors

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The U.S. Department of Homeland Security’s (DHS) Cybersecurity and Infrastructure Security Agency (CISA) is publishing a proposed rule (Proposal or NPRM) that will require broad segments of industry to meet onerous and quick...more

Ballard Spahr LLP

Military Lending Act violations alleged against title lender in Georgia class action

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A proposed class action lawsuit filed in the U.S. District Court for the Northern District of Georgia on February 21, 2024 against TitleMax of Georgia, Inc. and TMX Finance LLC (together, “TitleMax”) accuses the Georgia-based...more

K&L Gates LLP

Congress to Increase Funds for Artificial Intelligence Capabilities in Fiscal Year 2024

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Overview - Artificial Intelligence (AI) continues to drive dialogue among policy makers, industry leaders, and the broader public and presents increasing congressionally authorized federal spending opportunities. For decades,...more

Troutman Pepper

Which MLA Safe Harbor Are You Using? Recent Decision Highlights Overlap and Distinction Points

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A recent federal court decision from the Northern District of Texas offers some useful lessons and insights for creditors relying on the Military Lending Act’s (MLA) safe harbors for verifying whether a consumer is a “covered...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 26

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Outlook for This Week in the Nation’s Capital - Congress.  The House and Senate are in recess this week. Once Congress returns after the July 4th recess, leaders aim to reach an agreement on the USICA/COMPETES bill and...more

Hudson Cook, LLP

Federal Agencies Take Another Shot at GAP Coverage for Buyers Covered by the Military Lending Act

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I have always been a fan of suspenseful entertainment. I really like television shows where it looks like the protagonist is doomed, but then escapes, lands back in trouble, and gets out ... again! So fun. Originally...more

Akin Gump Strauss Hauer & Feld LLP

Administration and Congressional Update on Artificial Intelligence in the U.S.

President Biden’s Discretionary Budget Request: Fiscal Year 2022 - On April 9, 2021, the Office of Management and Budget (OMB) submitted President Biden’s discretionary funding request (the “Request”) to Congress for...more

Akin Gump Strauss Hauer & Feld LLP

Congress Addresses Supply Chain Domestication in Defense Authorization Legislation

[co-authors: Alex Monié, Policy Advisor and Gabriel Harrison, Public Policy Specialist] The annual “must-pass” defense authorization legislation contains provisions to address supply chain domestication in light of the...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - May #3

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Capital One Required to Produce Forensic Report in Class Action - As a litigator, when responding to any security incident, thoughtful consideration is given to the possibility that the security incident may wind up in...more

Bradley Arant Boult Cummings LLP

Department of Defense Withdraws Troublesome Military Lending Act Guidance

In a significant victory for servicemembers and their families, who will again have access to products designed to protect them in the event of a total vehicle loss, the Department of Defense has revised its guidance that...more

Ballard Spahr LLP

DoD to propose amendment to MLA regulations on auto financing

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The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide...more

Clark Hill PLC

Window On Washington - Vol. 3, Issue 31

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Outlook for This Week in the Nation's Capital - Congress. The House recessed for its summer break on Friday and will not return until September 9. The Senate is in session for another week. ...more

Ballard Spahr LLP

Department of Defense Proposes Data Sharing Arrangement with Department of Education to Identify Service Members Eligible for 0%...

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A Federal Register entry published last week details a proposed data-sharing arrangement between the Department of Defense (DoD) and the Department of Education (DoE) designed to reduce the amount of interest that certain...more

Jones Day

Jones Day Global Privacy & Data Security Update | Vol. 20

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UNITED STATES - Regulatory—Policy, Best Practices, and Standards - NIST Releases Internal Report Regarding IoT Cybersecurity - In September, the National Institute of Standards and Technology ("NIST") released a draft...more

Ballard Spahr LLP

More industry groups petition Department of Defense to withdraw MLA interpretation on GAP insurance financing—is a response...

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We previously reported that several trade groups had sent letters petitioning the Department of Defense (DoD) to rescind or withdraw Question and Answer #2 (Q&A 2) from its 2016 interpretative rule for the Military Lending...more

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