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Underwriting Proposed Regulation

Mayer Brown

New York State Department of Financial Services Issues Proposed Artificial Intelligence Circular Letter

Mayer Brown on

On January 17, 2024, the New York State Department of Financial Services (“NYSDFS”) released a proposed circular letter addressing the use of external consumer data and information sources (“ECDIS”) and artificial...more

Eversheds Sutherland (US) LLP

Testing for AI bias: Colorado Division of Insurance proposes first-of-its kind regulation requiring life insurers to test their...

On September 28, 2023, the Colorado Division of Insurance (CDI) released the first-of-its kind draft proposed regulation (Testing Regulation) for testing the outcomes of certain life insurance underwriting practices for...more

Holland & Knight LLP

SPAC Update: Tremors Felt from Proposed SPAC Rules as Investment Bank Signals Retreat

Holland & Knight LLP on

In a little more than a month, the SEC's proposed special purpose acquisition company (SPAC) rules have started to reshape the market landscape. In a concise statement issued on May 9, a prominent investment bank announced it...more

Barnea Jaffa Lande & Co.

Israel Securities Authority Demands Being Granted Authority to Supervise Underwriters and Distributors

The Israel Securities Authority (ISA) recently published a proposal for amending the Securities Law as to the supervision of underwriters and distributors. The ISA aims to add a section to the law that would authorize it to...more

Clark Hill PLC

Mammoth CFPB Payday Rule Would Dramatically Change the Lending Marketplace

Clark Hill PLC on

Originally published in "InsideArm" - June, 2016. In a 1300+ page proposal, exclusive of attachments, the Consumer Financial Protection Bureau (CFPB) laid out its plan June 2 to force a sweeping redesign of the...more

BakerHostetler

CFPB Releases Expansive Payday Lending Rule

BakerHostetler on

The Consumer Financial Protection Bureau (CFPB) released its much anticipated proposed rule aimed at ending what it calls “payday lending debt cycles.” The 1,334-page rule will require small-dollar lenders to undertake...more

BakerHostetler

CFPB to Announce Small-dollar Lending Rule on June 2

BakerHostetler on

On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it will hold a field hearing in Kansas City, Missouri, on June 2 regarding small-dollar lending, commonly referred to as payday lending. It is...more

BakerHostetler

CFPB to Announce Small-dollar Lending Rule on June 2

BakerHostetler on

On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it will hold a field hearing in Kansas City, Missouri, on June 2 regarding small-dollar lending, commonly referred to as payday lending. It is...more

Bracewell LLP

IRS Releases New Proposed Issue Price Regulations

Bracewell LLP on

On June 23, 2015, the IRS released new proposed Treasury Regulations (the “2015 Proposed Regulations”) concerning the definition of “issue price” for purposes of arbitrage investment restrictions on tax-exempt bonds. The...more

Ballard Spahr LLP

OCC and FDIC proposed guidance could effectively ban deposit advance loans

Ballard Spahr LLP on

Last Thursday, the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation proposed guidance on deposit advance loans. The Federal Reserve Board declined to join the OCC and FDIC and instead...more

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