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CFPB Releases Proposal to Remove Medical Debt from Credit Reports

On June 11, 2024, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would introduce sweeping changes to the process of medical debt credit reporting and the use of information related to the nonpayment of...more

CFPB Publishes Final Nonbank Registry Rule

On June 3, the Consumer Financial Protection Bureau (CFPB) published a final rule to create a registry of nonbank companies that have entered into consent agreements or who have otherwise been found by the bureau to be in...more

CFPB Releases RFI on Mortgage Closing Costs

On May 30, the Consumer Financial Protection Bureau (CFPB) released a Request for Information (RFI) regarding mortgage closing costs. The seven-page RFI provided nine questions about the impact of closing costs, and how they...more

SCOTUS Upholds CFPB Funding Mechanism

In a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does not violate the Appropriations Clause. The...more

Venezuela Energy Sanctions Reimposed Barring Democratic Reforms

On April 17, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) released General License (GL) 44A, requiring the wind down of business transactions with Venezuela’s state-owned energy company Petróleos...more

CFPB Proposes Long-Awaited Data Sharing Rule

On Oct. 19, 2023, the Consumer Financial Protection Bureau (CFPB) released a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data Rights, which would change the way financial institutions hold and distribute...more

E-Verify Requirements in H.R. 2 May Complicate Hiring Practices

On Thursday, May 11, 2023, the House of Representatives passed the Secure the Boarder Act of 2023 (H.R. 2). The legislation lays out Republican priorities on immigration and contains passages focused on increasing security at...more

EB-5 Immigrant Investor Program Returns

EB-5 Regional Center Program reauthorized as part of Omnibus Spending Bill - After having lapsed over the summer of 2021, the EB-5 Regional Center Program (“RC Program”) was reauthorized as part of the Omnibus Spending...more

Developing Legal Issues for Business Interruption Insurance and COVID-19

While businesses across the globe have yet to understand the full economic impact of the COVID-19 pandemic, a number of emerging issues have already gained prominence. Among the biggest—and most likely to persist—is the issue...more

Under the Gavel: What Every Company Needs to Know About Oversight in the New Congress

With a new Congress comes new oversight priorities. Private companies could find themselves under the legislative microscope after Democrats seized control of the House for the first time since the 2006 midterm elections. ...more

Rise of the Machines: Artificial Intelligence and its Growing Impact on U.S. Policy

On Sept. 25, House Oversight and Government Reform Subcommittee on Information Technology Chairman Will Hurd (R-TX) and Ranking Member Robin Kelly (D-IL) released a white paper on the intersection of public policy and...more

Sen. Warner Proposes Reforms Aimed at Social Media Companies

In the wake of recent congressional hearings on Russia’s use of social media to interfere in U.S. elections, the Senate Select Committee on Intelligence Vice Chairman, Sen. Mark Warner (D-VA), authored a draft white paper...more

DOJ Issues Much Anticipated Cyber-Digital Task Force Report

This week, the U.S. Department of Justice (DOJ) released a much-anticipated report from its Cyber-Digital Task Force. The task force was formed by Attorney General Jeff Sessions in February of 2018 with the goal of addressing...more

Congress Eyes Modernization of Bank Secrecy Act and Beneficial Ownership Disclosures

A significant and much needed update to the United States’ anti-money laundering (AML) laws is one of the few remaining legislative efforts that may get across the finish line during this election year. Members of both...more

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