As the 2024 Paris Olympics draws near, many brands are eager for an opportunity to partner with Olympic athletes to enhance brand visibility and grow market share in competitive industries. In particular, brands participating...more
4/30/2024
/ Advertising ,
Athletes ,
Brand ,
Business Development ,
Cannabis Products ,
Marijuana ,
Marketing Perspectives ,
Medical Marijuana ,
Olympics ,
Sports ,
World Anti-Doping Agency (WADA)
Generally speaking, entities that enter into contracts are bound to perform them. However, as matters evolve, the impacts of natural and man-made problems arising from the coronavirus (COVID-19) are being felt by customers,...more
3/13/2020
/ Business Interruption ,
Contract Terms ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Delay Claims ,
Emergency Management Plans ,
Federal Contractors ,
Force Majeure Clause ,
Foreign Commerce ,
Imports ,
Infectious Diseases ,
Liability Insurance ,
Performance Standards ,
Public Health ,
Risk Management ,
Suppliers ,
Supply Chain ,
Supply Contracts ,
Uniform Commercial Code (UCC)
In November 2018, Missouri voters passed Amendment 2, setting in motion state regulated medical marijuana. Over the last month, the Missouri Department of Health & Senior Services (DHSS) began approving license applications...more
1/15/2020
/ Agribusiness ,
Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Controlled Substances Act ,
Credit Unions ,
Currency Transaction Reports (CTR) ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
Federal v State Law Application ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Food and Drug Administration (FDA) ,
Hemp Cultivation ,
Hemp Related Businesses ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Foods ,
Medical Marijuana ,
Plant Based Products ,
Policies and Procedures ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
State and Local Government ,
Suspicious Activity Reports (SARs)
The cannabidiol (CBD) industry has been on the receiving end of over a half dozen new consumer class actions in recent weeks, which is likely only the beginning for the emerging industry....more
1/7/2020
/ Advertising ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Class Action ,
Damages ,
Enforcement Actions ,
False Advertising ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Food and Drug Administration (FDA) ,
Marijuana ,
Marijuana Related Businesses ,
Medical Foods ,
Medical Marijuana ,
Misleading Statements ,
Plant Based Products ,
Product Labels ,
Recreational Use ,
Regulatory Oversight ,
Regulatory Violations ,
Retail Market ,
Retailers
On September 25, 2019, the U.S. House of Representatives overwhelmingly passed the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The purpose of the SAFE Act is to increase banking access for cannabis businesses by...more
On November 6, 2018, Missouri voters passed Amendment 2. Amendment 2 amends the Missouri Constitution to allow state-licensed physicians to recommend medical marijuana to patients who could benefit from the drug. The...more
Over the last two years the financial industry has seen an uptick in litigation and enforcement actions aimed at banks and their non-bank lending partners. These actions have primarily challenged the validity of the bank...more
4/3/2018
/ Banking Sector ,
CashCall ,
Consumer Financial Products ,
Consumer Lenders ,
Enforcement Actions ,
Legislative Agendas ,
Non-Bank Lenders ,
Online Marketplace Lending ,
Payday Loans ,
Proposed Legislation ,
True Lender ,
Usury
On January 4, 2018, U.S. Attorney General Jeff Sessions officially rescinded all of the prior Obama-era Department of Justice (DOJ) marijuana-related guidance, including the so-called “Cole Memo.” That guidance had provided...more
1/8/2018
/ Banking Sector ,
Cole Memorandum ,
Controlled Substances ,
Controlled Substances Act ,
Criminal Prosecution ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
Enforcement Actions ,
FinCEN ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Policy Memorandums ,
Preemption ,
Regulatory Oversight ,
State and Local Government ,
Trump Administration
On July 10, 2017, the Consumer Financial Protection Bureau (CFPB) released its long-awaited and controversial final rule on arbitration agreements in contracts for financial products and services. The rule, which takes effect...more
7/26/2017
/ Arbitration ,
Arbitration Agreements ,
Banking Sector ,
Class Action ,
Class Action Arbitration Waivers ,
Congressional Review Act ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
Financial Services Industry
The Volcker Rule Under the Trump Administration -
The so-called Volcker Rule—named after Paul Volcker, a former chairman of the Federal Reserve Board—was part of the Dodd-Frank Wall Street Reform and Consumer Protection...more
1/25/2017
/ Advertising ,
Airspace ,
American Bankers Association ,
Americans with Disabilities Act (ADA) ,
Annuities ,
Banking Sector ,
Banks ,
Breach of Contract ,
Breach of Warranty ,
CFTC ,
Charitable Remainder Trust ,
Civil Liability ,
Commercial Insurance Policies ,
Commercial Loans ,
Credit Unions ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Design Defects ,
Disability Discrimination ,
Dodd-Frank ,
Drones ,
Estate Tax ,
FDIC ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Final Rules ,
Financial Institutions ,
Financial Instruments ,
Financial Markets ,
Hedge Funds ,
Independent Community Bankers of America (ICBA) ,
Land Use Restrictions ,
Marijuana ,
Medical Marijuana ,
NCUA ,
Negligence ,
Nonconforming Use ,
OCC ,
Property Owners ,
Proprietary Trading ,
Public Access Laws ,
Risk Management ,
Securities ,
Securities and Exchange Commission (SEC) ,
Service Animals ,
Third-Party Liability ,
Trading Platforms ,
Trump Administration ,
Trust Administration ,
Unfair or Deceptive Trade Practices ,
Unmanned Aircraft Systems ,
Urban Planning & Development ,
Volcker Rule ,
Website Accessibility
We are thrilled to bring you the third installment of Stinson Leonard Street's Emerging Trends newsletter. We are proud of the depth and breadth of experience and knowledge across our firm's 13 offices nationwide and are...more
10/17/2016
/ Acquisitions ,
Americans with Disabilities Act (ADA) ,
Automotive Industry ,
CFTC ,
Chemicals ,
Class Action ,
Confidentiality Agreements ,
Connected Cars ,
Controlling Stockholders ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Retention ,
Department of Justice (DOJ) ,
Disability Discrimination ,
Disgorgement ,
Dodd-Frank ,
Drinking Water ,
Driverless Cars ,
Employee Training ,
Enforcement Actions ,
Entire Fairness Standard ,
Fiduciary Duty ,
Financial Institutions ,
Geolocation ,
Incident Response Plans ,
Mergers ,
Mobile Apps ,
New Amendments ,
Niantic Inc. ,
Nintendo ,
NYDFS ,
OEHHA ,
OSHA ,
Pokemon ,
Proposition 65 ,
Public Nuisance ,
Regulatory Oversight ,
Risk Management ,
Safe Harbors ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Severance Agreements ,
Smartphones ,
Statute of Limitations ,
Technology ,
Teva Pharmaceuticals ,
Third-Party Service Provider ,
Toxic Chemicals ,
Toxic Exposure ,
Vendors ,
Video Games ,
Virtual Reality ,
Warning Labels ,
Website Accessibility ,
Websites ,
Whistleblowers
On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more
10/17/2016
/ Banking Sector ,
Banks ,
Comment Period ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Retention ,
Employee Training ,
Encryption ,
Financial Institutions ,
Financial Services Industry ,
Incident Response Plans ,
NYDFS ,
Policies and Procedures ,
Popular ,
Risk Assessment ,
Risk Management ,
Third-Party Service Provider ,
Vendors
On October 11, 2016, the United States Court of Appeals for the D.C. Circuit issued its highly anticipated opinion in PHH Corp., et al. v. CFPB, holding that the Consumer Financial Protection Bureau’s (CFPB) structure is...more
10/12/2016
/ Administrative Proceedings ,
Article II ,
Banking Sector ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Due Process ,
HUD ,
Insurance Industry ,
Mortgages ,
PHH Corp. v CFPB ,
Popular ,
Reinsurance ,
Removal For-Cause ,
RESPA ,
Single Director ,
Statute of Limitations ,
Statutory Interpretation
In case you missed it, here is what the Consumer Financial Protection Bureau (CFPB) was up to over the last month:
Enforcement Actions and Litigation -
Enforcement Action Against First National Bank of Omaha...more
9/8/2016
/ Add-ons ,
Advisory Committee ,
Banking Sector ,
Banks ,
Billing ,
CashCall ,
Civil Monetary Penalty ,
Consent Order ,
Consumer Complaint Management ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
First National ,
Foreclosure ,
Internet Lenders ,
Late Fees ,
Mortgage Servicers ,
Mortgages ,
Native American Issues ,
Online Marketplace Lending ,
Payday Loans ,
Student Loans ,
Tribal Loans ,
UDAAP ,
Wells Fargo
On July 28, 2016, the Consumer Financial Protection Bureau (CFPB) released an outline of proposals and alternatives under consideration for regulating debt collection practices. The outline’s release triggers the formation of...more
8/15/2016
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Buyers ,
Debt Collection ,
Debt Collectors ,
FDCPA ,
Preemption ,
SBREFA ,
TCPA ,
Third-Party Service Provider
On July 28, 2016, the Consumer Financial Protection Bureau (CFPB) released an outline of proposals and alternatives under consideration for regulating debt collection practices. The outline’s release triggers the formation of...more
8/12/2016
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Collection Agencies ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Buyers ,
Debt Collection ,
Debt Collectors ,
Disclosure Requirements ,
FDCPA ,
SBREFA ,
Small Business
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long awaited and highly controversial proposed rule that, if adopted, would prohibit certain financial services companies from banning consumer class...more
7/25/2016
/ Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Mandatory Arbitration Clauses
The Consumer Financial Protection Bureau (CFPB) had another busy week. Here is an overview of what the CFPB was up to recently:
Enforcement Actions and Litigation -
Enforcement Action Against Santander Bank...more
7/25/2016
/ Amicus Briefs ,
Article III ,
ATMs ,
Background Checks ,
Banking Sector ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Debit and Credit Card Transactions ,
Debit Cards ,
Debt Relief ,
Debt-Relief Industry ,
Disgorgement ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
Financial Services Industry ,
Foreclosure ,
Homeowners ,
Misrepresentation ,
Overdraft Fees ,
Popular ,
Settlement Agreements ,
Spokeo v Robins ,
Standing ,
Student Loans ,
Summary Judgment
We are thrilled to bring you the 2nd installment of Stinson Leonard Street's Emerging Trends newsletter.
Recent Delaware Supreme Court Opinion Limits General Personal Jurisdiction for Foreign Corporation -
Recent...more
7/20/2016
/ Arbitration ,
B Corporation ,
Banks ,
Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
DE Supreme Court ,
Fair Labor Standards Act (FLSA) ,
Fantasy Sports ,
FFIEC ,
Financial Institutions ,
FinTech ,
Foreign Corporations ,
Form S-1 ,
Injury-in-Fact ,
IRS ,
Malware ,
Minimum Wage ,
Online Gaming ,
Over-Time ,
Personal Jurisdiction ,
Phishing Scams ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Spokeo v Robins ,
Sports Gambling ,
Tipped Employees ,
Vacation Leave ,
Wage and Hour
On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report on auto title loans. Auto title loans are small-dollar, high interest, loans that are generally used by borrowers to cover emergency expenses...more
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long-awaited and highly-controversial proposed rule that, if adopted, would prohibit certain financial services companies from banning consumer class...more
5/13/2016
/ Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Mandatory Arbitration Clauses ,
Public Comment ,
Service Contracts
On March 2, 2016, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against online payment system company Dwolla, Inc. for allegedly deceiving consumers about its data security practices. This...more
On March 29, 2016, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report for March 2016, which provides an overview of three-month trends in consumer complaints. This Monthly Report...more
On March 30, 2016, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against student debt relief company Student Aid Institute, Inc., and its chief executive officer, Steven Lamont, for allegedly...more
In December 2014, the States of Nebraska and Oklahoma filed a motion for leave to file a complaint against the State of Colorado with the Supreme Court of the United States (SCOTUS). The motion argued, among other things,...more