Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is written by members of our…
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/ Business Organizations, Commercial Law & Contracts
On April 16, three senators urged the FHFA Inspector General to investigate the agency’s purported noncompliance with federal laws and regulations concerning corporate governance at Fannie Mae and Freddie Mac. Sens. Jack Reed…
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/ Administrative Law, Business Organizations, Finance & Banking
On April 18, the NCUA confirmed that President Trump terminated the positions of two NCUA board members, Todd Harper and Tanya Otsuka, leaving the agency with a single board member: Chairman Kyle S. Hauptman. The NCUA assured…
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/ Administrative Law, Elections & Politics, Finance & Banking
Recently, the Deputy Attorney General for the DOJ released a memo that outlined a new policy direction for the DOJ regarding the enforcement of laws related to digital assets. The memo emphasized ending the previous…
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/ Consumer Protection, Criminal Law, Finance & Banking, Science, Computers, & Technology
On April 17, Montana enacted SB 488 (the “Act”) which amends the Montana Unfair Trade Practices and Consumer Protection Act of 1973 to include false, misleading or otherwise deceptive consumer reviews or testimonials. The Act…
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/ Administrative Law, Consumer Protection
On April 18, Iowa enacted HF 857 (the “Act”), prohibiting financial institutions from using unfair or deceptive practices when they use prescreened mortgage trigger lead information to solicit consumers who have applied for…
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/ Consumer Protection, Finance & Banking, Real Estate - Residential
Recently, the Utah Legislature enacted SB 226 (the “Act”), which requires suppliers using generative AI in consumer transactions to disclose such use upon request. Specifically, the new requirements mandate that if an individual…
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/ Consumer Protection, Science, Computers, & Technology
On April 22, the governor of Maryland approved SB 305 (the “Act”) which enacts new regulations for the virtual currency kiosk industry in Maryland. The Act requires virtual currency kiosk operators to register their kiosks with…
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/ Administrative Law, Consumer Protection, Finance & Banking
On April 16, the Colorado General Assembly enacted HB 25-1201, which repeals the state’s current Money Transmitters Act and replaces it with the Money Transmission Modernization Act (the “Act”), which is based on the model law…
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/ Administrative Law, Finance & Banking
On April 18, the California Privacy Protection Agency (CPPA) announced that eight state regulators have formed the Consortium of Privacy Regulators to enforce privacy laws collaboratively and protect consumers. This bipartisan…
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/ Administrative Law, Consumer Protection, Privacy
On April 22, the governor of Maryland approved HB 1516 / SB 1026, the Maryland Secondary Market Stability Act of 2025 (the “Act”), which exempts certain trust entities acquiring Maryland mortgage loans, including passive trusts,…
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/ Administrative Law, Finance & Banking, Real Estate - Residential
On April 15, the U.S. District Court for the Northern District of Texas vacated the CFPB’s Credit Card Late Fee Rule pursuant to a joint motion for entry of consent judgment reached by the parties. The court found the CFPB’s…
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/ Administrative Law, Consumer Protection, Finance & Banking
On April 11, the CFPB filed its notice of dismissal without prejudice in a case within the U.S. District Court for the Northern District of Texas against a large bank. As previously covered by InfoBytes, the CFPB moved to stay…
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/ Administrative Law, Consumer Protection, Finance & Banking
On April 17, the Office of Management and Budget (OMB) issued a memorandum providing guidance for historically independent regulatory agencies to comply with regulatory provisions in Executive Order (EO) 14215. The EO “seeks to…
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/ Administrative Law
On April 24, four members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs sent a letter to the FDIC requesting information regarding DOGE’s involvement at the FDIC. The senators are seeking information from…
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/ Administrative Law, Finance & Banking
