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Winstead PC

Corporate Transparency Act: Enforcement Suspended and New Rules to Come

Winstead PC on

FinCEN and the Department of the Treasury both provided updates this week regarding the Corporate Transparency Act....more

Fenwick & West LLP

The Corporate Transparency Act: Treasury Department Suspends Enforcement, Reporting Obligations

Fenwick & West LLP on

In a press release issued on March 2, 2025, the Treasury Department, which oversees the Financial Crimes and Enforcement Network (FinCEN), announced that it will not enforce any penalties or fines associated with the existing...more

BakerHostetler

New Treasury Statement Nullifies CTA for US Entities

BakerHostetler on

The CTA is not dead, but it is hanging by a thread. On March 2, the U.S. Treasury Department (the Treasury) issued a press release announcing significant updates to the plans announced by FinCEN just a few days earlier....more

Holland & Knight LLP

Corporate Transparency Act: New Hold on BOI Penalties and Reporting

Holland & Knight LLP on

In a bombshell release issued on Feb. 27, 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced that it will not impose any fines or penalties or take any other enforcement...more

Venable LLP

Fifth Circuit Places Partial Stay on CFPB Small Business Lending Rule Amid Leadership Change

Venable LLP on

The Fifth Circuit Court of Appeals heard arguments in early February challenging the validity of the Consumer Financial Protection Bureau's (CFPB Small Business Lending Rule. The rule is being challenged by various industry...more

Goodwin

SEC Proposes Regulatory Changes to Open-End Fund Liquidity Requirements

Goodwin on

On November 2, 2022, the U.S. Securities and Exchange Commission (“SEC”), by a vote of 3-2, proposed amendments to rules under the Investment Company Act of 1940 that would modify the existing liquidity risk management...more

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