Recent news from Treasury’s Office of Foreign Assets Control: April 12
The Office of Foreign Assets Control took sanctions action over the last week in the Russia and terrorism-related programs. OFAC...
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Compliance question of the month: For mortgage lender transfers, does new servicer provide E-SIGN disclosure again?
Q If a mortgage lender transfers servicing to another party, does the new servicer need to provide the Electronic Signatures...
Recent news from Treasury’s Office of Foreign Assets Control: April 5
The Office of Foreign Assets Control took significant sanctions actions over the last week in the Russia and Iran programs:...
Two investment advisers agree to pay $400,000 to resolve SEC AI washing allegations
Delphia (USA) Inc. and Global Predictions Inc. agreed to pay a combined $400,000 to resolve SEC allegations that it participated...
Lender trade groups sue challenging Colorado’s ‘rate opt-out law’
The National Association of Industrial Bankers, American Financial Services Association and American Fintech Council sued Colorado Attorney General Philip Weiser...
New York federal court determines reasonableness of investigation into alleged identity theft is a factual question under FCRA
A New York federal court denied a motion for summary judgment filed by HSBC in an FCRA lawsuit because the...
Third Circuit rules student loan trusts subject to CFPB enforcement authority
In a 3-0 decision, a Third Circuit panel concluded student loan trusts are subject to CFPB enforcement under the Consumer...
Virginia district court dismisses foreign currency swap overcharge lawsuit against Capital One
A Virginia federal district court dismissed a lawsuit alleging Capital One overcharged credit and debit card customers on transactions made...
SEC climate disclosure final rule lawsuit to be heard in 8th Circuit
The Eighth Circuit will determine whether the Securities and Exchange Commission’s climate disclosure final rule violates the Administrative Procedure Act.
Alabama district court rules Corporate Transparency Act is unconstitutional
An Alabama federal district court held that the Corporate Transparency Act is unconstitutional because it exceeds Congress’ enumerated powers.
