The Fast Rise and Possible Fall of the Special Purpose Acquisition Company (SPAC)
Alarm about the surge in recent SPAC-funded deals has prompted increased scrutiny and new accounting guidance by the SEC Key […]
The Case for Outsourcing Internal Corporate Investigations to Outside Counsel
Credibility, independence, and expertise are among the reasons for retaining independent legal counsel to conduct internal investigations Key takeaways: The […]
Current Texas Cybersecurity and Data Privacy Laws
The Texas Legislature passed new cybersecurity laws in 2017 and 2019, while the 2021 legislative session appears unlikely to produce […]
What the Financial Services Industry Might Expect from the Biden Administration
The new administration’s policy agenda and agency appointments could have a considerable impact on the financial services industry Key Takeaways: […]
Federal Appeals Court Considers OCC’s FinTech Charter Authority
What is the “business of banking?” The Federal Court of Appeals for the Second Circuit is pondering that question as […]
Congressional Lawmakers Seek to Overturn the OCC’s “True Lender” Rule
Congressional Democrats recently introduced resolutions that would overturn the Office of the Comptroller of the Currency’s “True Lender Rule” (TLR), […]
Court or Out of Court: The Potential Benefits of Pursuing Mediation
Sometimes solving issues without waiting for a court ruling—while being prepared to take things all the way—can be the best […]
The OCC’s “True Lender” Rule is Facing a Potential Reversal
Controversy and a high-profile lawsuit have surrounded the banking rule since the Office of the Comptroller of the Currency issued […]
New PPP Compliance Procedures for 2021
The government delegated approval authority to lenders for the first round of Paycheck Protection Program loans in 2020—reflecting the emergency […]
Data Privacy Class Action Lawsuits Pose a Rising Threat to the Financial Industry
Increased regulatory pressures and higher expectations for companies’ defenses against cyberattacks make financial institutions vulnerable to class action lawsuits. Key […]