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Category: Compliance

The Repeal of the Controversial True Lender Rule

by on Compliance. Published July 28th, 2021

We have written about the “True Lender Rule” many, many, many times. The rule was the US Office of the […]

DOJ Probe of Fintech PPP Lenders Highlights the Need for Compliance Risk Management Enhancements

by on Compliance. Published July 14th, 2021

Recently, Reuters reported that Kabbage Inc. and other fintech firms have been targeted in an investigation led by the civil […]

White House Focuses FSOC Regulators on Climate Change Risks in Banking

by on Compliance. Published June 25th, 2021

Recently, the Biden Administration took another step toward incorporating environmental risk analysis into all financial institution oversight. The new executive […]

House Happenings: Update on Financial Services Legislation

by on Compliance. Published June 24th, 2021

The U.S. House of Representatives recently passed seven bills related to banking and financial services. The one that is likely […]

The FDIC’s Proposed Rule Banning Non-Bank Entities & Private Individuals from Misleading Representations About Deposit Insurance

by on Compliance. Published June 16th, 2021

Last month, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking and request for information entitled “False […]

New PPP Compliance Procedures for 2021

by on Compliance. Published March 31st, 2021

The government delegated approval authority to lenders for the first round of Paycheck Protection Program loans in 2020—reflecting the emergency […]

Recent FinCEN Guidance Highlights Importance of Policies, Procedures, and Processes

by on Compliance. Published March 17th, 2021

Recently, FinCEN issued guidance regarding seven FAQs related to Suspicious Activity Reporting (SAR) filing requirements and “Keep Open” Requests, with […]

New Cybersecurity Rulemaking Proposed for Banking Industry

by on Compliance. Published March 3rd, 2021

On January 12, 2021, financial regulators jointly published a new notice of proposed cybersecurity rulemaking for the banking industry. See […]

Corporate Governance 2021: Trends to Watch

by on Compliance. Published February 17th, 2021

Renewed crisis-management planning, DE&I initiatives, and other trends making a splash in corporate governance Key Takeaways: Overlapping crises in 2020 […]

SEC Amendments to Private Offering Framework

by on Compliance. Published December 17th, 2020

Publicly traded companies raise capital by selling their securities on national exchanges. The public offerings are registered with the Securities […]