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CFPB Approves FDX Application With Conditions to Foster Transparency and Open Banking

The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange’s (FDX) application to serve as a standard-setting body under the final rule for Personal Financial Data Rights, (“open banking”)...more

CFPB Reboots No-Action Letter and Sandbox Policies: A New Approach to Financial Innovation…Not

On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and Compliance Assistance Sandbox (CAS) policies. The proposed policies on its face, marks a...more

Prudential Regulators Propose Rules Amending Anti-Money Laundering Requirements: Is Your Financial Institution Ready?

On July 14, the Financial Crimes Enforcement Network (FinCEN) joined the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of...more

NCAA and Power Five Agree To Pay Players in Recently Voted Settlement

Last week marked another monumental shift from the NCAA amateur model as we once knew it. The NCAA, Power Five Conferences (ACC, SEC, Big 10, Big 12, and Pac 12), and plaintiffs in three separate antitrust cases against the...more

Federal Court Enjoins Enforcement of NCAA’s Transfer Eligibility Rule

On Dec. 7, the states of Ohio, Colorado, Illinois, New York, North Carolina, Tennessee, and West Virginia filed a Complaint and Motion for Preliminary Injunction and Temporary Restraining Order in the U.S. District Court for...more

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