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Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Cozen O'Connor

Update on Enforcement of CTA – Deadlines Extended

Cozen O'Connor on

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary injunction enjoining the Corporate Transparency Act (CTA) entered in the case of Texas Top Cop Shop,...more

Rivkin Radler LLP

Corporate Transparency Act Injunction Lifted, Deadline to File Extended

Rivkin Radler LLP on

On Monday, December 23, 2024, the U.S. Fifth Circuit Court of Appeals (the “Fifth Circuit”) lifted a Texas district court’s order enjoining the Financial Crimes Enforcement Network’s (“FinCEN’s) enforcement of the Corporate...more

Fox Rothschild LLP

Federal Appeals Court Stays Nationwide Injunction of Corporate Transparency - Act #2

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An appellate panel has stayed the nationwide injunction issued by a federal judge in Texas that halted enforcement of the Corporate Transparency Act (CTA). Hours later, the U.S. Financial Crimes Enforcement Network (FinCEN)...more

Dunlap Bennett & Ludwig PLLC

CTA Update: Nationwide Preliminary Injunction Lifted

This client alert is a follow-up on our prior client alerts related to reporting requirements under the Corporate Transparency Act (“CTA”). In our last client alert on the CTA, we informed you that on December 3, 2024, the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday December 24

Paul Hastings LLP on

December 23, 2024- In view of the evolving legal landscape, the Board of Governors of the Federal Reserve System announced it will soon seek public comment on significant changes to improve the transparency of its bank...more

Roetzel & Andress

Fifth Circuit Lifts Injunction on Corporate Transparency Act: New Reporting Deadlines Announced

Roetzel & Andress on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit issued an order granting the Department of Justice’s emergency motion for a stay pending appeal, lifting the nationwide injunction blocking the...more

Cole Schotz

Fifth Circuit Strikes Down Injunction; CTA In Effect With Short Deadline Extension

Cole Schotz on

On December 23, the U.S. Court of Appeals for the Fifth Circuit issued an Order staying the nationwide injunction that previously halted the enforcement of the Corporate Transparency Act (the “CTA”). Without further...more

Rivkin Radler LLP

Fifth Circuit Resurrects Corporate Transparency Act; New Filing Deadline 1/13/25

Rivkin Radler LLP on

On December 23, the Fifth Circuit Court of Appeals lifted the stay on the Corporate Transparency Act (CTA), reinstating its enforcement nationwide. The CTA requires certain non-exempt entities to report the identities of...more

Allen Matkins

Updates to the Corporate Transparency Act's Beneficial Ownership Information Reporting Requirements

Allen Matkins on

This Alert covers updates from the Financial Crimes Enforcement Network (FinCEN) regarding Corporate Transparency Act (CTA) beneficial ownership information (BOI) reporting requirements resuming. In light of the federal Court...more

Amundsen Davis LLC

Corporate Transparency Act Deadline Back in Place With FinCEN Deadline Extensions

Amundsen Davis LLC on

Reporting companies are once again required to report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) after the U.S. Court of Appeals for the Fifth Circuit lifted an...more

Fox Rothschild LLP

Federal Appeals Court Stays Nationwide Injunction of Corporate Transparency Act

Fox Rothschild LLP on

Key Takeaway: In response to the stay order, the government extended the January 1st filing deadline to January 13, 2025. An appellate panel has stayed the nationwide injunction issued by a federal judge in Texas that halted...more

Lowenstein Sandler LLP

Lump of Coal in the CTA Stocking: Texas Federal Court of Appeals Stays Injunction Against Corporate Transparency Act

Lowenstein Sandler LLP on

The U.S. Court of Appeals for the Fifth Circuit has granted the government’s motion to stay the Eastern District of Texas’ December 3 nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The problem of PEP administration

The problem with starting college and dorming is that your roommate or suitemate might be a maniac. You get connected to these people through a random draw....more

Bond Schoeneck & King PLLC

U.S. Court of Appeals (5th Circuit) Stays Nationwide Preliminary Injunction that had Suspended Reporting Obligations Under the...

On Dec. 23, 2024, the U.S. Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction that had previously been issued temporarily suspending the enforcement of the Corporate Transparency Act (CTA),...more

Dinsmore & Shohl LLP

FinCEN Extends Deadlines for Filing BOI Reports Required Under the Corporate Transparency Act

Dinsmore & Shohl LLP on

Earlier this month, a Texas district court issued a nationwide preliminary injunction blocking enforcement of the Corporate Transparency Act (“CTA”). However, on December 23, 2024, the Fifth Circuit Court of Appeals granted...more

Locke Lord LLP

5th Circuit Lifts Nationwide Preliminary Injunction Against Enforcement of CTA

Locke Lord LLP on

On December 23, 2024, the United States 5th Circuit Court of Appeals granted the government’s motion for a “stay pending appeal” of the Texas Top Cop Shop, Inc. v. Garland preliminary injunction prohibiting enforcement by...more

McGuireWoods LLP

Healthcare & Life Sciences Private Equity Deal Tracker: Flexpoint Ford Invests in Apollo Care

McGuireWoods LLP on

Flexpoint Ford has announced a growth equity investment in Apollo Care. Apollo Care, based in Chicago, is a developer of patient access and analytics solutions for pharmaceutical brands....more

Orrick, Herrington & Sutcliffe LLP

CFPB highlights challenges faced by successor homeowners in assuming mortgages

On December 17, the CFPB released an Issue Spotlight reporting on challenges that homeowners often face with mortgage servicing companies after a divorce or the death of a loved one which may cause them to become homeowners....more

Orrick, Herrington & Sutcliffe LLP

CFPB issues final rule on Property Assessed Clean Energy financing

On December 17, the CFPB finalized a rule concerning Property Assessed Clean Energy (PACE) financing. The final rule integrated existing residential mortgage protections to PACE loans, providing TILA and RESPA disclosure...more

Kelley Drye & Warren LLP

CTA Compliance Restored

Kelley Drye & Warren LLP on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit reinstated the immediate enforceability of the Corporate Transparency Act (CTA). In the case Texas Top Cop Shop, Inc. v. Garland, a three-judge...more

Orrick, Herrington & Sutcliffe LLP

New York State amends banking laws to require provision of pamphlet of mortgage applicant’s rights

On December 13, the Governor of New York signed into law AB 9686, which amends the New York State banking law by requiring the Superintendent of Financial Services to develop an informational pamphlet titled “What Mortgage...more

McGuireWoods LLP

Reporting Companies Have Less Than Three Weeks to File Beneficial Ownership Info With FinCEN

McGuireWoods LLP on

On Dec. 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted the government’s emergency motion for a stay of a District Court’s nationwide preliminary injunction against enforcement of the Corporate Transparency...more

Cooley LLP

US Corporate Transparency Act Reporting Requirements Back in Effect, With Deadline Extensions

Cooley LLP on

In an order dated December 23, 2024, in the case Texas Top Cop Shop, Inc. et al. v. Garland et al., the US Court of Appeals for the Fifth Circuit issued a stay pending appeal of a preliminary injunction issued by a lower...more

Brownstein Hyatt Farber Schreck

Fifth Circuit Decision Reinstates Corporate Transparency Act Deadlines

In a per curiam ruling dated Dec. 23, 2024, a three-judge panel of the Fifth Circuit Court of Appeals granted a temporary stay of the district court’s Dec. 5 order and injunction against enforcement of the Corporate...more

Epstein Becker & Green

CTA Revived: Corporate Transparency Act Injunction Lifted by Federal Court and Filing Deadlines Extended

Epstein Becker & Green on

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted the preliminary injunction blocking the enforcement of the Corporate Transparency Act (the “Act”)....more

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