In the consumer deposits and payments products space, the banking as a service (BaaS) model creates significant opportunities for fintech innovation and consumer choice — but BaaS arrangements have also drawn the attention of…
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/ Commercial Law & Contracts, Consumer Protection, Finance & Banking
On June 5, 2025, the U.S. Supreme Court in CC/Devas (Mauritius) Ltd., et al. v. Antrix Corp., et al., No. 23-1201 held that personal jurisdiction exists over a foreign entity under the Foreign Sovereign Immunities Act (FSIA)…
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/ Civil Procedure, Constitutional Law, International Law & Trade
On June 5, 2025, the U.S. Supreme Court dismissed as improvidently granted the writ of certiorari in Laboratory Corporation of America Holdings v. Luke Davis, No. 22-55873, which raised whether a federal court may certify a…
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/ Civil Procedure, Civil Rights, Constitutional Law
On June 3, 2025, the Federal Labor Court (Bundesarbeitsgericht) ("BAG") ruled that employees are entitled to financial compensation for outstanding statutory minimum vacation days. Even if a court settlement includes an…
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/ Labor & Employment Law
Defense technology companies in Germany operate in a highly regulated environment that requires careful navigation of various legal requirements. Key regulations include national or EU legislation on handling of defense-related…
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/ Administrative Law, International Law & Trade, Military Law
Recently, Rep. Bill Huizenga (R-MI), Vice Chair of the House Committee on Financial Services, introduced H.R. 3445, a proposal to amend the CFPA and restructure the CFPB into an independent agency governed by a bipartisan…
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/ Administrative Law, Consumer Protection, Finance & Banking
On May 27, Sens. Sheldon Whitehouse (D-RI) and Charles Grassley (R-IA) wrote to the Treasury encouraging recission of the interim final rule requiring “foreign reporting companies,” but not domestic entities or U.S. citizens, to…
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/ Administrative Law, Business Organizations, Finance & Banking
On June 3, the OCC Acting Comptroller, Rodney E. Hood, delivered remarks outlining how he plans to build a resilient and resurgent financial system. The Acting Comptroller emphasized four key strategies: accelerating…
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/ Administrative Law, Finance & Banking
On May 30, the Fed released its results of its Senior Financial Officer Survey summarizing responses from bank officers regarding their reserve balance management strategies and practices. The survey concluded on March 31 and…
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/ Finance & Banking
On June 2, the OCC released a list of CRA performance evaluations that became public during the month of May. The OCC evaluated 18 banking entities, including national banks, federal savings associations, and insured federal…
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/ Administrative Law, Finance & Banking
On May 30, the FDIC published a list of administrative enforcement actions taken against banks and individuals during the month of April as well as two decisions from 2024 that were omitted from previous FDIC publications. The…
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/ Administrative Law, Finance & Banking
On May 27, the U.S. District Court for the Southern District of Texas granted a motion for attorneys’ general fees and costs against a defendant incurred in contempt proceedings for violations of a previous stipulated permanent…
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/ Civil Remedies, Communications & Media Law, Consumer Protection
On May 29, the U.S. District Court for the Middle District of North Carolina denied a motion to dismiss an action filed against several finance companies accused of violating North Carolina’s consumer protection laws. The…
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/ Civil Procedure, Consumer Protection, Finance & Banking
On May 28, the U.S. Court of Appeals for the Second Circuit affirmed a judgment issued by a district court judge in U.S. SDNY dismissing a plaintiff-appellant’s claims under the FCRA for allegedly failing to reasonably…
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/ Consumer Protection, Finance & Banking
On May 25, the Maryland General Assembly chaptered HB 1294 and affirmatively subjected earned wage access products to the Maryland consumer credit and licensing provisions. The law requires companies that offer earned wage…
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/ Administrative Law, Consumer Protection, Finance & Banking
