News & Analysis as of

Pending Legislation Financial Services Industry Financial Regulatory Reform

Troutman Pepper

Minnesota House Passes Key Provisions of Debt Fairness Act

Troutman Pepper on

On April 15, the Minnesota House of Representatives passed the Commerce Policy Omnibus bill, which includes key provisions of the Minnesota Debt Fairness Act. Minnesota AG Keith Ellison supports this bill and celebrated its...more

Troutman Pepper

Washington State Passes Amendments to Bill Attacking Bank Model Lending and Banking-as-a-Service Programs

Troutman Pepper on

On March 8, Washington State’s legislature passed a significant amendment (SB 6025) to the Consumer Loan Act (CLA) targeting bank model lending. SB 6025 is an updated version of a prior bill...more

Troutman Pepper

Massachusetts Introduces Earned Wage Access Product Legislation

Troutman Pepper on

On February 15, Massachusetts became the latest state to introduce legislation to regulate earned wage access (EWA) products and services. House Bill (HB) 4456 would create a new chapter to the Massachusetts Code explicitly...more

Ballard Spahr LLP

NY legislature adjourns without action on bills that would significantly expand UDAP liability and persons entitled to sue

Ballard Spahr LLP on

The current session of the New York legislature adjourned on June 10, 2023 without any action on two bills (A. 7138 and S. 795) that would make sweeping changes to the provisions of the state’s general business law (Section...more

Ballard Spahr LLP

Comprehensive CREDIT Act Moves to Senate after Passing in House

Ballard Spahr LLP on

On January 29, 2020, the House passed H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 (“Comprehensive CREDIT Act”). Sponsored by Rep. Ayanna Pressley (D-MA), it...more

Carlton Fields

Are Bank Regulators "Mellowing Out" on Cannabis?

Carlton Fields on

Federal bank regulators no longer require banks to submit suspicious activity reports (SARs) for legally authorized hemp business transactions, absent another required circumstance....more

Ballard Spahr LLP

NY legislature passes bills to extend coverage of plain language law and prohibit use of social network information for evaluating...

Ballard Spahr LLP on

Two bills relevant to consumer finance have been passed by the New York Assembly and Senate and are awaiting Governor Cuomo’s signature. The first bill, S3704, would amend New York’s plain language requirement to extend...more

Polsinelli

U.S. House of Representatives Sends Regulatory Relief Bill to President’s Desk

Polsinelli on

On May 22, The House of Representatives voted 258-159 to pass a banking deregulation bill (S.2155) that loosens rules and requirements imposed on lenders by the Dodd-Frank Act of 2010. The legislation contains a number of...more

Hogan Lovells

Twin Peaks - Is it all uphill from here?

Hogan Lovells on

The Financial Sector Regulation Bill - The Financial Sector Regulation Bill (the Bill), currently before parliament, is the first phase in implementing the Twin Peaks Retail Distribution Review (RDR) model, which...more

9 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide