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State Law

New Virginia Privacy Law Promises Big Impacts

March 3, 2021 By Michael Young and Dorian Simmons

Virginia became the second state after California to pass a comprehensive privacy law when the governor signed the Consumer Data Protection Act, which contains many elements found in the California Consumer Privacy Act and other proposed privacy frameworks, as well as a number of new requirements for businesses. In a client advisory, our Privacy, Cyber […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #consumerdataprotectionact

New York State Revises Restrictive HECM Foreclosure Law

February 11, 2021 By Stephen Ornstein

A&B ABstract On December 15, 2020, New York State enacted legislation amending the New York Real Property Law that would have placed various restrictions and requirements on the servicing of Home Equity Conversion Mortgages secured by New York properties effective as of April 14, 2021 (the “Foreclosure Law”).  The new law would significantly hinder a […]

Filed Under: Mortgage Loans, State Law Tagged With: #HECM

Virginia Ready to Pass First State Privacy Statute after CCPA

February 8, 2021 By Dorian Simmons

Both houses of Virginia’s legislature recently passed the Virginia Consumer Data Protection Act (S.B. 1392; H.B. 2307) (VCDPA). If approved by the state governor, the VCDPA would become the United States’ second comprehensive state privacy law behind the California Consumer Privacy Act (CCPA).  For a comparison of the VCDPA to the CCPA and the European Union’s […]

Filed Under: Privacy and Cybersecurity, State Law Tagged With: #VCDPA

Federal Court Dismisses Lawsuit Challenging Minnesota Eviction Moratorium

January 11, 2021 By Jason Levine

  A&B ABstract: A federal district court dismissed a lawsuit filed by two landlords who sought to invalidate the Governor of Minnesota’s moratorium on evicting residential tenants for failure to pay rent during the pandemic.  The Eviction Moratorium In an Executive Order dated March 23, 2020, Minnesota Governor Timothy Walz suspended landlords’ ability to file […]

Filed Under: CARES Act, State Law Tagged With: #eviction #moratorium

OCC’s Final “True Lender” Rule Takes Effect

December 27, 2020 By Stephen Ornstein

A&B ABstract: On October 27, 2020, the Office of the Comptroller of the Currency (“OCC”) issued a noteworthy final rulemaking that sets forth when a national bank or federal savings association originates a loan and is deemed the “true lender” in the context of a partnership between a bank and a non-bank third party, known […]

Filed Under: State Law Tagged With: #marketplace, #truelender

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