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” … [Continue reading] about OCC’s Final “True Lender” Rule Takes Effect
On December 10, the California Attorney General’s office provided “Notice of Fourth Set of Modifications” to regulations under the California Consumer Privacy Act. The new proposed regulatory text would modify the current regulations which took … [Continue reading] about California AG Proposes Regulatory Changes to CCPA
As the COVID-19 pandemic continues to persist across the nation, some state regulators have begun to consider, or have adopted, measures to allow employees of licensed entities to work from home, both during the pandemic and permanently … [Continue reading] about Alston & Bird Analyzes New Guidance on Remote Work in Client Alert
A&B Abstract: The Conference of State Bank Supervisors (“CSBS”) proposed regulatory prudential standards (the “Standards”) to develop a consistent regulatory structure of nonbank mortgage servicers. Comments on all aspects of the Standards are … [Continue reading] about CSBS Proposes Prudential Standards for Servicers
In a November 10 client advisory, our Financial Services & Products Group explores the case law and academic research surrounding the implications of a President removing a Senate-confirmed department head before the end of their term. Would … [Continue reading] about Could President Biden Appoint an Acting CFPB Director Under the FVRA? Not if He Fires Director Kraninger First