In a lengthy Executive Order issued on May 12, 2021 (the “Order”), the Biden Administration has taken steps “to make bold changes and significant investments” in both public and private sector cybersecurity “in order to defend the vital institutions … [Continue reading] about Executive Order Details Cybersecurity Changes For Public And Private Sectors
An Ominous Development in CFPB Supervision
A&B ABstract: The CFPB’s Bulletin 2021-01 released on March 31, 2021 announced changes to the Bureau's type of communications. Does this bulletin suggest a desire of the CFPB to use the examination process for purposes that go beyond … [Continue reading] about An Ominous Development in CFPB Supervision
Alston & Bird Welcomes Brendan Clegg
Brendan Clegg joined Alston & Bird in March 2021 as counsel in the Financial Services & Products Group in Washington, D.C. He focuses his practice on state and federal bank regulatory issues and advises bank and non-bank clients regarding … [Continue reading] about Alston & Bird Welcomes Brendan Clegg
The District of Columbia Continues to Fight the “True Lender” Rule in Court
A&B ABstract: Innovative partnerships between banks and nonbanks have expanded lending services to consumers and small businesses. These partnerships, known as marketplace lending arrangements, offer non-traditional loan products to consumers … [Continue reading] about The District of Columbia Continues to Fight the “True Lender” Rule in Court
The CFPB is Sending Mixed Messages on COVID-19 Flexibility
A&B ABstract: The CFPB’s inconsistent statements about the need for flexibility to address the pandemic suggest a deeper game afoot. CFPB warns that continued COVID flexibility for financial institutions is not prudent… On March 31, 2021, the … [Continue reading] about The CFPB is Sending Mixed Messages on COVID-19 Flexibility