Last week the New York Department of Financial Services (the “Department”) issued letters to all its licensed financial institutions. Based on these letters (available here and here), all Department licensees must assess and plan for the financial … [Continue reading] about New York Financial Regulator Requires COVID-19 Risk Assessment, Operational Planning
Six Practical Tips for Practicing Cyberhygiene in the Middle of a Global Pandemic
Businesses large and small are encouraging (or requiring) employees to work remotely or cancel work travel as part of the response to COVID-19. But suddenly expanding the number of employees working remotely comes with increased cybersecurity and … [Continue reading] about Six Practical Tips for Practicing Cyberhygiene in the Middle of a Global Pandemic
Coronavirus and Securitization: Disclosure and Diligence Issues
Mortgage-backed and asset-backed securities are beginning to feel the effects of quarantines and social distancing as people spend – and earn – less money. Our Finance Group explores the basic disclosures to consider with any securitization and how … [Continue reading] about Coronavirus and Securitization: Disclosure and Diligence Issues
NYDFS Extends Transition Period for Part 419 Compliance by Additional 90 Days
On March 13, 2020, the New York Department of Financial Services (“NYDFS”) adopted, on an emergency basis, amendments (the “Emergency Adoption”) to the final mortgage servicer business conduct rules found in Part 419 of the Superintendent’s … [Continue reading] about NYDFS Extends Transition Period for Part 419 Compliance by Additional 90 Days
California Attorney General Issues Second Round of Modifications to CCPA Regulations
On March 11, 2020, California Attorney General Xavier Becerra announced a second round of modifications to the draft regulations his office is preparing for the California Consumer Privacy Act (the “Draft CCPA Regulations”). These modifications … [Continue reading] about California Attorney General Issues Second Round of Modifications to CCPA Regulations