Searching Content indexed under Financial Services by Hunton Andrews Kurth LLP ordered by Published Date Descending.
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ARRC Releases Recommended LIBOR Fallback Language
As many corporate borrowers and their treasury professionals are aware, the US Dollar LIBOR will cease to exist at the end of 2021
United States
30 May 2019
Florida To Enhance Scrutiny Of Business Purpose Mortgage Loans
Florida has enacted a law to crack down on mortgage lenders circumventing residential mortgage licensing and disclosure requirements under the guise of making business-purpose loans.
United States
9 May 2019
US Adds Banco Central De Venezuela To OFAC's SDN List And Expands Sanctions As To Operations In The Financial Sector
What Happened: On April 17, 2019, the Department of Treasury's Office of Foreign Assets Control designated Banco Central de Venezuela to OFAC's Specially Designated Nationals and Blocked Persons List.
United States
7 May 2019
Blockchain Legal Resource: DFS Denies Bittrex Applications For New York Virtual Currency And Money Transmitter Licenses
In a letter released to the public on April 10, 2019, New York's Department of Financial Services (DFS) denied Bittrex's two separate applications to engage in a virtual currency business
United States
2 May 2019
Third Circuit Again Refuses To Read Supreme Court's Henson Decision To Exclude Debt Buyer From Qualifying As "Debt Collector" Under FDCPA
In 2017, the Supreme Court held that a company that collects charged-off debts that it purchases for its own account does not qualify as a "debt collector" under one definition
United States
27 Mar 2019
Privacy & Information Security Law Blog: FTC Proposes Changes To GLB Privacy And Safeguards Rules
On March 5, 2019, the Federal Trade Commission announced that it is seeking comment on proposed changes to the FTC's Safeguards Rule and Privacy Rule ...
United States
19 Mar 2019
Pennsylvania Issues Money Transmitter Act Guidance For Virtual Currency Businesses
The Pennsylvania Department of Banking and Securities recently issued guidance under the Money Transmitter Act ("MTA") for entities engaged in various forms of virtual currency business in the commonwealth.
United States
18 Feb 2019
Hunton Insurance Recovery Blog: Federal Court Rejects Insurer's Narrow Interpretation Of Securities Insuring Agreement And Applies Notice-Prejudice Rule To Financial Institution Bond
A federal court last month turned away an insurer's legal arguments seeking to avoid financial institution bond coverage for a bank's losses resulting from a borrower's use of forged documents
United States
12 Feb 2019
New Beneficial Ownership Rules In Full Effect: What To Expect And How To Manage The New Procedures
The Financial Crimes Enforcement Network (FinCEN) issued a final rule on May 11, 2016, (effective for covered financial institutions on May 11, 2018)
United States
8 Feb 2019
Hunton Retail Law Resource Blog: Your Cash Is Not Welcome Here
Retail stores and businesses are generally free to develop their own policies regarding acceptance or non-acceptance of certain forms of payment.
United States
28 Jan 2019
Blockchain Legal Resource: CFTC Publishes Primer On Smart Contracts
The Commodity Futures Trading Commission ("CFTC") recently published a detailed primer on smart contracts.
United States
12 Dec 2018
Blockchain Legal Resource: SEC Plans "Plain English" ICO Guidance
At a recent securities regulation conference, Bill Hinman, Director of the SEC's Division of Corporation Finance, indicated that the agency intends to release "plain English" ...
United States
20 Nov 2018
Opportunity Zone Update - IRS Issues Proposed Regulations, Revenue Ruling 2018-29 And Form 8996
On October 19, 2018, the Internal Revenue Service issued (a) highly-anticipated, first set of proposed regulations (REG-115420-18) providing guidance on investing in Qualified Opportunity Funds ...
United States
26 Oct 2018
Hunton Insurance Recovery Blog: "Crypto-Property:" Ohio Court Says Crypto-Currency Is Personal Property Under Homeowners' Policy
In what appears to be a case of first impression, an Ohio trial court ruled in Kimmelman v. Wayne Insurance Group, that the crypto-currency
United States
25 Oct 2018
Blockchain Legal Resource: Senate Banking Committee Explores Blockchain
On October 11, 2018, the Senate Banking Committee held a wide-ranging hearing entitled "Exploring the Cryptocurrency and Blockchain Ecosystem."
United States
17 Oct 2018
Blockchain Legal Resource: SEC And CFTC Charge A Bitcoin-Funded International Securities Dealer
On September 27, 2018, the Securities Exchange Commission ("SEC") and Commodity Futures Trading Commission ("CFTC") charged an international securities ...
United States
4 Oct 2018
Hunton Employment & Labor Perspectives: New Compliance Requirements For FCRA Background Checks
The Consumer Financial Protection Bureau ("CFPB") issued a new "A Summary of Your Rights Under the Fair Credit Reporting Act" ("FCRA") ("Summary of Rights") form on September 12, 2018.
United States
26 Sep 2018
The Regulators And Guidance: Thou Doth Protest Too Much
In our recent article in The Banking Law Journal, we discussed bank regulatory "guidance" that the U.S. Government Accountability Office ("GAO") ...
United States
20 Sep 2018
IRS Treats Subpart F Income Inclusions Of Offshore TRSs As Qualifying Income For The REIT 95% Gross Income Test
New favorable guidance from the IRS (Revenue Procedure 2018-48, or the "Revenue Procedure") clarifies that subpart F inclusions of foreign taxable REIT subsidiaries ("TRSs") ...
United States
19 Sep 2018
Blockchain Legal Resource: New York DFS Authorizes Two Stablecoins
Gemini is controlled by the Winklevoss brothers, whose application for a Bitcoin ETF was recently denied by the SEC.
United States
14 Sep 2018
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