United States: Business News Digest - September 2014

Last Updated: September 10 2014
Article by Robert L. Waldman

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from August 2014.

ANNOUNCEMENTS

Legal 500 Ranks Venable's Corporate Group Top Nationally for Middle Market M&A

Venable's national Corporate Group continued to earn high marks in the latest edition of Legal 500, leading the way with a Tier 1 ranking in the M&A: Middle-Market (Sub-$500m) category. The group also received high marks in the Technology: Outsourcing, Technology: Transactions, and Real Estate Investment Trusts (REITs) categories. Corporate Practice Co-Chair Charles J. Morton, Jr. and partner William T. Russell received special recognition as Leading Lawyers for M&A: Middle Market (Sub $500m) Technology: Transactions respectively.

Venable's Corporate Group Attorneys Recognized in 2015 Edition of The Best Lawyers in America

For more than three decades, Best Lawyers has earned the respect of the legal profession, the media, and the public, as the most reliable, unbiased source of legal referrals anywhere. This year, 95 Venable attorneys, including 13 members of the Corporate Group, were recognized in 49 categories in The Best Lawyers in America. Selections are made by attorneys' peers and feature a broad cross section of Venable practices and attorneys from the firm's Baltimore, MD; Los Angeles, CA; New York, NY; San Francisco, CA; Towson, MD; Tysons Corner, VA; and Washington, DC offices.

ARTICLES

Regulatory Update on Recent FinCEN Anti-Money Laundering Developments

This alert by Venable attorneys D. E. Wilson, Jr., Ralph E. Sharpe, and Andrew E. Bigart provides a brief update on recent developments involving the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury responsible for developing anti-money laundering (AML) requirements for financial institutions.

Click to read about FinCEN's proposed rulemaking on customer due diligence on beneficial owners, their advisories on AML issues, and recent enforcement actions.

CFPB Issues Consumer Advisory Concerning Virtual Currency

The Consumer Financial Protection Bureau recently issued a Consumer Advisory about virtual currency. The Bureau, write Venable attorneys Allyson B. Baker, Suzanne Fay Garwood, and D. E. Wilson, Jr., also announced that its consumer complaint database is now accepting complaints about virtual currency. The Bureau, of course, uses its consumer complaint database as a way to prioritize its regulatory and policy-making activities – and virtual currency may soon be on the Bureau's priority list.

Click for a summary of the Consumer Advisory Notice.

Mortgage Lending: Important Lessons about Advertising, Affiliates, and Authorizations

On August 12, the Consumer Financial Protection Bureau (CFPB or Bureau) entered into a consent order with an online mortgage company, its affiliated appraisal company, and its chief executive officer; they agreed to pay $20.8 million to settle allegations of deceptive advertising and illegal lending practices. This particular action, write Venable attorneys Suzanne Fay Garwood, Allyson B. Baker, and Jonathan L. Pompan, reflects the CFPB's continued focus on mortgage lending and online advertising practices.

Read how this enforcement action provides a window into potential pitfalls that third-party marketers can encounter when advertising mortgages online.

Ready for Comment: FWS Proposal Encourages Voluntary Conservation Measures for At-Risk Species

The U.S. Fish and Wildlife Service recently proposed a new policy that would give landowners credit for undertaking voluntary conservation measures for imperiled species prior to their listing under the Endangered Species Act, write Venable attorneys Margaret N. Strand, Gregory S. Braker, Kathryn Kusske Floyd, Jay C. Johnson, and Laura E. Boorman. The proposed policy was published in the Federal Register on July 22, 2014. Interested parties may provide comments to the FWS during the 60-day comment period which ends September 22, 2014.

Click to find out why you should comment and for additional information on the new policy.

UPCOMING EVENTS

Venable LLP's 2014 Intellectual Property Symposium

September 10, 2014 | 12:30 - 6:30 p.m. ET

We invite you to join us for our inaugural Intellectual Property Symposium, a half-day event in our Washington, DC office.

We have designed this informative program to help in-house counsel and other IP professionals successfully navigate the challenges of an ever-changing environment. Following a keynote luncheon, distinguished guest panelists with a wide range of IP experience will join attorneys from Venable's global practice for interactive panel discussions. We will end the day with a networking reception on our rooftop.

The event is complimentary and CLE will be available.

Click here for more information and to register.

What's Ahead for 2015: Preparing Your Nonprofit's Group Health Plan for the Employer Mandate

September 16, 2014 | 12:00 - 2:00 p.m. ET

This past spring, the IRS issued final regulations relating to the employer mandate under the Affordable Care Act. If your nonprofit organization has not done so already, it is time to prepare for 2015. These "play-or-pay" rules come with a series of complicated decisions and potential pitfalls for plan sponsors to consider. Please join us and learn how your nonprofit can avoid costly mistakes with proper advance planning.

Click here for more information and to register.

Best Practices for Effective Fund Lifecycle Management: Maintaining Alignment in Mature Funds for GPs and LPs

September 30, 2014

Venable LLP, Newport Board Group LLC, and AccuVal Associates, Inc. will host a webinar on September 30th that will examine the life cycle of a fund for LPs and Fund Managers of later stage private equity and venture funds.

Second Annual Nonprofit Executive Summit: Bringing Nonprofit Leaders Together to Discuss Legal, Finance, Tax, and Operational Issues Impacting the Sector

October 2, 2014 | 8:00 a.m. - 4:00 p.m. ET

Following a successful inaugural event last fall, Venable and CliftonLarsonAllen are hosting the second-annual Nonprofit Executive Summit, a complimentary full-day symposium bringing leaders together to explore a wide range of critical issues impacting the sector. This invitation-only event promises to be a valuable educational and networking opportunity.

CAE credit is available for this event.

Click here for more information and to register.

Bridging the Gaps: An Advertising Law Symposium

October 20, 2014 | 8:00 a.m. - 5:15 p.m. PT

Please join us for an invitation-only Advertising Law Symposium at the San Francisco Marriott Marquis on Monday, October 20, 2014. This all-day MCLE-accredited program will provide an opportunity for guests to exchange ideas and network with Venable attorneys, regulatory insiders, and top advertising law thought leaders. Key topics to be addressed include challenging competitor advertising, social media and ethics requirements, branded entertainment, digital media, gaming, health related marketing claims, and FTC and CFPB regulations.

Confirmed speakers include:

  • Ross Hoffman, Director of Brand Strategies US, Twitter (Keynote Speaker)
  • Sheila Jambekar, Senior Counsel, Zynga
  • Yan Fang, Senior Attorney, Federal Trade Commission, Western Regional Office
  • Gabriel Martinez, Advertising Counsel, The Clorox Company
  • Laura Brett, Staff Attorney, National Advertising Division of the Council of Better Business Bureaus
  • Judge Marilyn Patel (retired), U.S. District Court for the Northern District of California

Click here for more information and to register.

Venable's San Francisco Office Celebrates One Year

October 20, 2014 | 5:30 p.m. PT

Please join us for cocktails & hors d'oeuvres as we celebrate the one-year anniversary of our San Francisco office. The anniversary celebration will be held at the Press Club in San Francisco on October 20, 2014 at 5:30 p.m. This invite-only event will provide an opportunity for guests to network and learn more about Venable's efforts and achievements on the west coast. Venable attorneys from San Francisco and other offices will be in attendance as well.

Click here for more information and to register.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

Authors
 
In association with
Related Video
Up-coming Events Search
Tools
Print
Font Size:
Translation
Channels
Mondaq on Twitter
 
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
 
Email Address
Company Name
Password
Confirm Password
Position
Mondaq Topics -- Select your Interests
 Accounting
 Anti-trust
 Commercial
 Compliance
 Consumer
 Criminal
 Employment
 Energy
 Environment
 Family
 Finance
 Government
 Healthcare
 Immigration
 Insolvency
 Insurance
 International
 IP
 Law Performance
 Law Practice
 Litigation
 Media & IT
 Privacy
 Real Estate
 Strategy
 Tax
 Technology
 Transport
 Wealth Mgt
Regions
Africa
Asia
Asia Pacific
Australasia
Canada
Caribbean
Europe
European Union
Latin America
Middle East
U.K.
United States
Worldwide Updates
Check to state you have read and
agree to our Terms and Conditions

Terms & Conditions and Privacy Statement

Mondaq.com (the Website) is owned and managed by Mondaq Ltd and as a user you are granted a non-exclusive, revocable license to access the Website under its terms and conditions of use. Your use of the Website constitutes your agreement to the following terms and conditions of use. Mondaq Ltd may terminate your use of the Website if you are in breach of these terms and conditions or if Mondaq Ltd decides to terminate your license of use for whatever reason.

Use of www.mondaq.com

You may use the Website but are required to register as a user if you wish to read the full text of the content and articles available (the Content). You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these terms & conditions or with the prior written consent of Mondaq Ltd. You may not use electronic or other means to extract details or information about Mondaq.com’s content, users or contributors in order to offer them any services or products which compete directly or indirectly with Mondaq Ltd’s services and products.

Disclaimer

Mondaq Ltd and/or its respective suppliers make no representations about the suitability of the information contained in the documents and related graphics published on this server for any purpose. All such documents and related graphics are provided "as is" without warranty of any kind. Mondaq Ltd and/or its respective suppliers hereby disclaim all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Mondaq Ltd and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use or performance of information available from this server.

The documents and related graphics published on this server could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein. Mondaq Ltd and/or its respective suppliers may make improvements and/or changes in the product(s) and/or the program(s) described herein at any time.

Registration

Mondaq Ltd requires you to register and provide information that personally identifies you, including what sort of information you are interested in, for three primary purposes:

  • To allow you to personalize the Mondaq websites you are visiting.
  • To enable features such as password reminder, newsletter alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our information providers who provide information free for your use.

Mondaq (and its affiliate sites) do not sell or provide your details to third parties other than information providers. The reason we provide our information providers with this information is so that they can measure the response their articles are receiving and provide you with information about their products and services.

If you do not want us to provide your name and email address you may opt out by clicking here .

If you do not wish to receive any future announcements of products and services offered by Mondaq by clicking here .

Information Collection and Use

We require site users to register with Mondaq (and its affiliate sites) to view the free information on the site. We also collect information from our users at several different points on the websites: this is so that we can customise the sites according to individual usage, provide 'session-aware' functionality, and ensure that content is acquired and developed appropriately. This gives us an overall picture of our user profiles, which in turn shows to our Editorial Contributors the type of person they are reaching by posting articles on Mondaq (and its affiliate sites) – meaning more free content for registered users.

We are only able to provide the material on the Mondaq (and its affiliate sites) site free to site visitors because we can pass on information about the pages that users are viewing and the personal information users provide to us (e.g. email addresses) to reputable contributing firms such as law firms who author those pages. We do not sell or rent information to anyone else other than the authors of those pages, who may change from time to time. Should you wish us not to disclose your details to any of these parties, please tick the box above or tick the box marked "Opt out of Registration Information Disclosure" on the Your Profile page. We and our author organisations may only contact you via email or other means if you allow us to do so. Users can opt out of contact when they register on the site, or send an email to unsubscribe@mondaq.com with “no disclosure” in the subject heading

Mondaq News Alerts

In order to receive Mondaq News Alerts, users have to complete a separate registration form. This is a personalised service where users choose regions and topics of interest and we send it only to those users who have requested it. Users can stop receiving these Alerts by going to the Mondaq News Alerts page and deselecting all interest areas. In the same way users can amend their personal preferences to add or remove subject areas.

Cookies

A cookie is a small text file written to a user’s hard drive that contains an identifying user number. The cookies do not contain any personal information about users. We use the cookie so users do not have to log in every time they use the service and the cookie will automatically expire if you do not visit the Mondaq website (or its affiliate sites) for 12 months. We also use the cookie to personalise a user's experience of the site (for example to show information specific to a user's region). As the Mondaq sites are fully personalised and cookies are essential to its core technology the site will function unpredictably with browsers that do not support cookies - or where cookies are disabled (in these circumstances we advise you to attempt to locate the information you require elsewhere on the web). However if you are concerned about the presence of a Mondaq cookie on your machine you can also choose to expire the cookie immediately (remove it) by selecting the 'Log Off' menu option as the last thing you do when you use the site.

Some of our business partners may use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies and we are not aware of any at present that do so.

Log Files

We use IP addresses to analyse trends, administer the site, track movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.

Links

This web site contains links to other sites. Please be aware that Mondaq (or its affiliate sites) are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of these third party sites. This privacy statement applies solely to information collected by this Web site.

Surveys & Contests

From time-to-time our site requests information from users via surveys or contests. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Information requested may include contact information (such as name and delivery address), and demographic information (such as postcode, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the functionality of the site.

Mail-A-Friend

If a user elects to use our referral service for informing a friend about our site, we ask them for the friend’s name and email address. Mondaq stores this information and may contact the friend to invite them to register with Mondaq, but they will not be contacted more than once. The friend may contact Mondaq to request the removal of this information from our database.

Emails

From time to time Mondaq may send you emails promoting Mondaq services including new services. You may opt out of receiving such emails by clicking below.

*** If you do not wish to receive any future announcements of services offered by Mondaq you may opt out by clicking here .

Security

This website takes every reasonable precaution to protect our users’ information. When users submit sensitive information via the website, your information is protected using firewalls and other security technology. If you have any questions about the security at our website, you can send an email to webmaster@mondaq.com.

Correcting/Updating Personal Information

If a user’s personally identifiable information changes (such as postcode), or if a user no longer desires our service, we will endeavour to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the “Your Profile” page or by sending an email to EditorialAdvisor@mondaq.com.

Notification of Changes

If we decide to change our Terms & Conditions or Privacy Policy, we will post those changes on our site so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

How to contact Mondaq

You can contact us with comments or queries at enquiries@mondaq.com.

If for some reason you believe Mondaq Ltd. has not adhered to these principles, please notify us by e-mail at problems@mondaq.com and we will use commercially reasonable efforts to determine and correct the problem promptly.