Year: 2025

While the U.S. Congress has yet to pass the Guiding and Establishing National Innovation for US Stablecoins Act of 2025 (“GENIUS Act”) and other key legislation, the current administration has already made clear that the future will include digital assets supported by blockchain technology. Add artificial intelligence (AI) capabilities,… Read More

The District Court for the Northern District of Texas granted yesterday’s joint motion for Entry of Consent Judgement in the ongoing late fee litigation in Texas with regard to Count II (regarding violation of the CARD Act) and dismissal…Read More

The Consumer Financial Protection Bureau and plaintiffs have filed a Joint Motion for Entry of Consent Judgement in the ongoing late fee litigation in Texas with regard to Count II (regarding violation of the CARD Act) and dismissal with… Read More

The California Department of Financial Protection and Innovation (“DFPI”) recently issued a reminder that certain “covered providers” engaged in the business of offering or providing commercial financing to “covered entities”…Read More

Marking the latest move in the ongoing saga surrounding the Small Loan Act in Ohio, the Ohio Division of Financial Institutions posted a new Bank Partnership Guidance FAQ on Friday, January 31. The FAQ follows the publication and rescission of an Alert on the same topic in December, the publication of a “Bank Partnership Guidance”…Read More

The Ohio Division of Financial Institutions posted the second Alert regarding bank partnership on its website. Last week the Division posted new “Bank Partnership Guidance.” In December the Division posted a bank partnership Alert that it subsequently removed… Read More

Today, the Ohio Division of Financial Institutions posted on its website a new “Bank Partnership Guidance” interpreting the Ohio Small Loan Act (“SLA”) to apply to nonbank entities that arrange for or broker any bank loan of $5,000 or less. This new Guidance comes in the wake of the Division’s publication…Read More