01/04/2025 National days of mourning do not require or allow businesses or banks to close like a federal holiday normally does. |
12/27/2024 If you are confused, it is understandable. Three days after the United States Court of Appeals for the Fifth Circuit reinstated the Beneficial Ownership Rule, the same court has now paused the rule for small businesses. |
12/26/2024 The United States Court of Appeals for the Fifth Circuit has reinstated the Beneficial Ownership Rule under the Corporate Transparency Act for businesses. |
12/12/2024 The Consumer Financial Protection Bureau (CFPB) is expected to release a new rule today that caps overdraft fees at five dollars ($5) without an APR disclosure. |
12/12/2024 The federal bank regulatory agencies announced their third notice requesting comment to reduce regulatory burden. |
12/06/2024 Kentucky passed Senate Bill 47 on March 30, 2023, which legalized medical cannabis in Kentucky. The legalization of medical cannabis in Kentucky creates a conflict with federal law, where manufacturing, distributing, and selling cannabis remains illegal. |
12/04/2024 Less than a month before a Jan. 1 deadline for businesses to report their beneficial owners to the Financial Crimes Enforcement Network (FINCEN), the United States District Court for the Eastern District of Texas has enjoined small businesses from having to report their beneficial ownership information. |
12/04/2024 “The joint statement provides strategies that can be effective in identifying, preventing and responding to elder financial exploitation. The joint statement does not establish new supervisory expectations or impose new regulatory requirements.” |
11/25/2024 One of the most common questions since the last election is: what is going to happen to pending rulemaking? |