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Introduction The introduction to the final regulations issued under the Corporate Transparency Act (“CTA”) by the Financial Crimes Enforcement Network of the United States Treasury (“FinCEN”) states that, “[i]llicit actors frequently use corporate structures such as shell and front companies to...
On November 21, 2023, the Federal Trade Commission (FTC) approved a resolution allowing it to use “compulsory process in nonpublic investigations involving certain products and services that use or claim to be produced using artificial intelligence (AI) or claim to detect its use.” This allows the...
“Company applicants” — the term may sound vague, but the identities of “company applicants” of reporting companies are just as important under the new federal Corporate Transparency Act (the “CTA”) as the identities of the beneficial owners of those companies. What You Need to Know: The era of...
On October 31, 2023, a Missouri jury awarded the plaintiff class in Sitzer/Burnett v. Nar, et al a $1.78 billion damages verdict against several real estate brokerage companies and the National Association of Realtors, based on a finding that the defendants conspired to fix commission being paid by...
I. Introduction: On October 3, 2023, the U.S. Supreme Court held oral argument in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau. This case has potentially widespread implications for the consumer finance industry, as it challenges the...
In September, the Consumer Financial Protection Bureau issued guidance on compliance with the Equal Credit Opportunity Act’s adverse action notice requirements for lenders utilizing artificial intelligence in their credit decision process. Specifically, the Bureau noted that lenders may not rely...
Notable: Envisioning the Modern ABA - A Practical How-To for Building a Compliant, Scalable JV Agency This session will take an updated, practical look at building compliant joint ventures in today's economic and regulatory climate. Panelists will discuss from both a compliance and operational...
WASHINGTON, D.C., (SEPT 14, 2023) – In joining Saul Ewing as a new partner, Jason McElroy brings 20 years of experience as a trial lawyer representing clients in federal and state courts in a wide range of matters, including consumer financial services litigation. He is resident in the firm’s...
It's Who You Know - Tips for Building Your Community and Brand Moderator: Michael Joyce, Saul Ewing; Panelists: Paul Malanowski, Saul Ewing, Shannon Lombardo, Saul Ewing, and Nathan Platt, Deputy General Counsel at Liberty Tire Recycling As in-house counsel, developing and utilizing your network is...
NEW YORK, NY, (June 27, 2023) – In joining Saul Ewing as a new partner, Peri Berger will represent clients facing complex commercial disputes involving breach of contract, fraud, business ownership and control, intellectual property, trade secrets and other threats related to their operations in...
On May 25, 2023, Florida Governor Ron DeSantis signed legislation amending the Florida Telephone Solicitation Act (“FTSA”). The amendment is intended to reign in the proliferation of individual and consumer class actions filed under the FTSA against businesses. The amendment covers several key areas...