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Saul Ewing LLP's Consumer Financial Services Litigation Practice recently hosted their annual half-day CLE program on Thursday, December 14. This program provided updates on consumer financial services litigation and enforcement trends, including federal and state governments' top consumer...
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...
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...
JTC AND SAUL EWING LLP PRESENT THE 2ND ANNUAL ADVANCED EB-5 INDUSTRY CONFERENCE - November 9, 2023 - Ronnie Fieldstone to Speak at Event This time last year, the EB-5 industry was in upheaval, with much uncertainty after the passage of the EB-5 Reform and Integrity Act of 2022. Now that the dust has...
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...
Cynthia Gomez will be a Panelist at the October 18th CLE Luncheon Hosted by the American Immigration Lawyers Association in Miami, FL. Cynthia will be one of four panelists, along with leaders from the Customs and Border Patrol offices in South Florida. The topic for Cynthia's panel is Department of...
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...
A recent opinion from the 3rd Circuit U.S. Court of Appeals confirmed what should be settled law: deathbed gifts made by personal check delivered before death but deposited after death remain part of the donor’s taxable estate and thus subject to estate tax. A lot of taxes, legal fees, and headache...