Mercedes Tunstall

Washington

Contributor at Freelance

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Articles

OCC Defends Federal Bank Preemption

1 week ago | mondaq.com | Mercedes Tunstall |Daniel E. Meade

In response to a request from the Conference of State BankSupervisors ("CSBS"), Acting Comptroller of the Currency,Rodney E. Hood, decisively defended OCC regulations regarding theability of national banks and Federal thrifts to preempt certainstate laws. Taking a cue from Executive Orders from the Presidentregarding ensuring government efficiency and reducinganti-competitive barriers, CSBS decided to formally requestrescission of the preemption regulations.
2022 Amendments Pass Both Houses Of NY Legislature

1 week ago | mondaq.com | Mercedes Tunstall

Breaking news out of the New York legislature that they have passed the 2022 Amendments to theUniform Commercial Code (UCC). The amendments would now go to the governor. In terms of theviability of using Article 12's provisions – addressingcontrollable electronic records ("CERs") forblockchain-based transactions, such as securitizations of realworld asset tokens ("RWAs") – New York was acrucial state.
Changes To CFPB Actions And Interpretations

1 week ago | mondaq.com | Mercedes Tunstall

It has been difficult to keep up with all of the changes thathave been happening with Consumer Financial Protection Bureau("CFPB") lawsuits and interpretations because the CFPBhas not been sending out press releases announcing all of itsactions, nor is there a Director of the CFPB that is making theseannouncements through other channels. Indeed, the last press release they posted was May 6.
Heating Up, June 2025 - OCC Defends Federal Bank Preemption | JD Supra

2 weeks ago | jdsupra.com | Daniel E. Meade |Mercedes Tunstall

In response to a request from the Conference of State Bank Supervisors (“CSBS”), Acting Comptroller of the Currency, Rodney E. Hood, decisively defended OCC regulations regarding the ability of national banks and Federal thrifts to preempt certain state laws. Taking a cue from Executive Orders from the President regarding ensuring government efficiency and reducing anti-competitive barriers, CSBS decided to formally request rescission of the preemption regulations.
Heating Up, June 2025 - 2022 Amendments Pass Both Houses of NY Legislature | JD Supra

2 weeks ago | jdsupra.com | Mercedes Tunstall

Breaking news out of the New York legislature that they have passed the 2022 Amendments to the Uniform Commercial Code (UCC). The amendments would now go to the governor. In terms of the viability of using Article 12’s provisions – addressing controllable electronic records ("CERs") for blockchain-based transactions, such as securitizations of real world asset tokens ("RWAs") – New York was a crucial state.
Heating Up, June 2025 - Changes to CFPB Actions and Interpretations | JD Supra

2 weeks ago | jdsupra.com | Mercedes Tunstall

It has been difficult to keep up with all of the changes that have been happening with Consumer Financial Protection Bureau (“CFPB”) lawsuits and interpretations because the CFPB has not been sending out press releases announcing all of its actions, nor is there a Director of the CFPB that is making these announcements through other channels. Indeed, the last press release they posted was May 6.
Rules in Motion, May 2025 - Another Update on the CFPB | JD Supra

1 month ago | jdsupra.com | Mercedes Tunstall

Since our last report on what is happening with the Consumer Financial Protection Bureau (“CFPB”) during this administration, we have seen the Trump nominee for Director of the CFPB retracted from consideration in front of the Senate and an effective deadlock on the case brought by the National Treasury Employee Union (“NTEU”) seeking to prevent CFPB Acting Director Russell Vought from firing up to 90% of CFPB staff.
Certainty and Uncertainty, May 2025 - Passive Trusts in Maryland — Progress Regarding the Emergency Regulations | JD Supra

1 month ago | jdsupra.com | Mercedes Tunstall

As we reported previously (click here), the Maryland Office of Financial Regulation (“OFR”) issued emergency regulations this past January which indicated that passive trusts holding residential mortgage loans, even those used as part of securitizations, needed to hold Maryland mortgage lender licenses.
CFPB v. NCSLT Again Again Again

1 month ago | mondaq.com | Mercedes Tunstall

As if the saga of litigation involving the Consumer FinancialProtection Bureau ("CFPB") and National Collegiate MasterStudent Loan Trusts ("NCSLT") that has been going onsince 2017 has not been protracted and complicated enough, on April29, 2025, the CFPB and the entities that represent the interests ofNCSLT jointly stayed the settlement that had finally been reachedbetween the parties.
Emerging Market Trends In Derivatives Industry

1 month ago | mondaq.com | Peter Y. Malyshev |Mercedes Tunstall |Daniel E. Meade

In the post-pandemic world, several trends are developing thatwill fundamentally change the way financial market participantsmanage commercial risk or trade traditional and rapidly evolvingnovel assets, while new classes of participants are necessitating afundamental rethink of how Federal and State regulators ensuresafety and soundness of U.S. financial markets. This articleidentifies these trends and explores how these changes are likelyto affect future regulations and compliance needs.