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Jan 6, 2025 | 
jdsupra.com | Alexander J. Lazar |Mehul Madia |Moorari Shah
As 2024 concludes, financial markets are witnessing significant shifts, particularly within the world of cryptocurrency. As crypto investors profit, many cash out from more volatile assets, such as Bitcoin, to safer options such as real-world asset (“RWA”) tokens—tokenized representations of tangible assets traded on a blockchain, and stablecoins—assets pegged to traditional currencies like the U.S. dollar.
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Nov 26, 2024 | 
mondaq.com | A.J. Dhaliwal |Moorari Shah |James G. Gatto
As companies increasingly adopt artificial intelligence tools
for monitoring and evaluating employees, financial regulators
— especially the Consumer Financial Protection Bureau —
are intensifying their focus on compliance requirements, making it
clear that these regulatory bodies have a significant impact on
employers' operations and responsibilities.
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Oct 7, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |Mehul Madia |Moorari Shah
On October 1, the CFPB issued an advisory opinion highlighting that debt collectors engaging in certain practices with respect to the collection of medical debts are strictly liable under the FDCPA and Regulation F. The Bureau’s advisory opinion states that medical debts disproportionately impact groups like young adults, low-income individuals, Black and Hispanic people, veterans, and the elderly.
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Oct 4, 2024 | 
natlawreview.com | Moorari Shah
Skip to main content October 04, 2024 Volume XIV, Number 278 Legal Analysis. Expertly Written. Quickly Found.
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Aug 27, 2024 | 
natlawreview.com | Moorari Shah |A.J. Dhaliwal |Gregory Husisian |Frank Murray
Various “up in the air” factors can potentially boost costs during trial, but most clients will still ask counsel to forecast their budgets. While this request is reasonable, it is not always easy to fulfill. Trial graphics and on-site technical support are two areas where costs can be tricky to estimate. However, with some discipline and planning—and a few guidelines—your team can easily predict and manage your trial support budget.
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Aug 27, 2024 | 
natlawreview.com | Moorari Shah
On August 26, the United States District Court for the Southern District of Texas issued a decision upholding the legality of the CFPB Small Business Lending Rule (the “Rule”) (designed to implement section 1071 of the Dodd-Frank Act) in a lawsuit filed by plaintiff trade associations challenging the CFPB’s authority in promulgating the Rule (previously discussed here and here).
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Jul 29, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |Mehul Madia |Moorari Shah
On July 22, a Texas-based lease-to-own company filed suit against the CFPB in Federal District Court for the Eastern District of Texas alleging that its “illegal and unconstitutional investigation” into the company’s business falls outside the Bureau’s authority. The complaint details how the plaintiff provides consumers with short-term renewable leases known as Rental Purchase Agreements (“RPA”).
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Jul 26, 2024 | 
natlawreview.com | John Gardella |Ahmad Chehab |Robert T. Zielinski |Moorari Shah
On August 1, 2024, the National Labor Relations Board is set to roll out its Fair Choice-Employee Voice Rule, which includes three major changes: Blocking Charge Policy: The Regional Director would have the authority to delay a representation election if there are allegations of an unfair labor practice that could interfere with employee “free choice.” This restores the Board’s pre-2020 practice, reversing the 2020 rule that required elections to proceed even in a “tainted environment.” The...
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Jul 26, 2024 | 
natlawreview.com | Moorari Shah
On July 22, a Texas-based lease-to-own company filed suit against the CFPB in Federal District Court for the Eastern District of Texas alleging that its “illegal and unconstitutional investigation” into the company’s business falls outside the Bureau’s authority. The complaint details how the plaintiff provides consumers with short-term renewable leases known as Rental Purchase Agreements (“RPA”).
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Jul 3, 2024 | 
mondaq.com | Moorari Shah
In the second quarter of 2024, California's banking and
financial services sector saw notable regulatory and legislative
activity.
As we move to the middle of the year, there are two themes that
stand out. First, California is one of the nation's leading
states that is actively undertaking legislative efforts to extend
consumer protections to commercial financing transactions.
