Stacey Valerio

Apr 5, 2024 | consumerfinancemonitor.com | Loran Kilson |Terence M. Grugan |John D. Socknat |Stacey Valerio

On August 21, 2019, FinCEN issued an advisory (the “Advisory”) alerting financial institutions to various financial schemes and mechanisms employed by fentanyl and synthetic opioid traffickers to facilitate the illegal fentanyl trade and launder its proceeds.

Jul 5, 2023 | jdsupra.com | Lisa Lanham |Stacey Valerio

On June 29, 2023, Connecticut’s Governor signed into law Substitute Senate Bill No. 1033 which makes significant changes to the state’s Small Loan Act. The new law takes effect on October 1, 2023. The primary changes are as follows:New APR calculation (Section 1, subdivision (2), Revising 36a-555(2)). Under the current law, the APR is calculated under the provisions of the federal Truth-in-Lending Act and associated regulations.

Feb 27, 2023 | jdsupra.com | Lisa Lanham |Stacey Valerio

February 27, 2023 To embed, copy and paste the code into your website or blog: On January 17, 2023, House Bill No 2389 was offered to re-enact sections 6.2-1600 (Definitions) and 6.2-1607 (Licenses; places of business; changes) of the Code of Virginia with proposed amendments that would permit employees of licensed mortgage lenders and brokers to work from an unlicensed “remote location,” provided certain conditions are satisfied. Bill details: A “[R]emote location” means: a location, other...