In December 2021, the Bureau of Consumer Financial Protection (or the “CFPB”) issued a notice and request for comment (the “Notice”) on its intention to make a preemption determination regarding the Truth in Lending Act (“TILA”) and the State of New York’s Commercial Financing Law, which imposes disclosure requirements on certain commercial lending transactions (the “New York CFL”). The preemption determination had been requested by the Small Business Finance Association (the “SBFA”), a non-profit advocacy organization for its members who provide ...
About MVA White Collar Defense, Investigations, and Regulatory Advice Blog
As government authorities around the world conduct overlapping investigations and bring parallel proceedings in evolving regulatory environments, companies face challenging regulatory and criminal enforcement dynamics. We help keep our clients up to date in these fast-moving areas and to serve as a thought leader.
The latest from MVA White Collar Defense, Investigations, and Regulatory Advice Blog
- Fifth Circuit Stays District Court’s Nationwide CTA Injunction; entities once again required to report
- Nationwide CTA Injunction Remains in Place Following First FinCEN Stay Request; Second FinCEN Stay Request Pending Before Fifth Circuit
- CFTC Advisory On The Use of Artificial Intelligence: Buzzword or Bogeyman?
- CTA Nationwide Injunction Suspends Obligation to File Beneficial Ownership Information Reports