Newsletters

10.24.18

Employee Requests for Time Off to Vote

With Election Day fast approaching, employers may be confronted with—and, pursuant to certain state laws, are often required to grant—employee requests to take time off to vote.


10.24.18

A Need for Speed: FRB Considers Options for Faster Payments

In an effort to facilitate real-time interbank settlement of faster payments, the Federal Reserve Board (FRB) is asking for input from industry stakeholders on the best options.


10.24.18

Federal Banking Agencies Encourage BSA/AML Collaboration

Community banks and smaller financial institutions take note: The five federal banking agencies are encouraging banks and credit unions to enter into collaborative arrangements to share resources to more effectively and efficiently manage their Bank Secrecy Act/anti-money laundering (BSA/AML) ...


10.24.18

CFPB News: ‘Regulation by Enforcement’ Over, Other CFPB Updates

To no one’s surprise, Bureau of Consumer Financial Protection (CFPB or Bureau) acting director Mick Mulvaney declared regulation by enforcement dead.


10.24.18

Insurance Won’t Cover Disgorgement Payment, NY Appellate Court Rules

Applying a U.S. Supreme Court decision in the context of insurance coverage for a bank, a New York appellate court ruled that the amounts paid to the Securities and Exchange Commission (SEC) as disgorgement under a cease and desist order issued by the SEC were a “penalty” for which ...


10.24.18

Latest State Action: Washington AG Sues Debt Collectors

Demonstrating heightened enforcement efforts by some state regulators, Washington Attorney General Bob Ferguson filed suit against a pair of debt collection companies and their owner, asserting the defendants were operating without a license in violation of state law.


10.24.18

New Pilot Program Regulations Expand CFIUS’ Reach

On October 10, 2018, the Department of the Treasury issued a set of interim regulations (31 C.F.R. Part 801) to implement certain provisions of the Foreign Investment Risk Review Modernization Act (FIRRMA), signed into law by President Trump on August 13, 2018.


10.24.18

Correcting Inventorship in Pending Application Cannot Be Done in District Court

In Pappalardo v. Stevins, the Federal Circuit affirmed the dismissal of a declaratory judgment action filed in federal court by a person requesting to be named the sole inventor on a pending patent application, ruling that such an action could not be filed until after a patent is issued from the ...


10.23.18

Data Breach Obligations, Preparation and Risk Mitigation

Under the Health Insurance Portability and Accountability Act (HIPAA), a breach is defined as “the acquisition, access, use or disclosure of protected health information in a manner not permitted under subpart E of this part which comprises the security or privacy of the protected health ...


10.23.18

Will New Medicaid Waivers Collide With State Delivery Reforms?

Following the Trump administration’s encouragement to states to consider new Medicaid waiver policies that allow restrictions on coverage, 19 states have approved or pending waivers with coverage limitations, including meeting work and community engagement requirements and paying premiums.