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FinCEN Pauses Beneficial Ownership Reporting Enforcement: New Rule and Deadlines Coming by March 21, 2025

by Jeanine P. McGuinness, Benjamin Hutten, Scott Porter and Maria Sergeyeva | February.28.2025

Until the new rule takes effect and its deadlines pass, FinCEN will not impose fines or penalties on companies that fail to file or update BOI ...

Insight

CFPB Pause: Where From Here?

February.21.2025

Key takeaways from recent developments at the CFPB and how they will shape rulemaking, regulation and enforcement at the federal and state levels.

Insight

Final Regulations Released for the Clean Electricity Low-Income Communities Bonus Credit Program

February.20.2025

The U.S. Department of the Treasury and the Internal Revenue Service have published final regulations concerning the low-income communities bonus ...

Insight

Q&A: What Will the CFPB Look Like Under McKernan?

by John Coleman, Amanda Lawrence, Leslie Meredith and John (Jay) Williams | February.14.2025

We explore key questions about McKernan’s background, his views on regulation based on his public statements and what they may mean for the future.

Insight

Who Is Jonathan McKernan, the Nominee for CFPB Director?

by John Coleman, Amanda Lawrence, Leslie Meredith and John (Jay) Williams | February.12.2025

On February 11, the White House announced the nomination of Jonathan McKernan to serve as Director of the Consumer Financial Protection Bureau (CFPB).

Insight

Tech-Neutral Credits Final Regulations Released for Clean Electricity Production

February.11.2025

The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for two new tax credits under the ...

Insight

Q&A: Will States Take the Lead in Consumer Protection?

by Amanda Lawrence, John Coleman, Clinton Rockwell, John (Jay) Williams, Kathryn Ryan, Jedd Bellman and Olivia Ragoowansi | February.11.2025

With the CFPB on pause for now, we explore key questions about how the consumer financial services regulatory landscape appears to be shifting.

Insight

Will State-Level Consumer Protection Activity Increase Amid CFPB Shakeup?

by Amanda Lawrence, John Coleman, Clinton Rockwell, John (Jay) Williams, Kathryn Ryan, Jedd Bellman and Olivia Ragoowansi | February.10.2025

As the CFPB undergoes significant transition, certain state financial regulators and attorneys general appear poised to step into the Bureau’s shoes.

Insight

Cyber Threats in Public Finance: Protecting Transactions from Wire Fraud

by Aravind Swaminathan, Jenna Magan, Joseph C Santiesteban, John Palmer and Sean Yates | January.30.2025

A recent cyberattack on a Michigan township has exposed weaknesses in the bond-closing process.

Insight

The Impact of the Serta and Mitel Decisions: What Comes Next

January.29.2025

Team Orrick recently held a discussion on the impact of two rulings that expose key differences in how courts interpret liability management ...

Insight

HSR Filing Thresholds, Filing Fees, and Penalties on the Rise Again

by Danielle Mangogna and Kristin Petersen | January.28.2025

The FTC has revised filing thresholds, as required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, along with adjusted HSR filing fee ...

Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal Securities

Insight

Maryland Mortgage Loan Purchasers Face New License Requirement

by Jedd Bellman, Kathryn Ryan, Clinton Rockwell, Daniel Bellovin and Orion Mountainspring | January.27.2025

Financial institutions that purchase mortgage loans in Maryland face a new requirement to obtain a state license.