New York passed a law that requires banking institutions to pay checks in the order they are received or pay checks from the smallest to largest dollar amount for each ...
Oregon, with immediate effect, allows remote witnessing. Notable requirements for a remote witness to sign include being in the “electronic presence” of the signer and a review of the signer’s ...
In the last few weeks, Florida has passed a couple bills surrounding remotely executed transactions. 2021 FL HB 121 adds allowances for remote notarization in administering court related oaths, clarifies ...
The Consumer Financial Protection Bureau (CFPB) issued its summer edition of Supervisory Highlights. This edition covers the period from the last regular edition of Supervisory Highlights and excludes the special ...
The National Credit Union Administration (NCUA) Board has approved a final rule that provides federally insured credit unions (FICUs) with more flexibility in determining when a share account can be ...
Beginning January 1, 2021, National Automated Clearing House Association (NACHA) has a new rule on enforcing egregious violations. An “egregious violation” is a willful or reckless action by a Financial ...
On June 29, 2020, the Supreme Court ruled that the Consumer Financial Protection Bureau (CFPB), a governmental agency run by a single director, was unconstitutional because it violated the Constitution's ...
On June 24, 2020, the California Secretary of State announced that the California Privacy Rights Act (CPRA or CCPA 2.0) has received enough signatures, and those signatures were verified, to ...
The NCUA Board (Board) has proposed to amend its share insurance regulation governing the requirements for a share account to be separately insured as a joint account by the National ...
The Consumer Financial Protection Bureau (“Bureau”) issued a final rule in May 2020 amending the Remittance Rule of the Electronic Fund Transfer Act effective July 21 2020, and the Bureau ...