New York Passes Law Overhauling Process for Sealing Old Felony Convictions Effective October 7, New York law now authorizes state courts to seal nonviolent criminal convictions that are more than ten years old.  The newly enacted New York Criminal Procedure Law § 160.59 allows criminal defendants to apply to seal one felony and one misdemeanor conviction, or two misdemeanor convictions, for offenses other than violent and...… Continue Reading
Finally:  Withdrawal of the Political Subdivision Regulations Is Announced The eagerly awaited verdict on the proposed political subdivision regulations (Proposed Political Subdivision Regulations) (“Proposed Regulations”) is finally in and their withdrawal has been announced.  These regulations have been a frequent subject of our posts (here,  here, here, here, here, and here) Treasury issued its interim Report on June 22, 2017 (here) under Executive Order … Continue Reading
The CFPB recently released a revised version of the TILA-RESPA Integrated Disclosure Rule Small Entity Compliance Guide. The revised version incorporates the recent amendments to the rule that became effective on October 10, 2017.  Compliance with the amendments will be required for applications received on or after October 1, 2018. The amendments also clarified that... Continue Reading…
D&O Insurance Coverage and the Rise of Appraisal Litigation

As I have detailed on this blog (most recently here), due to two Delaware court decisions — the Delaware Supreme Court’s 2015 decision in Corwin v. KKR Financial Holdings LLC  (here) and the Delaware Chancery Court’s January 2016 court decision in the In re Trulia Shareholder litigation (here)—deal litigation that in the past would have been filed in Delaware … Continue Reading

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Earlier this morning, CFTC Chairman Christopher Giancarlo testified before the House Agricultural Committee. The following are highlights of “Fin Tech” issues addressed during the course of that testimony. Continue reading “FinTech Highlights from CFTC Chairman Giancarlo’s Testimony Before House Agricultural Committee” from the FinTech Report here.… Continue Reading
Earlier this morning, CFTC Chairman Christopher Giancarlo testified before the House Agricultural Committee. The following are highlights of “Fin Tech” issues addressed during the course of that testimony. Effect of Regulation on Innovation – In response to a question from Congressman David Scott (D-GA) regarding the effect of OCC Fin Tech charter and other similar...… Continue Reading
Join Us for a Complimentary Webinar: “2017 Compliance Management Systems – The Next Generation” On Tuesday, October 31, from 3-4 p.m. ET, Join Troutman Sanders for a webinar to discuss data governance. We will address best practices and common pitfalls. We will also provide key insight into leveraging your governance structure to build a compliance program and how cyber security should play a role. Registration is complimentary. One hour...… Continue Reading
CSA Review of Women on Boards and in Executive Officer Positions On October 5, 2017, the staff of securities regulatory authorities (SRA) in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Quebec, Saskatchewan and Yukon published CSA Multilateral Staff Notice 58-309, Staff Review of Women on Boards and in Executive Officer Positions – Compliance with NI 58-101 Disclosure of Corporate Governance… Continue Reading