News

National Law Review4h
EEOC Seeks Elimination of Voluntary Reporting Non-Binary Data in EEO-1
On April 15, 2025, the Equal Employment Opportunity Commission (“EEOC”) submitted a “non-substantive” Information Collection ...
National Law Review5h
Effective Now: The Maryland Secondary Market Stability Act of 2025 Enacted and Codifies a New Licensure Exemption
The Maryland Secondary Market Stability Act of 2025 (the “Act”) was enacted and became effective as of April 22, 2025. The ...
National Law Review23h
CFPB Drops Suit Against Credit Card Company Alleging TILA Violations and Deceptive Marketing Practices
On April 23, the CFPB voluntarily dismissed with prejudice its lawsuit, filed in September 2024, against a Pennsylvania-based credit card company that had been accused of unlawfully marketing a ...
National Law Review23h
Maryland Enacts Law Exempting Passive Trusts from Mortgage and Installment Loan Licensing Requirements
In January 2025, the Maryland Office of Financial Regulation (the “OFR”) issued a guidance stating that assignees of residential mortgage loans, including certain passive trusts, were required to hold ...
National Law Review23h
Fourth Circuit Rejects Rehearing in ACH Fraud Suit Alleging Violations of KYC Rules and NACHA Operating Standards
On April 22, the Fourth Circuit declined to reconsider a panel ruling that found a credit union could not be held liable for a scam in which fraudsters diverted over $560,000 from a metal fabricator ...
National Law Review23h
National Security Commission on Emerging Biotechnology’s Final Report Includes Recommendations to Boost Economy and Protect National Security
The National Security Commission on Emerging Biotechnology (NSCEB) announced on April 8, 2025, the availability of its final ...
National Law Review23h
North Dakota Expands Data Security Requirements and Issues New Licensing Requirements for Brokers
North Dakota enacted HB 1127, overhauling its regulatory framework for financial institutions and nonbank financial service ...