In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries.
The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear.
WASHINGTON (Reuters) -A top U.S. bank regulator on Monday will propose new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process, while ensuring some deals do not slide through automatically without sufficient scrutiny.
A bi-partisan group of House members has sent a letter to CFPB Director Chopra to express concern about the CFPB’s rule setting forth its procedures for establishing supervisory authority over nonbanks engaged in conduct that poses risk to consumers.
(RALEIGH) Attorney General Josh Stein today released the North Carolina Department of Justice’s 2023 data breach report ahead of Data Privacy Day on January 28. In 2023, more than 4.9 million North Carolinians were affected by a record 2,033 data breaches. The report can be viewed here.
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