CFPB Finalizes Rule to Supervise Large Digital Consumer Payment Apps

The Consumer Financial Protection Bureau issued a final rule that establishes supervisory authority over nonbank companies that are larger participants in a market for general-use digital consumer payment applications. Source link Read more »

SEC Extends No-Action Relief from Amended Rule 15c2-11 for Fixed Income Securities Indefinitely

The SEC’s Division of Trading and Markets issued a new no-action letter extending the relief from amended Exchange Act Rule 15c2-11 for fixed income securities indefinitely. Source link Read more »

US District Court Vacates SEC Final Rule Expanding the Definitions of Dealer and Government Securities Dealer

The US District Court for the Northern District of Texas ruled the SEC exceeded its statutory authority when it adopted a final rule to expand the definitions of dealer and government securities... Read more »

Overview of December 2024 Federal Rule Amendments

A Legal Update summarizing the December 1, 2024 amendments to the Federal Rules of Civil Procedure, Federal Rules of Appellate Procedure, and Federal Rules of Evidence. Practical Law Litigation will update all... Read more »

CFPB Issues Final Personal Financial Data Rights Rule

The Consumer Financial Protection Bureau issued a final rule implementing the personal financial data rights established by the Consumer Financial Protection Act. Source link Read more »

USPTO Issues Final Rule Regarding Representation in AIA Proceedings at PTAB

The US Patent and Trademark Office (USPTO) issued a final rule updating existing rules governing who may practice before the Patent Trial and Appeal Board (PTAB) in proceedings under the Leahy-Smith America... Read more »

USPTO Issues Final Rule on Director Review Process for PTAB Decisions

The US Patent and Trademark Office (USPTO) issued a final rule formalizing its Director Review process in Patent Trial and Appeal Board (PTAB) proceedings. Source link Read more »

CFPB Announces Beta for Testing Small Business Lending Data Collection Rule Submissions

The Consumer Financial Protection Bureau (CFPB) has made available a beta platform for financial institutions to test data submissions under the CFPB’s final small business lending data collection rule. The CFPB issued... Read more »

Discovery Rule Applies to Sophisticated Copyright Plaintiffs: Second Circuit

In Michael Grecco Productions, Inc. v. RADesign, Inc., the US Court of Appeals for the Second Circuit vacated the decision of the US District Court for the Southern District of New York,... Read more »

Texas Bankers Association v. CFPB: Texas District Court Denies Plaintiffs' Summary Judgment Motion Against Small Business Lending Data Collection Rule

The US District Court for the Southern District of Texas has denied a summary judgment motion to set aside the final small business lending data collection rule issued by the Consumer Financial... Read more »
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