The House Financial Services Committee considered legislation to (i) prohibit retail businesses from refusing cash payments and (ii) encourage an increase in mobile banking and electronic payment technologies.
The Consumer Financial Protection Bureau clarified a proposal to create a "Disclosure Sandbox." The proposal is intended to encourage companies to create tailored consumer disclosures that may be more effective than those required by law.
The Consumer Financial Protection Bureau proposed revisions to its 2012 "Encourage Trial Disclosure Programs" policy to encourage companies to create tailored consumer disclosures that may be more effective than those required by law.
In a decision that has implications for determining what constitutes a controlling Board interest, the Delaware Court of Chancery denied a motion to dismiss a suit alleging that Tesla's Board of Directors and its Chairman and CEO Elon Musk breached their fiduciary duties by approving the acquisition of SolarCity.
Two recent decisions from the Delaware Court of Chancery reached opposite results in the application of the business judgment rule under the Delaware Supreme Court's holding in Corwin v. KKR Financial Holdings LLC.