Commentary by James Treanor
The Office of Foreign Assets Control designated nine Iranian individuals and entities under Executive Order 13224 (Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism).
Lawyers reviewed a recent court filing concerning the ongoing challenge to the "bank origination model" (i.e., when lenders use arrangements with unaffiliated banks to originate their loans).
In a blog post, the Consumer Financial Protection Bureau listed "the regulatory matters that the Bureau reasonably anticipates having under consideration during the period from May 1, 2018, to April 30, 2019."
The House of Representatives voted to withdraw the Consumer Financial Protection Bureau regulatory guidance on auto-loan financing. The Joint Resolution passed by a vote of 234 to 175.
The U.S. Court of Appeals for the Seventh Circuit upheld an SEC determination that the agency did not have jurisdiction to adjudicate certain claims brought by securities firms against several securities exchanges.