Commentary by Michael A. Kleinman
The CFPB reminded lenders that use complex decision-making algorithms that they must still provide specific and accurate explanations for denying credit or taking other adviser actions.
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Commentary by Michael A. Kleinman
In recent analysis, Fried Frank Partner Jason Schwartz discussed the core DeFi activity staking and the lack of formal guidance on how staking rewards are taxed in the United States.
SEC Office of International Affairs Director YJ Fischer underscored that continued trading of Chinese securities on U.S. exchanges will require the resolution of audit access issues.
In an address to the New York City Bar Association, DOJ Assistant Attorney General Jonathan Kanter described efforts to "reinvigorate antitrust enforcement" during "a time of crisis and hardship."
The CFPB clarified the scope of state enforcement authority under the Consumer Financial Protection Act. The interpretive rule was published in the Federal Register and became effective on May 26, 2022.