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Bank Law Monitor

A legal blog for the financial services industry

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A Dummy’s Guide to the GENIUS Act (and Stablecoins)
It is the new buzz word: stablecoin. What is it, and why should you care? Here is a rundown of what you should know: The GENIUS Act.  In July, President Trump signed the GENIUS Act into law. The Act creates a federal regulatory framework for s...
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Article 12 – Perfection of Security Interests in Controllable Electronic Records
It is well established how to perfect a security interest on general intangibles under Article 9 of the Uniform Commercial Code: filing a financing statement. But is there a better way for a secured party who wants to stay in first position on assets...
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Regulatory Update: Final Rule on Courtesy Overdraft Services
The Consumer Financial Protection Bureau (CFPB) has finalized its proposed rule that aims to close what CFPB Director Rohit Chopra has characterized as a “loophole” from certain consumer financial protection laws.
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Cybersecurity Transparency Under Fire: Tech Firms Pay Big for Downplaying SolarWinds Breaches
On October 22, 2024, the Securities and Exchange Commission (“SEC”) announced that four technology companies—Unisys Corporation, Avaya Holdings Corporation, Check Point Software Technologies Ltd., and Mimecast Ltd.—had settled charges regarding alleg...
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Webinar—Construction Contract Tips on Affordable Housing Projects
Join us on Tuesday, July 16 at 9:30 a.m. PT for our upcoming webinar "Construction Contract Tips on Affordable Housing Projects." We will cover key provisions, recent legal updates, and best practices for current and future projects. The progr...
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AI Strategy for Banks: You’ve Got This!
When you think about artificial intelligence (AI), does your pulse start to race? Or are you excited to embrace it, but stuck in the quagmire of often conflicting, and even alarmist, information that seems to be coming at you from every direction? W...
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