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Hawaii regulator extends guidance permitting licensees to reduce office hours, temporarily close offices
On July 2, the Hawaii Division of Financial Institutions extended earlier guidance, previously covered here , that temporarily permits licensees with locations in Hawaii to reduce hours or close offices during Hawaii’s Covid-19 emergency period. Notice of temporary closure or relocation from...
InfoBytesCFPB’s semiannual report to Congress discusses Covid-19 response
On July 7, the CFPB issued its semiannual report to Congress covering the Bureau’s work from October 1, 2019, through March 31, 2020. The report, which is required by the Dodd-Frank Act, addresses, among other things, problems faced by consumers with regard to consumer financial products or...
InfoBytesFinCEN advisory warns of Covid-19 scams and money-mule schemes
On July 7, the Financial Crimes Enforcement Network (FinCEN) issued an advisory alerting financial institutions to potential indicators of Covid-19 imposter scams and money mule schemes (where actors impersonate federal government agencies, international organizations, and charities). The advisory...
InfoBytesDaniel R. Alonso quoted in New York Times article, “Case against Amy Cooper lacks key element: Victim’s cooperation”
Daniel R. Alonso was quoted on July 7, 2020 in a New York Times article, “Case against Amy Cooper lacks key element: Victim’s cooperation,” which discussed the Manhattan district attorney’s decision to charge a white woman, Amy Cooper, with filing a false police report against a Black man,...
In The NewsNew York Division of Licensing Services issues updates regarding exams
The New York Department of State, Division of Licensing Services, has issued updates regarding licensing exams. The division will begin offering written exams at exam sites located in regions that are in Phase 3 of reopening beginning July 6 for candidates whose previously scheduled exams were...
InfoBytesDaniel R. Alonso quoted in The Guardian article, “What's next for Ghislaine Maxwell – and will she cooperate with prosecutors?”
Daniel R. Alonso was quoted on July 6, 2020 in an article in The Guardian , “What's next for Ghislaine Maxwell – and will she cooperate with prosecutors?” which explored how the case against Jeffrey Epstein’s accomplice might progress and whether the perjury charge against her could affect her...
In The NewsPPP extended until August 8
On July 4, President Trump signed S.4116 , which extends authorization for the Small Business Administration’s Paycheck Protection Program (PPP) through August 8. Additionally, the measure separates the amount authorized for the SBA’s standard 7(a) small business lending program from the PPP’s...
InfoBytesNYDFS extends suspension of license expiration for individual insurance producers
On July 2, the New York Department of Financial Services issued a supplement that extends the relief provided by Insurance Circular Letter No. 9, previously covered here . The letter, which, among other things, suspended the expiration of licenses for individual insurance producers, has been...
InfoBytesWashington AG sues collection agency over time-barred debt settlement offers
On June 25, the Washington attorney general filed a complaint against a collection agency in King County Superior Court alleging the company’s settlement offers violated the state’s Collection Agency Act (CAA) and Consumer Protection Act (CPA). The complaint alleges that the company sent over 75,...
InfoBytesOnline payday lender settles usury suit for $141 million
On June 26, the U.S. District Court for the Eastern District of Virginia approved a preliminary settlement to resolve putative class allegations against an online payday lending company and related entities (defendants) accused of issuing high interest loans through a “rent-a-tribe” lending...
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