Premier Banking Law News and Insights

Investment Funds Beware: Proposed HSR Amendments Would Increase Reporting Obligations

Published: Oct 01, 2020
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The US Federal Trade Commission and Department of Justice announced proposed changes to the rules governing Hart-Scott-Rodino (HSR) filings that, if implemented, would significantly increase the number of transactions that must be reported to the antitrust agencies - primarily by private equity, venture capital and other investment funds - as...

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CFPB Finally Makes Progress On Implementing Small Business Lending Data Collection Requirements

Published: Sep 21, 2020
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On September 15, 2020, the CFPB published a detailed outline of proposed options it is considering to implement a rule under Section 1071 of the Dodd Frank Act. Ten years ago, Section 1071 amended the Equal Credit Opportunity Act (ECOA) to require that financial institutions collect and report information concerning credit applications...

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Decentralized Finance: Evolving To Optimize Investment And Maximize Returns

Published: Sep 21, 2020
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As we discussed in an earlier article, DeFi stands for decentralized finance. DeFi is a cryptocurrency movement designed to offer traditional financial products and services without the "centralized" authority of a bank, government, or business. Decentralized finance uses smart contracts and blockchains to provide financial services previously only available from centralized...

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