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URLA Preferred Language Question — More Flip-Flopping

Published: Aug 20, 2019
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The saga over whether to include a controversial "preferred language" question on the new redesigned Uniform Residential Loan Application (URLA) continues. Last week, the Federal Housing Finance Agency (FHFA) changed course yet again and decided to remove the language preference question from the redesigned URLA. Instead, the question will be...

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Final Section 956 Regulations Facilitate Foreign Credit Support For Certain US Corporate Borrowers

Published: Jul 25, 2019
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On May 22, the Treasury Department and the Internal Revenue Service (IRS) finalized regulations under Section1 956 that allow certain US corporate borrowers to obtain increased credit support from certain controlled foreign corporations (CFCs) without incurring US tax, so long as certain conditions are satisfied. The final regulations do not apply...

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Wyoming Banking Commission Releases Draft Regulations For Bank Custody Of Digital Assets

Published: Jul 23, 2019
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On the morning of Friday, May 31, 2019, many eyes were on the SEC in connection with their Strategic Hub for Innovation and Financial Technology (FinHub) panels on securities issues relating to digital assets, including custody. In keeping with the common adage that the law in digital assets is akin...

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