On December 17, CFPB Director Rohit Chopra, as a member of the FDIC Board of Directors, released a discussion draft outlining the FDIC’s enforcement policy on bank stock buybacks and dividends during “unusual and exigent circumstances.” The draft stressed the importance of a healthy and stable ba

In an unpublished order issued on December 23, 2024, the Fifth Circuit granted the Financial Crimes Enforcement Network’s (“FinCEN”) emergency motion for a stay of the nationwide preliminary injunction that blocked enforcement of the Corporate Transparency Act (“CTA”) pending appeal in the case o

Article 27(2) of the Chinese Patent Law provides that the relevant drawings or photographs submitted by the applicant shall clearly indicate the design of the product for which patent protection is sought.  Article 64(2) of the Chinese Patent Law provides that for the patent right for design, t

On December 18, the CFPB issued a circular titled “Consumer Financial Protection Circular 2024-07,” which provided an analysis of whether credit card issuers and their partners may violate federal consumer protection law by devaluing or obstructing access to credit card rewards.