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A national lender, USAA Federal Savings Bank, entered into a consent order with the Office of the Controller of the Currency (“OCC”), which included an $85 million dollar civil money penalty for alleged "unsafe or unsound" banking risk management, compliance processes, and information technology

WHAT YOU NEED TO KNOW IN A MINUTE OR LESS - In civil litigation, litigants often seek information from third parties by using document subpoenas. In federal court, those subpoenas are governed by Rule 45 of the Federal Rules of Civil Procedure....

CMS's final FY 2021 inpatient rehabilitation facility (IRF) prospective payment system rule went into effect for discharges occurring on or after October 1, 2020. The rule amends certain coverage and documentation requirements, as discussed below....

On September 17, the OCC along with the Board of Governors of the Federal Reserve System and the FDIC published a final rule that makes technical corrections to certain provisions of the capital rule related to the standardized approach for counterparty credit risk (SA-CCR), which is used for cal

Continuing our series on environmental, social, and governance (ESG) finance, our Finance Group considers the principles that guide green and sustainability-linked bonds and how businesses can take advantage of them....

In July 2020, in In re Guo,1 the U.S. Court of Appeals for the Second Circuit reaffirmed that in the Second Circuit, a party may not use 28 U.S.C. § 1782 (Section 1782) to obtain documents or other discovery for use in a foreign private international commercial arbitration.

A presidential election like no other in history, a global pandemic causing an unprecedented economic and emotional toll on our communities, and a remote learning environment where virtual communication reigns, whether in the school setting or through social media.

On October 7, 2020, the US Securities and Exchange Commission (the SEC) announced that it voted to adopt new rule 12d1-4 (Rule 12d1-4) under the 1940 Act and related amendments (the Final Rule) to streamline and enhance the regulatory framework that applies to funds that invest in other funds (i.

On October 2, 2020, the Northern District of Illinois ruled on motions to dismiss in a closely-watched cybertheft lawsuit arising out of the theft of $245,000 from a participant’s account in the Abbott Laboratories Stock Retirement Plan (the “Plan”).

CYBERSECURITY - Patching Gets More and More Complicated but Is Critical for Managing Risk - Patching vulnerabilities has always been challenging, but these days, it is getting more and more complicated as manufacturers try to stay abreast of zero-day vulnerabilities and issue patches as quick

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