U.S. Supreme Court Rejects Nebraska and Oklahoma’s Lawsuit Challenging Colorado Recreational Marijuana Laws


In December 2014, the States of Nebraska and Oklahoma filed a motion for leave to file a complaint against the State of Colorado with the Supreme Court of the United States (SCOTUS).  The motion argued, among other things, that Colorado’s recreational marijuana laws are allegedly preempted by the Controlled Substances... Read More

Topics: Banking, Litigation

CFPB Begins Accepting Consumer Complaints Related to Online Marketplace Lenders


On March 7, 2016, the Consumer Financial Protection Bureau (CFPB) announced that it now accepting complaints from consumers related to problems with loans from online marketplace lenders.  The CFPB also announced the release of a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who... Read More

Topics: Banking, CFPB, Consumer Protection, Litigation

Limitations on Blockchain Technology


Blockchain shows great promise for certain applications in the financial services industry, including securities clearance and settlement. Given all of the recent publicity, one has to consider the Gartner “hype cycle.” Some recent articles discuss drawbacks for the use of blockchain technology in the securities settlement business. Scalability Bitcoin has... Read More

Topics: Banking, Blockchain Technology

Proposed Legislation Expands Whistleblower Protections


The Whistleblower Augmented Reward and Nonretaliation Act of 2016, with the confusing alternative title of the WARN Act of 2016, has been introduced before the House of Representatives. The proposed legislation would amend the Exchange Act to provide an employer may not take any action to impede an individual who... Read More

Topics: Banking, Employment, Executive Compensation, Litigation, Public Companies and Securities