Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Blog

CFPB Release Report Critical of Auto Title Loans

Banking, CFPB, Consumer Protection, Litigation On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report on auto title loans.  Auto title loans are small-dollar, high interest, loans that are generally used by borrowers to cover emergency expenses between paychecks.  To obtain these loans, borrowers use their vehicles as collateral and the lender holds the vehicle title until […] Read more →

by   |   May 23, 2016

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SEC Issues Guidance on What Makes Non-GAAP Measures Misleading

Public Companies and Securities The SEC issued four new Compliance and Disclosure Interpretations on non-GAAP financial measures.  According to the CDIs: Certain adjustments, although not explicitly prohibited,... Read more →

by   |   May 17, 2016

crowdfunding

Crowdfunding Begins With 17 Issuers

Crowdfunding Monday May 16, 2016 was the first day JOBS Act Title III crowdfunding could be used. Below are links to some portals and other information. StartEngine The StartEngine portal... Read more →

by   |   May 16, 2016

enforcement

SEC Enforcement Chief Gives Update on Private Equity

Litigation, M&A, Private Equity Andrew Ceresney, Director, SEC Division of Enforcement, gave his views on the SEC private equity enforcement initiative at a conference. Mr. Ceresney set forth the various... Read more →

by   |   May 15, 2016

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New C&DIs on Regulation Crowdfunding

Crowdfunding On Friday the SEC released a new set of Compliance and Disclosure Interpretations on Regulation Crowdfunding ahead of the effective date of Regulation Crowdfunding on May 16. ... Read more →

by   |   May 15, 2016

CFPB Proposes Controversial Rule to Limit Use of Arbitration Agreements

Banking, Broker-Dealer, CFPB, Consumer Protection, Litigation On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long-awaited and highly-controversial proposed rule that, if adopted, would prohibit certain financial... Read more →

by   |   May 12, 2016

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SEC Approves PCAOB Rule Requiring Audit Partners to be Identified

Public Companies and Securities The SEC has approved a proposed PCAOB rule requiring identification of audit engagement partners and certain other audit participants. Under the PCAOB rules, for each audit report... Read more →

by   |   May 9, 2016

Scale and Gavel

SEC Opinion Examines Reasonable Belief and Accredited Investor Status

Blockchain Technology, Litigation, Public Companies and Securities The SEC opinion In the Matter of Joseph P. Doxey examines compliance with Rule 506 in an alleged unlawful offering of stock totaling $57,654. The administrative law judge on... Read more →

by   |   May 8, 2016

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Treasury to Propose Legislation Requiring Beneficial Ownership Reporting At Time of Entity Formation

Uncategorized The U.S. Department of the Treasury has announced its intention to propose legislation requiring reporting of beneficial ownership at the time a new entity is formed. According to... Read more →

by   |   May 6, 2016