On October 7, 2023, Scott A. Brown presented a federal regulatory update at the Connecticut Bankers Association 2023 Annual Conference in White Sulphur Springs, West Virginia. The session focused on certain current federal matters impacting community banks, including a summary of the Supreme Court case analyzing the constitutionality of the CFPB, the current mergers and… Read more »
Posts By: tames
Luse Gorman is the Top Legal Advisor for Bank Mergers Through September 30, 2023
Luse Gorman, PC is pleased to announce that we were the No. 1 legal advisor in the nation for bank mergers for the nine months ended September 30, 2023, based on the number of transactions, as reported by S&P Global Market Intelligence. Luse Gorman was also the No. 1 legal advisor in the nation for… Read more »
Alert – Luse Gorman on BankDirector.com
To our clients and friends: Brendan Clegg recently authored an article in Bank Director covering the RECOUP Act’s potential expansion of the federal banking agencies’ enforcement authority against bank officers and directors. The article covers how the proposed legislation, which is working its way through the U.S. Senate, would introduce new standards into the existing… Read more »
Tom Hutton and Brendan Clegg presented at the Pennsylvania Association of Community Bankers Annual Convention
On September 23, 2023, Tom Hutton and Brendan Clegg presented, together with professionals from S.R. Snodgrass, at the annual CEO Breakfast Session at the PACB Annual Convention. Luse Gorman has been a long-time presenter at the CEO Breakfast. Mr. Hutton and Mr. Clegg led a discussion on current trends in community banking, including topics related… Read more »
ALERT – CFPB Issues Fair Lending Law Interpretation Related to Use of AI in Credit Decisions
To our clients and friends: On September 19, 2023, the Consumer Financial Protection Bureau issued Circular 2023-03 to address whether creditors could rely on stock reasons in the Bureau’s sample adverse action notices when issuing those notices after using AI in the credit decision. Our Alert discusses the CFPB’s interpretation of ECOA as it applies… Read more »