To our clients and friends:
On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a ruling which set aside the Federal Trade Commission’s final rule that would have banned certain non-compete agreements between an employer and an employee.
Our Alert regarding the court’s decision on non-compete agreements is available here.
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Today we published Volume 8 of The Bankers’ Bulletin. You can find a copy of this edition here.
Luse Gorman, PC was the No. 1 legal advisor in the nation for bank mergers in the first half of 2024, 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 branch transactions in the first half of 2024, based on the number of transactions, as reported by S&P Global Market Intelligence.
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Today we published Volume 7 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers changes to the FDIC’s merger review procedures, the Supreme Court’s latest preemption decision, FinCEN’s proposed expansion of BSA/AML compliance requirements, new activity involving ILC charters, the CFPB’s novel attempts to shape industry behavior, and more.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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On June 27, 2024, the United States Supreme Court issued its opinion in Securities and Exchange Commission v. Jarkesy, a decision which will have important ramifications for banks and individuals facing enforcement actions by the federal banking agencies and the CFPB. Our Client Alert covers the relevant considerations from the decision and the practical implications for any institution, director, or officer facing a potential federal bank agency enforcement action.
Our Alert is available here.
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