Yesterday, the United States House of Representatives passed the Financial CHOICE Act. It now goes to the Senate, where commentators predict it has little chance to pass in its current form. If you’d like to read more about the act and the House’s vote, you can find an article from The Hill here. By Nicholas […]

West Virginia Supreme Court of Appeals makes clear that third parties may not sue under the West Virginia Consumer Credit and Protection Act for collection attempts On May 17, 2017, the West Virginia Supreme Court of Appeals issued a unanimous decision that affirmed a trial court’s order granting summary judgment to a collector in a […]

If you spend any time reading about the virtual currency space, you’ve picked up that blockchain technology is creeping into hundreds of industries and countries worldwide as more and more people create ways to use the public electronic ledger to better our lives in the not-too-distant future. Money transfers, trade settlements, property and health records, […]

Florida legislature passes bill to add virtual currencies to money laundering statute in response to last year’s court ruling that bitcoin can’t be the basis for money laundering charges Last year, a Miami judge dismissed criminal charges against a Florida-based bitcoin seller who had been caught in a sting in which undercover law enforcement officers […]

Our last post discussed the West Virginia legislature’s recent bill that amended West Virginia’s primary consumer protection statute. You can find a copy of that bill here. Governor Jim Justice has signed that bill into law. The amendments will take effect on July 4, 2017. If you’d like to discuss the amendments or any other issue […]

For the second time in two years, West Virginia’s legislature passes a bill to modify the state consumer protection law. The West Virginia legislative session recently ended, and for the second time in two years, the legislature passed a bill that modifies the state’s primary consumer protection statute (the West Virginia Consumer Credit and Protection […]

If you spend any time watching or reading or maybe even investing in Bitcoin or other cryptocurrencies, you’re likely to hear someone talk about a fork, a hard fork, or a soft fork. When I first encountered this term, I was completely confused by it. I recently read a short article by Amy Castor at […]

On February 24, 2017, President Trump issued another executive order designed to further his administration’s agenda to reduce regulations. Entitled “Enforcing the Regulatory Reform Agenda,” the executive order continues to make clear that “[i]t is the policy of the United States to alleviate unnecessary regulatory burdens placed on the American people.” The order seeks to […]

While the Trump administration looks to pass legislation aimed at Dodd-Frank and the Consumer Financial Protection Bureau (“CFPB”), a lawsuit involving the extent of the CFPB’s authority and whether it can impose a $109 million penalty on a group of companies is continuing to be fought in a D.C. courtroom. In June 2015, PHH Corporation […]

If you haven’t been paying any attention for the last two weeks, you may have missed that on February 3, 2017 President Trump signed an Executive Order setting forth his administration’s core principles for regulating the United States’ financial system. The order seems to be the first step in fulfilling his campaign promise to change […]