Author Archives: Spilman Administrator

Governor Justice Signs Bill Amending West Virginia’s Consumer Credit and Protection Act

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 […]

Revisiting the West Virginia Consumer Credit and Protection Act – Again

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 […]

A Short Guide to Bitcoin Forks

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 […]

President Trump Signs Executive Order on Regulatory Reform

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 […]

DC Federal Appeals Court Grants CFPB’s Request for a Hearing Before the Full Court

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 […]

ICYMI: President Trump Signs Executive Order on Core Principles for Regulating the United States Financial System

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 […]

Bitcoin and the IRS – The IRS Pushes Back

In an earlier post, we started discussing the IRS’ “John Doe” summons to Coinbase, a virtual currency exchange, to obtain information about every Coinbase user, who, at any time during the period of January 1, 2013 through December 31, 2015, conducted transactions in a convertible virtual currency as defined in IRS Notice 2014-21. One such […]

Bitcoin and the IRS – The Battle Continues

Dispute is heating up over IRS’s attempts to get personal information about users of Bitcoin and other virtual currencies. Last November, the Internal Revenue Service (“IRS”) filed a petition in the United States District Court for the Northern District of California. It sought the court’s permission to serve a “John Doe” summons on Coinbase, Inc., […]

The Homeowner Can Believe Everything They Read – Even if They Filed Bankruptcy

Federal appeals court gives effect to mortgage servicer’s disclaimers in monthly statements and letters and holds that homeowner is charged with carefully reading them and a basic level of understanding in what they say. Recently, the United States Court of Appeals for the Fourth Circuit affirmed a trial court’s ruling that granted a mortgage servicer […]

Meet the New Editor and the New Content

For nearly the last four years, my friend and colleague, R. Scott Adams, a member in Spilman’s Winston-Salem, North Carolina office, has been the editor of the Banking on This blog and its chief contributor, writing monthly on topics of interest in the mortgage and consumer banking arenas. Recently, an opportunity came to Scott to take an […]