Is a consumer with a FICO score below 620 actually a greater risk? How would you know? Evidence suggests originators can no longer rely solely on FICO scores to identify subprime borrowers or those with weaker credit prospects. Alternative data, such as bank account/cash flow, rental payment Continue Reading
Employee Relations Law Journal | Are Brokerage Windows Broken? Cryptocurrency Release Creates Concern for Plan Fiduciaries
In recent months, the U.S. Department of Labor ("DOL") has become aware of firms marketing investments in cryptocurrencies to 401(k) recent months plans as potential investment options for plan participants. In response to these concerns, the DOL issued Compliance Assistance Release 2022-01 (the Continue Reading
Law360 | Watching The Legal Sports Betting Ecosystem Take Shape
When the U.S. Supreme Court found in its 2018 Murphy v. NCAA decision that the Professional and Amateur Sports Protection Act of 1992 was unconstitutional, it cleared the way for states across the country to legalize sports betting. Continue Reading
AdExchanger | Utah’s And Connecticut’s Privacy Laws May Not Be That Different From The CDPA, CPRA And CPA – But Are You Ready?
California, Virginia and Colorado were just the beginning. Soon, the ad tech community will have even more state privacy laws to keep tabs on. On December 31, 2023, the Utah Consumer Privacy Act (UCPA) will go into effect, while the Connecticut Data Privacy Act is set to take effect on July 1, Continue Reading
Employee Relations Law Journal | Qualified Plan Mistakes Happen: What Plan Sponsors Do Next Is What Matters Most
The Internal Revenue Service (“IRS”) is very much aware that plan sponsors of tax-qualified retirement plans (such as 401(k) plans) make mistakes in plan administration. The types of mistakes are varied and numerous. For example, a plan sponsor may neglect to enroll an eligible employee in their Continue Reading
Welcome to the Metaverse: Legal Issues Marketers Need To Consider
Reuters Legal News | You Looking At Me? — Cameras, Devices and Biometric Data
PR News | Avoiding Metaverse Mayhem: Regulating Virtual Influencers as Nearly Human
Cannabis Financing Market Insights
Westlaw Today | Reg. F: Finally Bright Line Rules Come to Debt Collection
Joseph Cioffi and Nicole Serratore recently discussed the CFPB’s new debt collection rules relating to communications between debt collectors and consumers, which gives greater control to consumers and reduces legal exposure for complying collectors. With the threat of an economic downturn and Continue Reading