Flagstar Bank expects to save $15 million annually by shedding its holding company—a trend that started about eight years ago. “It really got people thinking, ‘Do we really need a holding company today?,’” says Keaton Miller in this discussion about the benefits of holding companies. Keaton brings…
This update supplements our prior client alert, “New Reporting and Deduction Rules for Vehicle Loans Under the One Big Beautiful Bill Act” issued October 16, 2025 and highlights the IRS ’s transitional guidance issued in Notice 2025-57, that provides penalty relief and simplified reporting…
Background
On July 4, 2025, President Donald J. Trump signed into law the One Big Beautiful Bill Act (“OB3”). Among its many provisions, OB3 introduces a new, temporary tax deduction for passenger-vehicle loan interest1 and imposes corresponding reporting requirements on lenders, including…
President Donald Trump caught the attention of many recently with the following Truth Social post:
Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis.” This will save…
Brokered deposits occupy a unique place in bank funding: widely used, strategically valuable, and nevertheless scrutinized. Banks often rely on them to supplement local deposit bases, particularly when core deposits slow or fail to keep pace with asset growth. Brokered deposits also carry the…
On August 7, 2025, President Donald Trump issued an Executive Order titled “Guaranteed Fair Banking for All Americans”. The Executive Order prohibits financial institutions from engaging in “politicized or unlawful debanking” practices. “Debanking” is a term used in recent years to describe the…
The Section 184 Indian Home Loan Guarantee Program (the “Program”), administered by the U.S. Department of Housing and Urban Development (“HUD”), provides a home mortgage product specifically tailored for Native American families and federally recognized tribes. For banks and mortgage lenders, the…
Krieg DeVault LLP is pleased to announce that attorney Keaton J. Miller has joined the firm as a member of its Financial Institutions Practice. Mr. Miller brings with him a distinctive combination of legal and financial industry experience, having served as Senior Vice President and Senior…
On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act" (“OBBBA”) into law. The OBBA is sweeping legislation that introduces significant reforms across multiple sectors, including financial services, agriculture, education, energy, and consumer protection. This alert highlights the…
On May 9,2025, the Consumer Financial Protection Bureau (“CFPB”) filed a formal notice withdrawing 67 regulatory guidance documents in the Federal Register (here). The withdrawal of these various policy statements, interpretative rules, and advisory opinions (collectively, the “Withdrawal”) is…
On April 7, 2025, the Federal Communications Commission (FCC) granted a limited waiver delaying the effective date of part of Section 64.1200(a)(10), which was issued in a February 2024 Order amending the rules implementing the Telephone Consumer Protection Act (TCPA). This action comes after the…
On January 24, 2025, the Eleventh Circuit Court of Appeals reversed the Federal Communications Commission’s (FCC) one-to-one consent rule1 issued in 2023 under the Telephone Consumer Protection Act (TCPA). In Insurance Marketing Coalition, Ltd. (IMC) v. Federal Communications Commission, the Court…
