The Consumer Financial Protection Bureau (“CFPB”) has proposed changes to the small business lending data collection requirements under section 1071 of the Equal Credit Opportunity Act (“ECOA”). Section 1071 requires financial institutions to…
The Consumer Financial Protection Bureau (“CFPB”) proposed sweeping changes to Regulation B, the implementing regulation of the Equal Credit Opportunity Act (“ECOA”), which is expected to ease the regulatory compliance burden of creditors as well as…
Since its creation, the Consumer Financial Protection Bureau’s (“CFPB” or the “Bureau”) funding mechanism has been under attack. To date, these attacks have been unsuccessful, but the latest challenge by the Bureau itself may finally succeed, or at…
The United States and China have reached a fragile but meaningful truce that halts, for now, the escalation of tariffs that had been set to take effect on November 1. The announcement follows high-level discussions between President Donald Trump and…
Despite the ongoing government shutdown, the Health Resources and Services Administration (“HRSA”) has approved eight drug manufacturer plans for participation in its 340B rebate pilot program, which is set to launch on January 1, 2026. Under this…
On October 21, 2025, the Internal Revenue Service (IRS) released its official “Statement on IRS operations limited during the lapse in appropriations; regular tax deadlines remain”, available at IRS.gov. The announcement confirms that, despite the…
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…
On October 1, 2025, the Illinois Secretary of State announced an amnesty program for corporations who are behind on paying their annual Franchise Taxes due in Illinois. This applies to those organized as Illinois corporations or those organized in…
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…
The Trump administration's "One Big Beautiful Bill" is poised to significantly impact healthcare providers by changing Medicaid financing and reimbursement. Meghan Linvill McNab, a partner at Krieg DeVault who focuses on Medicare and Medicaid…
The Federal Trade Commission (“FTC”) sent letters on September 10 prompting many large health care employers and staffing firms to review their noncompete agreements (“noncompetes”) for compliance with Section 5 of the FTC Act, 15 U.S.C. § 45, which…
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…
