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The Legal Description > News > Topics > Regulatory Updates

Regulatory Updates

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Subscriber Access OnlyClues from past opinions point to new direction for CFPB

Posted Date: Wednesday, January 20, 2021
Promising his administration will hit the ground running, President Joe Biden announced a slew of nominations days before his inauguration, including Rohit Chopra as the director of the Consumer Financial Protection Bureau. What does this mean for the industry? Industry experts say his past opinions may hold some clues.
Regulatory Updates

Ohio governor announces insurance director nominee

Posted Date: Wednesday, January 20, 2021
Ohio Gov. Mike DeWine announced his nomination for director of the Ohio Department of Insurance. The new director would take over for Interim Director Tynesia Dorsey. Read on for more details.
Regulatory Updates

Subscriber Access OnlyCalifornia issues proposed escrow rulemaking

Posted Date: Monday, January 18, 2021
The California Department of Financial Protection and Innovation has issued proposed escrow rules regarding establishing, maintaining and preserving escrow books and records, clarifying CPAs’ role in annual audit reports, and clarifying certain definitions and what are considered prohibited escrow referral compensation acts. Read on for more details.
Regulatory Updates

Subscriber Access OnlyFTC warns of new COVID scam against small businesses

Posted Date: Monday, January 18, 2021
The Federal Trade Commission warned small businesses of a new COVID-19 related scam targeting them. Read on for more details.
Cybersecurity, Regulatory Updates

Nebraska insurance director announces retirement

Posted Date: Monday, January 18, 2021
Nebraska Insurance Director Bruce Ramge announced his retirement after 10 years in his position. He is the longest-serving insurance director in state history. Read on for more details.
Regulatory Updates

Montana commissioner of securities and insurance appoints deputy

Posted Date: Wednesday, January 13, 2021
Commissioner of Securities and Insurance, Montana State Auditor Troy Downing, recently appointed a new deputy state auditor, the highest-ranking appointment in the agency. Read on for more details.
Regulatory Updates

New Virginia SCC commissioner takes office

Posted Date: Monday, January 11, 2021
The 37th commissioner of the Virginia State Corporation Commission was sworn into office to complete the unexpired term of Mark Christie, who became a member of the Federal Regulatory Commission on Jan. 4, 2021. Read on for more details.
Regulatory Updates

Subscriber Access OnlyCalifornia DFPI expands power with Consumer Financial Protection Law

Posted Date: Wednesday, January 6, 2021
With the new California Consumer Financial Protection Law now in effect, the Department of Financial Protection and Innovation (DFPI) has expanded powers to better protect consumers from unlawful, unfair, deceptive, and abusive practices. Read on for more details.
Regulatory Updates

Subscriber Access OnlyMissouri renews waiver of on-site review requirement

Posted Date: Wednesday, January 6, 2021
In Insurance Bulletin 20-20, the Missouri Department of Commerce and Insurance informed title insurers and title agents it renewed a waiver of on-site review requirements during the COVID-19 emergency. Read on for more details.
Regulatory Updates

Subscriber Access OnlyRemote notarization to continue in New York through January

Posted Date: Monday, January 4, 2021
New York Gov. Andrew Cuomo extended until Jan. 29, 2021, the executive order authorizing notarizations to be performed using audio-video technology. Read on for more details.
Regulatory Updates, Remote Online Notarization
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