Alston & Bird

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A&B ABstract:
On March 23, 2023, the Second Circuit held the Consumer Financial Protection Bureau’s (CFPB) funding structure is constitutional.  This decision comes on the heels of the Supreme Court granting certiorari to review the Fifth Circuit’s ruling in Community Financial that reached the opposite conclusion.
The Second Circuit’s Ruling
The Second Circuit case, styled

A&B ABstract:
While we wait on the final interagency rule from the Federal Reserve, OCC, and FDIC, Illinois and New York are continuing along with their state Community Reinvestment Acts (CRA).
Illinois CRA Developments
Illinois announced that it would hold public hearings, two on March 2, 2023 and a third on March 8, 2023, to

California Privacy Protection Agency Issues Invitation for Preliminary Comments on Proposed Rulemaking on Risk Assessments, Cybersecurity Audits, and Automated Decisionmaking | Alston & Bird Privacy, Cyber & Data Strategy Blog

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