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Business · United StatesA coalition of civil rights and small-business groups is suing the Trump administration for halting a federal rule designed to prevent lending discrimination. The case, Rise Economy et al v. Vought, targets the Consumer Financial Protection Bureau for freezing implementation of a small-business lending data rule mandated by the Dodd-Frank Act. Advocates say the rule is critical for tracking who gets loans and holding lenders accountable, especia…See the Story
Groups Sue Trump Over Small-Business Lending Rollback
District of Columbia · District of ColumbiaIn a recent order, the U.S. District Court for the District of Columbia held that the President’s removal of two board members of the National Credit Union Administration (NCUA) violated the Federal Credit Union Act (FCUA) and required reinstatement of the members. Congress amended the FCUA in 1978 to replace the previous structure of a single administrator — who served “at the pleasure of the President” without a defined term — with a multimemb…Read Article
D.C. Federal Court Holds that President’s Removal Without Cause of NCUA Board Members Was Illegal - Weiner Brodsky Kider PC
Arizona · ArizonaArizona recently passed a law that restricts foreign adversary nations (currently China, Russia, Iran, and North Korea) and their agents from directly or indirectly purchasing, owning, or acquiring an interest of thirty percent (30%) or more in real property in the state. The new law gives the Arizona Attorney General the power to enforce the prohibition in superior court where the property is located and to report a violation to the FBI or to …Read Article
