News and Insights

11.01.21

Legal Impact of FFIEC Update to Authentication Guidance for Internet-Based Financial Services

The Banking Law Journal republished Scott Fryzel, Lindsay Henry, and Lauren Quigley's blog post about the FFIEC updating its authentication guidance for internet-based financial services. The article…

2.15.22

FDIC Announces 2022 Priorities in the Wake of Chairman Jelena McWilliams Resignation; Financial Services Entities Should Take Note of FDIC Focus on Bank Mergers and Crypto

On February 7, 2022, Acting Chairman Martin J. Gruenberg released a statement outlining the FDIC’s 2022 priorities. He also recognized the contributions of former Chairman Jelena McWilliams, who…

9.02.21

An Enhanced Standard of Commercial Reasonableness for Security Procedures? The FFIEC Updates Its Authentication Guidance for Internet-Based Financial Services

On August 11, 2021, the Federal Financial Institutions Examination Council (the “FFIEC”) issued new guidance on risk management principles for access to and authentication of electronic funds…

7.23.20

Consumer Financial Protection Bureau Requests Comment on Imminent Advisory Opinion Program

On June 22, 2020, the Consumer Financial Protection Bureau (“CFPB”) launched its advisory opinion pilot program and its proposed final advisory opinion program. The pilot program is effective…

6.11.24

Hot Takes: CFPB Backs NY AG’s Position That EFTA Applies to Consumer Wires

We have been closely tracking the recent action by the New York Attorney General (“NY AG”) against Citibank regarding the bank’s treatment of consumer wire transfers. By way of background, the NY AG…

1.19.21

Illinois Passes Bill Prohibiting Lenders From Charging More Than 36% APR on Consumer Loans

On January 13, the Illinois legislature unanimously passed the Predatory Loan Prevention Act (“PLPA”), which would prohibit lenders from charging more than 36% APR on consumer loans. Specifically, the…

1.24.23

12 Dykema Attorneys Listed as 2023 Illinois Super Lawyers and Rising Stars

Dykema, a leading national law firm, announced today that eight attorneys from the firm’s Chicago office, and from multiple practice areas, were named to the 2023 Super Lawyers list by Illinois Super…

1.28.22

17 Dykema Attorneys Listed as 2022 Illinois Super Lawyers and Rising Stars

Dykema, a leading national law firm, announced today that a total of 12 attorneys from the firm’s Chicago office, and from multiple practice areas, were named to the 2022 Super Lawyers list…

5.30.19

Dykema’s Chicago Office Adds Corporate Finance Attorney Lauren E. Quigley

Dykema, a leading national law firm, today announced the addition of Lauren E. Quigley to its Corporate Finance Practice Group as a senior counsel in the firm’s Chicago office. Quigley, who previously…

3.21.24

Consumer Financial Services Answer Book (2024 Edition)

Dykema is proud to announce that nine attorneys from its Financial Industry Group contributed to the 2024 Edition of the Practising Law Institute’s (PLI) Consumer Financial Services Answer Book.

12.04.23

Regulation E - Common Findings at Financial Institutions

Scott Fryzel and Lauren Quigley each served as featured presenters at the Wespay Quarterly Member Update - 4th Quarter 2023, which includes the latest news and information in the payments industry.…