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…

5.01.20

Escaping Paper and Going Digital

Laura Baucus, Bloomfield Hills-based Member and head of Dykema’s Financial Services Litigation Practice Group, and Beth Lyden, Chicago-based Senior Attorney in the firm’s Corporate Finance Practice…

2.07.20

Biometrics and the Fifth Amendment: A New Frontier

2.25.22

Mining the Metaverse: Prospecting the Virtual Real Estate Boom and Implications For Lenders

If Mark Zuckerberg is to be believed, the Metaverse is the next step in our digital evolution, a  virtual reality space where users can interact with a computer-generated environment and socialize…

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…

2.10.22

Convenience Fees Face Increased Scrutiny After Fourth Circuit Holds That Online Payments May Violate Consumer Protection Statutes

The Fourth Circuit recently found that the imposition of convenience fees can run afoul of consumer protection statutes—including the Fair Debt Collection Practices Act. Convenience fees are commonly…

3.13.25

U.S. Government Increases Scrutiny on Mexico-Related Payments Following Terrorism Designations

In response to escalating concerns surrounding cartel-related activities, the U.S. government has intensified its scrutiny of financial transactions connected to Mexico. Recent designations of several…

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…

2.10.25

One Minute Matters [Video]: Could Imprecise Language in Your Loan Guaranty Reaffirmation Put You at Risk? (with Bob Groholski)

Can a single word in your loan guaranty reaffirmation put you at risk? In Huntington National Bank v. Schneider, the court ruled that these agreements must be precisely worded to effectively waive…

12.04.24

One Minute Matters [Video]: Will Quantum Computing Transform the Way We Use AI Technology? (with Diego Freire)

Quantum computing has the potential to transform the way we use artificial intelligence, disrupting industries far beyond the tech space by tackling problems classical computers can’t solve. Diego…

10.24.24

One Minute Matters [Video]: 3 Key Trends Driving M&A Activity in the Financial Services Industry (with Jeff Gifford)

From adapting to the rise of Fintechs to navigating a minefield of complex regulations, dealmaking in the financial services sector is evolving in real time. Want to know how institutions are…

1.17.24

"Beware of the crypto/blockchain patent troll"

Mike Word was extensively quoted in the Fintech Nexus article, "Beware of the crypto/blockchain patent troll."

9.08.20

Malven, Motley and Whalen Speak at State Bar of Michigan IT Law Seminar

Dykema members Mark Malven, Cinthia Motley and Jeanne Whalen will each serve as featured presenters in various sessions of the State Bar of Michigan’s “IT Law: Annual IT Law Seminar,” on September 10,…

10.09.19

Seven Dykema Attorneys Contribute to PLI’s Consumer Financial Services Answer Book (2020 Edition)

Dykema is proud to announce that seven attorneys from its Financial Industry Group contributed to the 2020 Edition of the Practising Law Institute’s (PLI) Consumer Financial Services Answer Book.

6.23.23

Corporate Attorney Peter F. Waltz Joins Dykema’s Milwaukee Office

Dykema, a leading national law firm, announced the addition of Peter Waltz as a Member of its Corporate Finance Practice Group resident in the firm’s Milwaukee office. Waltz joins Dykema after…

7.15.19

Dykema’s Chicago Office Adds Financial Services Attorney Robert D. Leavitt

Dykema, a leading national law firm, today announced the addition of Robert D. Leavitt to its Financial Industry Group and Business Services Department as a Senior Counsel in the firm’s Chicago…

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…

5.09.24

Voice Recognition for Payments: Obligations and Rights of Customers and Financial Institutions

Scott Fryzel will serve as a featured presenter for Smarter Faster Payments 2024, which takes place May 6-9 in Miami. Fryzel's session is entitled, "Voice Recognition for Payments: Obligations and…