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The FAST Act: Regulatory Relief for Financial Institutions

On December 4, 2015, President Obama signed a highway bill, the “Fixing America’s Surface Transportation Act” (the FAST Act). Tacked onto this bill were numerous amendments to banking, securities, and housing laws that are intended to provide…

Waiver of Suretyship Defenses - Not a Sure Thing?

A “surety” is generally known as one who agrees to be liable for the debts or contractual obligations of another. Lenders and borrowers often rely on sureties to act as guarantors to assure or guaranty that a borrower will fulfill its obligations to…

Cybersecurity Insurance Policies May Not Provide Expected Coverage

Companies purchase cybersecurity insurance policies to cover financial losses from cyber threats. However, such insurance policies may not provide the expected coverage. BitPay recently incurred such a loss, but its insurance carrier refused…