Tuesday, November 29, 2022
On November 15, 2022, the Federal Trade Commission (“FTC”) announced that it has extended the deadline to comply with various aspects of the updated “Safeguards Rule” described in 16 C.F.R. Part 314. The new deadline for compliance is June 9, 2023. The Safeguards Rule addresses the safeguards and protections that financial institutions are required to have in place to protect their consumer financial data and other sensitive information. The FTC considers institutions of higher education that participate in the federal student aid programs or that issue private loans and engage in debt collection activities to be financial institutions covered by the Safeguards Rule under the Gramm-Leach-Bliley Act (“GLBA”). As we discussed in our December 22, 2021, Client Alert, the FTC revised the Safeguards Rule in October 2021, with some aspects of the rule taking effect on January 10, 2022. The FTC, however, originally gave institutions until December 9, 2022, to...
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Monday, November 28, 2022
Two Maynard attorneys, Jack Chambers and John Neiman discuss the 2022 Alabama Constitution that replaced the previous version from 1901. Jack explains the constitution's history, passage, and adoption in a blog post here, https://bit.ly/3EB5kTF. In the AL.com article “What’s in Alabama’s new state constitution of 2022? What’s changed?” John says...
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Tuesday, November 22, 2022
Maynard is pleased to announce the addition of an experienced attorney to the Government Solutions Group. Jacob Cain will be resident in the Huntsville office. “We are excited to welcome Jacob Cain to our Group as we continue to expand our practice and deepen our bench,” said Andy Watson, Chair...
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Monday, November 21, 2022
On November 1, 2022, the U.S. Department of Education (“ED”) announced the issuance of new and amended Final Regulations (“Regulations”) regarding a host of student loan topics, including borrower defense to repayment, pre-dispute arbitration and class action waivers, closed school discharges, total and permanent disability discharges, false certification discharges, and...
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Friday, November 18, 2022
Vincent Schilleci J. III, a Shareholder in Maynard’s Estate, Trust and Business Planning Practice Group, was recently elected by the Board of Regents of The American College of Trust and Estate Counsel (“ACTEC”) to be a Fellow of the College. As one of only 53 Fellows elected internationally at the...
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