What is The Corporate Transparency Act? The Corporate Transparency Act (“CTA”) is landmark federal legislation that significantly impacts how privately held corporations, LLCs, LLPs, and other entities report ownership information to FinCEN, a bureau of the U.S. Department of Treasury. The purpose of the CTA is to prevent financial crimes, […]
Publications
Nebraska Supreme Court Clarifies That Natural Resource District’s Counsel Cannot Participate Both in Board Decision-Making Process and Adjudicate the Appeal of the Same Decision
In Uhrich & Brown Ltd. Partnership v. Middle Republican Natural Resource District (“NRD”), the Nebraska Supreme Court vacated the NRD’s administrative ruling because its attorneys both prosecuted the case and participated in the NRD’s decision‑making process.The Court found that the NRD’s administrative proceedings lacked neutrality and violated Uhrich & Brown […]
SEC New Cybersecurity Rules; FBI Issues Guidance on Requesting Delays for Reporting Cybersecurity Issues
The Securities and Exchange Commission (“SEC”) adopted new regulations this year that took effect September 5, 2023, and require disclosure of a “material” cyber-attack in all annual reports beginning December 15, 2023, and in all 8-K’s starting December 18, 2023.[1] 8-K Rules: Disclosures, Materiality, and Timing The SEC now requires […]
CFPB Keeps its Sights on Fees in Latest Enforcement Action
On December 7, the Consumer Financial Protection Bureau (“CFPB”) announced that it was taking action against Atlantic Union Bank over practices the CFPB says misled consumers into enrolling in overdraft services without the proper disclosures. The end result of the action is a $1.2 million penalty owed by Atlantic Union […]
Federal Court Holds Counties May Not Impose “Safety Standards” on Carbon Pipelines
Under the U.S. District Court for the Southern District of Iowa’s decisions, counties may not regulate carbon pipelines’ setbacks, decommissioning or emergency-response requirements. Under the Supremacy Clause of the U.S. Constitution, federal statutes and regulations preempt any incompatible local law.[1] Preemption can occur either expressly or by implication, such as […]

