Dr. Daniels and Son Investment Real Estate Capital

03/06/2024

https://www.consumerfinance.gov/about-us/newsroom/cfpb-finds-billions-of-dollars-stored-on-popular-payment-apps-may-lack-federal-insurance/

The Consumer Financial Protection Bureau published an issue spotlight on digital payment apps heavily used by consumers and businesses.

12/10/2023

https://www.gtlaw.com/en/insights/2023/9/irs-rules-transferable-development-rights-are-real-property-for-section-1031-purposes

. The IRS issued Private Letter Ruling 202335002 regarding whether TDRs are of “like kind” within the meaning of Section 1031 of the Internal Revenue Code.

05/10/2023

https://www.consumerreports.org/media-room/press-releases/2023/10/consumer-reports-introduces-free-permission-slip-by-cr-app-to-empower-consumers-to-take-back-control-of-their-personal-data/

YONKERS, NY – Consumers nationwide now have a powerful new tool to safeguard their privacy. Permission Slip by CR, a free app from Consumer Reports, the independent nonprofit organization that has been protecting consumers for nearly a century, will help users regain control of their personal info...

18/03/2023

Brian nails it — “When everyone panics and wants their money under the mattress instead of at their bank, a capitalistic economy is dead in the water. So, if you are in charge of the banking system like the FDIC, job one is to never allow the bank run panic contagion to spread to the whole banking industry because it will bring down the whole economy.“

After writing a series of relatively weedy legal and regulatory Musings in 2023, I promised myself that my next Musing would be something that is accessible to everyone (sort of like Pickleball). Fate intervened and the ...

13/03/2023

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm

Washington, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Cha

28/02/2023

Dodd-Frank update:
The Supreme Court will hear a case that challenges the constitutionality of funding of the CFPB. The Bureau is funded by the Federal Reserve, not via appropriations from Congress.
This comes after a federal appeals court ruled the CFPB's funding mechanism was unconstitutional.
It's possible that this case could question every enforcement action, rule, etc. from the CFPB in its history, but this is unlikely based on on how the CFPB Supreme Court handled a prior case in a surgical fashion.
In that case, they allowed the CFPB to continue operating, but ruled the part of Dodd-Frank stating the CFPB Director could only terminated "for cause" was unconstitutional because it violated the separation of powers rule.
That case was a 5-4 decsion (PHH Corp. v. Consumer Financial Protection Bureau), in which SCOTUS ruled the CFPB Director may be terminated "at will" by the President.

https://www.nytimes.com/2023/02/27/us/supreme-court-cfpb-consumer-watchdog.html?fbclid=IwAR3ZzgQ9xp5sC0KCOMzVajKSCwWSMxAsg9TMoat7ce76pmfdcvnmpFXsxzg

A decision against the bureau could cast doubt on every rule and enforcement action the Consumer Financial Protection Bureau has taken.

19/04/2021

The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for Disease Control and Prevention (CDC)’s eviction moratorium.