Understanding FinCEN’s New Beneficial Ownership Information Rule
Listen now
Description
The Financial Crimes Enforcement Network (“FinCEN”) recently published its final beneficial ownership information rule (the “BOI Rule”). The BOI Rule will have a significant impact on a number of businesses, including those in the commercial real estate and structured finance sectors. The BOI Rule addresses who will be required to file beneficial owner information with the Corporate Transparency Act (“CTA”) Registry, who will be exempt from filing, what must be filed and when the required reports must be made. Please join Mayer Brown partners Brad Resnikoff and Matt Bisanz to learn more about the BOI Rule and how to prepare to come into compliance with it.
More Episodes
On March 5, the Consumer Financial Protection Bureau issued a Final Rule that would significantly restrict late fees that consumer credit card issuers may charge to a mere $8—representing approximately a 75% reduction from current levels. Within two days, the Final Rule faced a challenge in the...
Published 04/11/24
Published 04/11/24
The CFPB has launched an aggressive campaign against so-called “junk fees.” This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting credit card late fees. Along the same lines, two of the three latest editions of the Bureau’s...
Published 03/25/24