The OCC Bulletin sends a clear message that fintech-enabled services have become an integral part of the financial services ecosystem. On June 7, the Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2017-21 (Frequently Asked Questions to Supplement Bulletin 2013-29; Third-Party Relationships: Risk Management Guidance). This is the OCC’s second bulletin focusing on third-party oversight released this year (click here for our analysis of OCC Bulletin 2017-7). The first bulletin was directed to national bank examiners and established procedures for evaluating the...

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France has just been through a major election period occurring every five years, which also marks a profound reshaping of its political landscape. The memo below outlines the main takeaways of these past few months and what it means for France as well as for the EU. Executive Summary • The election of President Macron marks a new stage in the reshaping of the French political framework, with the victory of an independent candidate transcending the classic Left/Right divide. • The Government...

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DS-Concept has provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer. The company is using DS-Concept’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw DS-Concept as a better option than a traditional bank because of their ability to accommodate for growth and seasonality. The company, based in Texas, is a licensed manufacturer and distributor of several well-known...

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Meet Harvard Law grad Raj Goyle, a high-end lawyer turned legal entrepreneur who never bothered with Biglaw Happy summer to all you lawyers out there — billing Biglaw hours, while searching for a better way. Today, I offer a glimmer of hope to associates wearing the golden handcuffs, and the law students who haven’t tried them on yet! While I have fond memories of my old firm, there is no question that life as a Biglaw associate is really really...

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Firms to collaborate on driving Transatlantic policy and investment Blue Star Strategies, LLC announced that Mathilde Defarges, Partner at Arcturus Group, will serve as strategic advisor for France and Brussels to the firm. Ms. Defarges will work with Blue Star Strategies to drive Transatlantic policy and investment by supporting European clients with interests in the United States and North American clients with interests in France and Brussels. She will continue to serve as partner at Arcturus Group from her Paris and Brussels...

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BY MICHELLE WHITE AND JOE CURTIS ON JUNE 13, 2017 The U.S. Citizenship and Immigration Services (USCIS) recently issued a policy memorandum directing USCIS personnel to adopt the Administrative Appeals Office’s (AAO) reasoning in Matter of I-Corp. Specifically, pursuant to Matter of I-Corp., USCIS is directed to deny visa petitions that are based on an illegal or otherwise invalid or unenforceable employment agreement.  Matter of I-Corp. pertained to the denial of a petition for an L-1B visa on the grounds that the evidence...

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