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Mass. Banking Brief: The Notable Compliance Updates In Q3

Financial Services Co-chair Pete Michaels, Member Keith Kollmeyer, and Associate Alyssa Scruggs co-authored the Massachusetts Banking Brief for Law360

The authors wrote: "The third quarter of 2023 was a busy one for legislative and regulatory developments in Massachusetts financial services law.

"Massachusetts' highest court handed down a stunning endorsement of the commonwealth's fiduciary duty rule.

"The state Division of Banks, or DOB, focused on a variety of significant issues. It also continued enforcement efforts to ensure that lenders, debt collectors and loan servicers maintain the proper licensure to conduct business in Massachusetts."