On June 3, 2024, the Consumer Financial Protection Bureau imposed a new set of regulatory obligations on nondepository consumer-financial companies that are subject to court or administrative orders enforcing federal or state consumer-protection laws. The Bureau’s new rule creates a public registry of such orders dating back to January 1, 2017. It requires covered entities to submit the orders and information about them to populate the registry. And it requires covered entities subject to CFPB supervision to also file annual statements about their ongoing compliance with these orders and to self-report any violations or noncompliance that the supervised entity identified during the prior year. The rule marks a new assertion of regulatory oversight by the CFPB with consequential implications, creating increased risks of investigation and enforcement by the Bureau and other regulators and the potential for increased public scrutiny. For supervised nonbanks, the rule may also increase the risk of examination by CFPB officials based on the nonbanks’ annual statements.

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their…

Notable litigation filed during April 2024 includes Fielder v. Bullock.

Fielder v. Bullock, No. 16-JCV-24-641 (Ark. Cir. Ct.).

Plaintiff, individually, as Power of Attorney for his parents, and as Trustee of the Fielder Living Trust, filed suit against a defendant schemer in Arkansas state court for losses arising from an alleged Ponzi scheme…

While the dental practice market is one of the most mature healthcare markets, it also is highly fragmented. That fragmentation means opportunities vary at every valuation level.

In this episode of The Corner Series, McGuireWoods’ Geoff Cockrell is joined by Kevin Cumbus, founding partner and president at TUSK Practice Sales. Tune in…

Goldman Sachs Alternatives has acquired Xpress Wellness from Latticework Capital Management (LCM), according to a news release.

Xpress, founded in 2014 and based in Oklahoma City, provides healthcare services to rural and underserved communities across Oklahoma, Kansas and Texas. The company operates 58 clinics, 39 of which are certified rural health clinics.

LCM…

Riata Capital Group (RCG) has announced it has closed a new private equity fund with $285 million in capital commitments.

The fund, RCG Equity Fund II, exceeded the firm’s hard cap.

Riata indicated that the fund will be used to target six platform companies within the firm’s three industry sectors of healthcare services, business services…

Eir Partners Capital has announced it has closed the second iteration of its private equity fund with $496 million in capital commitments.

The fund, Eir Partners Investment Program II, was oversubscribed.

Eir, based in Miami, is a middle market private equity firm focused on healthcare technology and tech-enabled services. Founded in 2015, Eir’s targeted…

GTCR is expected to acquire Caravel Autism Health, according to industry reports.

Caravel Autism Health, founded in 2009 and based in Green Bay, Wisconsin, is a provider of in-home intensive, post-intensive, pre-intensive and diagnostic evaluation services to children with autism spectrum disorder. The company operates more than 60 locations in eight states.

GTCR,…