On April 17, 2024, the Consumer Financial Protection Bureau entered an order against a for-profit vocational school and its CEO for mischaracterizing the school’s income-share agreements (ISAs) and misrepresenting its graduates’ employment rates. The CFPB said the school drove students to finance their training programs with promises of high graduate employability. To finance students’ education,…

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…

On April 15, 2024, the Equal Employment Opportunity Commission released the long-awaited final regulations implementing the Pregnant Workers Fairness Act (PWFA). The regulations will take effect on June 18, 2024. Read on for a summary of the additional clarity and guidance the regulations provide as to the scope and application of the PWFA.

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An affiliate of Peak Rock Capital will acquire HuFriedyGroup, according to a news release.

The transaction is valued at $787.5 million, according to industry reports.

HuFriedyGroup is the dental segment of STERIS. Founded in 1908 and based in Chicago, HuFriedyGroup is a manufacturer of instruments, infection prevention products, instrument management systems and conscious…

Yesterday, the Consumer Financial Protection Bureau updated its process for designating a nonbank for supervision. Initially issued in 2013, the revised rule specifically establishes the CFPB’s procedures in determining whether a nonbank “poses risk to consumers” and is thus subject to the Bureau’s supervisory authority. The CFPB has had the authority to supervise such nonbanks since its creation. But it was not until 2022 that the CFPB announced that it would begin to use this so-called “dormant authority” to examine nonbanks. Last year, the CFPB initiated several supervisory-designation proceedings against nonbanks under that previously dormant authority, leading to the Bureau’s first-ever order in a contested matter establishing supervision over a nonbank. 

Behrman Capital has announced the acquisition of Vista Apex.

Vista Apex, founded in 1997 and based in Racine, Wisconsin, is a manufacturer of consumable dental products for preventative oral hygiene, endodontics and restorative dentistry.

Behrman, founded in 1991 and based in New York, seeks to make control investments in middle market North American…

On April 2 and 3, 2024, U.S. Securities and Exchange Commission Chair Gary Gensler, Division of Enforcement Director Gurbir Grewal and other senior SEC officials convened at the SEC Speaks conference held in Washington, DC to discuss the SEC’s accomplishments in fiscal year 2023 and announce its priorities for 2024.