Key Points -
- On June 17, 2025, the U.S. Senate passed, with a 68-30 vote, legislation that would authorize and regulate the issuance of stablecoins. Referred to as the GENIUS Act, the bipartisan bill must be passed by...more
7/7/2025
/ Banking Sector ,
Cryptocurrency ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Reform ,
Legislative Agendas ,
New Legislation ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Requirements ,
Stablecoins
Key Points -
- New leadership at the financial regulatory agencies is likely to reverse some Biden-era rules and policy statements.
- President-elect Trump’s picks are expected to make industry-friendly changes in a...more
Key Points -
- A Republican president and Congress are expected to be more supportive of digital assets than the current administration.
- There is a reasonable chance that legislation creating a regulatory framework...more
1/15/2025
/ Banking Sector ,
Capital Markets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Federal Bank Regulatory Agencies ,
Financial Regulatory Reform ,
Financial Services Industry ,
Legislative Agendas ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Technology Sector ,
Trump Administration
On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule (Rule) on personal financial data rights under Section 1033 of the Dodd-Frank Act. The Rule imposes significant new obligations on...more
12/17/2024
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Cybersecurity ,
Data Privacy ,
Depository Institutions ,
Final Rules ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
New Rules ,
Popular ,
Regulation E ,
Regulation Z ,
Regulatory Agenda ,
Regulatory Requirements
On November 21, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule that deems payment app providers “larger participants” subject to the agency’s direct supervision (Rule)....more
12/16/2024
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Governance ,
Depository Institutions ,
Dodd-Frank ,
Final Rules ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Investigations ,
Payment Processors ,
Private Equity ,
Regulatory Agenda
Across industries, companies are facing new and uncertain regulatory pressures and demands in areas including artificial intelligence, sustainability, algorithmic pricing and fintech-bank relations. In this issue of The...more
9/10/2024
/ Algorithms ,
Antitrust Division ,
Artificial Intelligence ,
Banking Sector ,
Board of Directors ,
Competition ,
Corporate Governance ,
Department of Justice (DOJ) ,
Disclosure Requirements ,
Enforcement Actions ,
EU ,
Financial Institutions ,
FinTech ,
Multinationals ,
Price-Fixing ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Sustainability ,
Technology Sector ,
UK
The 2024 elections may usher in laws and regulations that impact fintechs, making it important for management to identify the areas that present the greatest challenges and opportunities....more
On July 25, 2024, the U.S. prudential bank regulators released a Joint Statement on Banks’ Arrangements With Third Parties To Deliver Bank Deposit Products and Services (Joint Statement),1 along with a request for information...more
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has recently taken steps to expand the reach of the Bank Secrecy Act (BSA) and related customer identification regulations. These steps build on...more
5/30/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Beneficial Owner ,
CFIUS ,
Customer Identification Program (CIP) ,
Financial Institutions ,
FinCEN ,
Policies and Procedures ,
Proposed Rules ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC)
The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Housing Finance Agency (FHFA) and the National Credit Union Administration (NCUA) recently re-proposed rules...more
5/21/2024
/ Banking Sector ,
Covered Person ,
Executive Compensation ,
FDIC ,
FHFA ,
Financial Institutions ,
Financial Regulatory Reform ,
Incentive Compensation ,
NCUA ,
Proposed Rules ,
Recordkeeping Requirements ,
Risk Management ,
Section 956