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Finance & Banking Updates

Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Gray Reed

Texas Capitol Report: New Legislation Takes Effect

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The 89th Texas Legislative Session brought forward a series of new laws, including those that took effect on September 1. These changes directly impact how businesses across industries operate, from compliance requirements to...more

Mandelbaum Barrett PC

Turning Conflict Into Capital: Litigation as an Investment Strategy

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Traditionally, litigation has been viewed as a costly necessity. In today’s complex financial landscape, litigation is no longer just a cost center, it’s emerging as a dynamic investment tool across fund types. This series...more

Cadwalader, Wickersham & Taft LLP

Back to School: Lessons in NAV Lending, September 2025 - Taking Security in NAV Lending: The SPV Pledge

When taking security over a portfolio of investments in a NAV facility, it may be difficult or costly to take security over the borrower’s investments. A common solution is to implement what we refer to as the SPV pledge....more

Mayer Brown Free Writings + Perspectives

What the New Foreign Entity Rules Mean for Debt Financing When Clean Energy Tax Credits Are at Play

The U.S. government has been steadily tightening rules relating to who can benefit from clean energy incentives.  The One Big Beautiful Bill Act (OBBBA) is the latest step, and it makes one thing crystal clear:  if your...more

White & Case LLP

SEC Announces Priorities With Latest Reg Flex Agenda

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On September 4, 2025, the SEC's latest reg flex agenda was released, setting out the short- and long-term regulatory actions that the SEC plans to take. The agenda includes a number of proposals designed to reduce compliance...more

K&L Gates LLP

Will Payment Stablecoins Mean the End of State Money Transmitter Licensing?

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The GENIUS Act (Act) allows “permitted payment stablecoin issuers”—which term includes nonbanks that are either Federal qualified payment stablecoin issuers (FQPSI) (regulated by the OCC) or State qualified payment stablecoin...more

K&L Gates LLP

Australia: Crypto in the Courts – ASIC v Finder Update

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The Federal Court of Appeal has dismissed ASIC’s appeal and upheld the primary judge’s decision that Finder Wallet’s (Finder) product “Finder Earn” was not a “debenture” and they did not have to hold an Australian Financial...more

Herbert Smith Freehills Kramer

AML/CTF Rules Are Finalised - Key Takeaways

After two rounds of consultation, the Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 (New AML Rules) were made on 29 August 2025 alongside the Anti-Money Laundering and Counter-Terroism Financing (Class...more

DLA Piper

SEC Rulemaking Agenda Focuses on Crypto Regulation, Facilitating Capital Formation and Easing Public Company Reporting Burdens

DLA Piper on

On September 4, 2025, the US Securities and Exchange Commission (SEC) announced the publication of its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, which sets forth its rulemaking priorities for the next...more

Baker Donelson

Fifth Circuit Sends Back SEC's Securities Lending and Short Sale Rules for Agency to Consider Cumulative Economic Impact

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In a decision that could reshape how securities lending and short sale market transactions are disclosed, the U.S. Court of Appeals for the Fifth Circuit (the Court) returned two key Securities and Exchange Commission (SEC)...more

Alston & Bird

New York’s FAIR Act: What Financial Services Compliance Teams Must Know

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What Happened? As we highlighted in March following its introduction, the New York’s Fostering Affordability and Integrity through Reasonable Business Practices (“FAIR”) Act represents a fundamental transformation of the...more

Sheppard Mullin Richter & Hampton LLP

CFPB Secures Permanent Ban on Fintech Service Provider for Alleged Unfair Practices

On August 21, the CFPB filed a complaint and stipulated final judgment in the U.S. Bankruptcy Court for the Central District of California against a fintech service provider in Chapter 11 proceedings. The Bureau alleged...more

Cadwalader, Wickersham & Taft LLP

Summer’s Over and the Regulations Keep Coming, September 2025 - Defining (Again) The Scope of “Commodity”

On July 21, 2025, a U.S. district court judge in Texas stated in an opinion and order that “section 1 [of the Commodity Exchange Act (“CEA”)] does not encompass precious metals [such as gold] as commodities because they are...more

Sheppard Mullin Richter & Hampton LLP

Illinois Enacts Digital Asset Consumer Protection and Kiosk Laws

On August 18, Illinois Governor JB Pritzker announced the signing of two measures establishing comprehensive digital asset safeguards. The Digital Assets and Consumer Protection Act (SB 1797) and the Digital Asset Kiosk Act...more

K&L Gates LLP

The White House Working Group on Digital Asset Markets Report: Establishing Clear Regulation Based on a Digital Assets Taxonomy

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The President’s Working Group on Digital Asset Markets Report (the Report) emphasizes that a clearly defined taxonomy is essential for establishing a regulated digital asset market and identifying the appropriate federal...more

Alston & Bird

DOJ Refines Illicit Finance Enforcement Approach for DeFi

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Our White Collar, Government & Internal Investigations Group reviews several Department of Justice statements that together signal how it will enforce illicit finance risks in decentralized finance (DeFi), focusing on...more

Sheppard Mullin Richter & Hampton LLP

OCC Terminates 2022 Consent Order Against National Bank

On August 18, the OCC terminated its 2022 consent order against a national bank. The order was issued under the Bank Secrecy Act and related anti-money laundering regulations, and required the bank to implement corrective...more

Cadwalader, Wickersham & Taft LLP

Summer’s Over and the Regulations Keep Coming, September 2025 - End of Summer Regulatory Round-Up

As summer comes to an end, here is a round-up of regulatory activities in financial services: Consumer Financial Protection Bureau Sues Synapse. The fintech filed for bankruptcy in April 2024 has been sued by the CFPB on...more

Herbert Smith Freehills Kramer

Decoding Tokenisation: Taking Security in Australia Over Digital Tokens

In the expanding digital economy, tokenisation is set to transform how we interact with assets by creating digital representations of real-world assets on distributed ledgers. This promises to enhance efficiency, transparency...more

Sheppard Mullin Richter & Hampton LLP

Nasdaq Proposes Significant Changes to Initial and Continued Listing Standards

On September 3, 2025, The Nasdaq Stock Market LLC (Nasdaq) announced proposed changes to its listing standards. According to Nasdaq, these proposed changes respond to the rising complexity and volatility in today’s capital...more

Holland & Knight LLP

Superintendencia Financiera de Colombia busca fortalecer la liquidez en mercados de capitales

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Por medio del Proyecto No. 15 de 2025 la Superintendencia Financiera de Colombia (SFC), dio a conocer, para comentarios del público, la normativa con la cual busca impartir instrucciones para fortalecer la liquidez de los...more

Hogan Lovells

UK Insurance Horizon Scanner – September 2025

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A snapshot of key market and regulatory developments expected to impact the UK insurance sector between now and the end of the year. ...more

Troutman Pepper Locke

SEC and CFTC Staff Issue Joint Statement on Digital Asset Commodity Transactions

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On September 2, the staff of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a Joint Staff Statement regarding the listing of leveraged, margined, or financed spot...more

Jones Day

CFTC Issues Advisory to Clarify FBOT Registration Framework for Non-U.S. Crypto Exchanges to Access U.S.-based Participants

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To promote regulatory clarity, on August 28, 2025, the Commodity Futures Trading Commission ("CFTC")'s Division of Market Oversight issued an advisory to reaffirm its longstanding foreign board of trade ("FBOT") registration...more

Hogan Lovells

UK Economic Crime Progress Report: A mixed picture

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When the UK government launched Economic Crime Plan 2 (ECP2) in March 2023, its ambitions were clear. Building on the first Plan, the 2023-26 strategy set out three overarching goals: to cut fraud; reduce money laundering and...more

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