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Biden Administration Cryptocurrency Consumer Financial Protection Bureau (CFPB)

Jenner & Block

US Fintech Landscape for 2025

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With the change of presidential administrations in January, there has been a significant shift in the landscape for financial technology companies in the United States for 2025 and beyond. First, the new administration...more

Holland & Knight LLP

New Frontiers: CFPB Proposes Extending Consumer Protections to Other Digital Payment Mechanisms

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In the waning days of the Biden Administration, the Consumer Financial Protection Bureau (CFPB) on Jan. 10, 2025, issued a proposed interpretive rule that would provide a framework for determining when the Electronic Fund...more

Spilman Thomas & Battle, PLLC

Promissory Notes - Banking & Finance Insights: Issue 12, December 2022

US Senators Ask SoFi About Its Banking Law Compliance = “Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 41

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both out of session for the last week before the election. Debt Limit. According to the Bipartisan Policy Center, the U.S. won’t reach its...more

ArentFox Schiff

Biden Administration Offers More Details on Emerging Crypto Regulatory Scheme

ArentFox Schiff on

The Biden Administration, after ordering a series of reports on the risks and potential benefits of cryptocurrency and digital assets in its March 9, 2022, Executive Order (EO), has now published the “Comprehensive Framework...more

Akerman LLP

Consumer Regulators' Role in Biden Administration's Framework on Digital Assets

Akerman LLP on

Earlier this year, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets ("Digital Assets EO"). The Digital Assets EO directed over 20 federal agencies to provide the Administration...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 35

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in session this week. Senate Majority Leader Chuck Schumer (D-NY) filed cloture last week on the Kigali amendment to the Montreal...more

Venable LLP

Biden Tasks Consumer Protection Agencies with Stepping Up Cryptocurrency Oversight

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In its much-anticipated cryptocurrency executive order issued earlier this month, the Biden administration called for a coordinated interagency approach to the regulation of digital assets and to the study of their potential...more

Alston & Bird

Breaking Down Key Areas of Biden’s Executive Order on Ensuring Responsible Development of Digital Assets

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On March 9, 2022, President Biden issued his Executive Order on Ensuring Responsible Development of Digital Assets. The Executive Order (EO) establishes policy objectives related to digital assets and directs agencies and...more

Goodwin

CFPB Launches New Initiative Focused on Rural Communities

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In This Issue. The Consumer Financial Protection Bureau (CFPB) announced a new initiative focused on financial issues faced by rural communities and also updated its examination procedures to cover unfair discrimination; the...more

Bracewell LLP

Executive Order Legitimizes Cryptocurrency Industry – Regulation and Legislation up Next

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The White House Executive Order on Ensuring Responsible Development of Digital Assets (the “EO”), is the policy statement that the industry was waiting and hoping for: one that recognizes the legitimacy of the cryptocurrency...more

Pillsbury Winthrop Shaw Pittman LLP

A Long-Awaited Effort to Clarify Regulation of Digital Assets and Cryptocurrency—Unpacking the Biden Administration’s New...

The Biden Administration has launched a comprehensive effort to develop a cohesive policy approach for digital assets. Key agencies are instructed to report on digital asset issues and legal framework in relation to...more

Troutman Pepper Locke

Biden Signs Executive Order on Cryptocurrency

Troutman Pepper Locke on

On March 9, President Biden signed an Executive Order (the Order) to establish the first comprehensive federal digital asset strategy for the U.S., which would promote digital asset innovation while balancing benefits and...more

Robins Kaplan LLP

Fed to Hasten Taper in Bid to Target Persistent Inflation | Financial Blog - Financial Daily Dose 12.1.2021

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Fed Chair Powell used the Omicron variant’s emergence as impetus to more aggressively target the now-persistently stubborn inflation, telling the Senate Banking Committee during testimony on Tuesday that the central bank...more

Morgan Lewis

President’s Working Group Report: Stablecoin Issuers Should Be Banks; Status as Securities or Commodities Still Unclear

Morgan Lewis on

US President Joe Biden’s Working Group on Financial Markets (PWG), along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), released a report on the risks and...more

Nutter McClennen & Fish LLP

Nutter Bank Report: October 2021

Federal and State Financial Regulators Publish New Guidance on LIBOR Transition - The federal banking agencies, the NCUA and the CFPB, in conjunction with the state bank and state credit union regulators, have issued joint...more

Spilman Thomas & Battle, PLLC

All Consuming - Financial Litigation Insights, Volume 2, Issue 19

Biden Administration Extends Student Loan Pause Until January 31, 2022 - "The Department believes this additional time and a definitive end date will allow borrowers to plan for the resumption of payments and reduce the...more

Perkins Coie

Fintech Week in Review - February 2021 #3

Perkins Coie on

FDIC Appoints First Chief Innovation Officer - On February 16, 2021, the Federal Deposit Insurance Corporation (FDIC) appointed Sultan Meghji as the agency’s first Chief Innovation Officer. Meghji has been made responsible...more

Robins Kaplan LLP

Financial Daily Dose 3.3.2021 | Top Story: Rare Merck-J&J Partnership to Boost U.S. Vaccine Production

Robins Kaplan LLP on

In a move we hinted at here recently, drug giant Merck is partnering with rival Johnson & Johnson to help produce production of J&J’s single-shot coronavirus vaccine. This unprecedented “Coke & Pepsi of the pharma world”...more

Robins Kaplan LLP

Financial Daily Dose 3.2.2021 | Top Story: U.S. Markets Bounce Back as Bonds Settle

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A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more

Morgan Lewis

Key Financial Regulatory Issues for Biden Administration’s Early Days

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The inauguration of US President Joe Biden on January 20, 2021, marked the beginning of what will surely be a major transition across the US legislative and regulatory landscape—including the laws and regulations governing...more

Goodwin

Biden Administration Issues Regulatory Freeze On New Agency Rules

Goodwin on

In this Issue. In one of its first acts after being installed on January 20, the Biden Administration issued a regulatory freeze on new agency rules that have been adopted but are not yet effective; in one of its final acts...more

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