Financial Institutions, Enforcement Actions, Regulatory Agencies

SEC Whistleblower Awards Face Scrutiny as Denials Rise

Troutman Pepper Locke on 7/29/2025

A recent article by Bloomberg Law highlighted a significant shift in the Securities and Exchange Commission’s (SEC) approach to whistleblower claims. The article, “Whistleblower Awards Slow to Trickle as SEC Raises Bar on...more

The Desk: July Edition

Moore & Van Allen PLLC on 7/3/2025

We hope everyone has a relaxing, safe, and enjoyable Fourth of July. Despite some personnel changes at the CFTC, the current administration seems to be hitting its stride in terms of enforcement actions and regulatory...more

Democrats write to OIG on NCUA board member removals

Orrick, Herrington & Sutcliffe LLP on 5/12/2025

On April 29, Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) sent a letter to the Inspector General of the NCUA to request an investigation into the agency’s ability to operate with a single board member. The...more

OCC releases April 2025 enforcement actions

Orrick, Herrington & Sutcliffe LLP on 4/28/2025

On April 17, the OCC announced enforcement actions against three institution-affiliated parties, alleging in the first instance fund misappropriation, in the second Paycheck Protection Program fraud, and in the last...more

Banking Committee sends nomination of Jonathan McKernan as CFPB Director to full Senate

Ballard Spahr LLP on 3/7/2025

The Senate Banking Committee on March 6 approved the nomination of Jonathan McKernan to be Director of the Consumer Financial Protection Bureau. ...more

Under New Leadership, CFPB No Longer Interested In Pushing The Envelope On Consumer Protection Laws

Seyfarth Shaw LLP on 1/29/2018

On January 23, 2018, the Consumer Financial Protection Bureau’s (“CFPB”) Acting Director, Mick Mulvaney, issued a mission statement to the CFPB redirecting the agency’s mission and focus. Mulvaney emphasized that the law...more