Popular, Corporate Counsel, Financial Services Industry

AI Law Center: August 2025 Updates

Orrick, Herrington & Sutcliffe LLP on 8/18/2025

In this month's update: AI Regulatory Landscape: Three Things To Know How will Trump’s “AI Action Plan” and Executive Orders impact U.S. tech and federal procurement? Which companies are subject to “general-purpose” AI...more

CFPB Changes Approach to Guidance

Brownstein Hyatt Farber Schreck on 5/14/2025

On May 12, 2025, the Consumer Financial Protection Bureau (CFPB) announced a sweeping withdrawal of 67 guidance documents issued since the CFPB’s inception, signaling a marked shift in its regulatory approach. This move...more

UK regulators give update on timing of ESG regulatory initiatives

Hogan Lovells on 4/17/2025

A new edition of the Regulatory Initiatives Grid, which sets out details of current and planned regulatory initiatives for all the regulators affecting the financial services sector, has been published. It includes details of...more

New Congress, More Scrutiny? Preparing for Congressional Oversight and Investigations

Pillsbury Winthrop Shaw Pittman LLP on 1/3/2025

With unified Republican control and President-elect Trump in the White House, the new 119th Congress is certain to launch a wave of oversight activities. Organizations should prepare now for a high-stakes and unpredictable...more

UK Regulators Publish Approaches to AI Regulation in Financial Services

Skadden, Arps, Slate, Meagher & Flom LLP on 5/3/2024

On 22 April 2024, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England published their strategic approaches to regulating AI in response to the UK government’s July 2022 AI...more

4 Major Implications of Cannabis Moving to Schedule III

Vicente LLP on 5/1/2024

After 50 years of being on the most restrictive schedule alongside drugs like heroin and PCP, the DEA will move to reschedule marijuana in Schedule III, where the plant’s medical benefits will finally be recognized by the...more

Swiss Finance Company to Pay Almost $4 Million for Sanctions Violations

Bass, Berry & Sims PLC on 3/20/2024

On March 14, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) announced that EFG International AG (EFG), a Switzerland-based bank, had agreed to pay roughly $3.74 million to settle allegations that it had...more

The ESG Investing Debate: 2023 Year-end Updates

Morgan Lewis on 1/15/2024

Environmental, social, and governance (ESG) investing has been subject to increased US state and federal regulation over the last several years, and 2023 continued that status quo. As of January 1, 2024, 20 states have...more

Regulators and reforms: how Australia tackled white collar crime in 2023 and what to expect in 2024

A&O Shearman on 1/10/2024

Regulators and enforcement authorities in Australia intensified their efforts to curb white-collar crime in 2023. They targeted fraud, money laundering, tax evasion, cybercrime, and corruption across multiple industries,...more

SPAC Litigation Mid-Year Update: Delaware Opens the Gates

Woodruff Sawyer on 6/23/2023

With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get...more

New York Legislature and Enforcement Agencies Remain Active on the Data Privacy and Security Fronts

Jackson Lewis P.C. on 6/8/2023

At the start of 2023, the New York State legislature introduced several privacy-related bills. One of those bills, S365, appears to be gaining momentum. It was reported and committed to the Internet and Technology Committee...more

FRB, FDIC Deliver Reports and Take Some Blame on Silicon Valley Bank and Signature Bank Failures; More Regulation Ahead

K&L Gates LLP on 5/3/2023

On Friday 28 April 2023, the Board of Governors of the Federal Reserve System (the FRB) and the Federal Deposit Insurance Corporation (the FDIC) each released a report regarding a recent bank failure. The FRB report covered...more

2023 M&A Outlook: Recapping Key Takeaways from Dealmaking in 2022 and Navigating New Challenges

King & Spalding on 1/12/2023

Coming off record-setting levels in 2021, M&A deal activity cooled in the second half of 2022. A multitude of factors – including soaring inflation, steadily rising interest rates and the higher cost of financing,...more

EU Corporate Sustainability reporting: impact on non-EU entities

Hogan Lovells on 11/28/2022

The EU Corporate Sustainability Reporting Directive, recently adopted by the European Parliament, introduces more detailed sustainability reporting obligations for certain categories of undertakings. Third country entities...more

Managing cyber security risks: key learnings from Australia’s first test case

A&O Shearman on 7/6/2022

For the first time in Australia, a court has held in an action brought by Australia’s financial services regulator, ASIC, that the failure by a company to have adequate risk management systems in place to manage cybersecurity...more

Consumer Financial Protection Bureau Alleges Dark Patterns in Advertising of Financial Products; Files Suit Against TransUnion and...

Wilson Sonsini Goodrich & Rosati on 4/27/2022

On April 12, 2022, the U.S. Consumer Financial Protection Bureau (CFPB) filed a lawsuit against TransUnion, two of its subsidiaries, and former TransUnion executive John Danaher in his individual capacity for violating an...more

Top 10 International Anti-Corruption Developments for February 2022

Morrison & Foerster LLP on 3/24/2022

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption developments from the past month, with links to...more

Update: Russia Adopts Special Decree on Countermeasures

Morgan Lewis on 3/1/2022

President Vladimir Putin issued a decree, “On Special Economic Measures in connection with the Unfriendly Actions of the United States of America and Other Foreign Countries” (Decree), on 28 February. This is the first decree...more

NYDFS Issues Ransomware Guidance Aimed At Combatting Rising Cyber Threats

Goodwin on 7/28/2021

The exponential rise in ransomware attacks in the past year has everyone on high alert, not least of which are regulators. Following on the heels of a June 2, 2021 White House memo addressing ransomware prevention, on June...more

Eleventh Circuit Reverses Summary Judgment in Favor of Experian in FCRA Claim

Womble Bond Dickinson on 5/26/2021

The Eleventh Circuit Court of Appeals recently reversed summary judgment entered in favor of Experian Information Solutions, Inc. (“Experian”) in a Fair Credit Reporting Act claim brought by Henry Losch (“Losch”) finding not...more

New York State Department of Financial Services Announces Two Cybersecurity Settlements

Bond Schoeneck & King PLLC on 5/13/2021

The Cybersecurity Division of the New York State Department of Financial Services (DFS) continues to ramp up enforcement of the Cybersecurity Regulation. In two recent settlements, DFS has begun to offer insight into how it...more

The Hunstein Effect – Examining the Eleventh Circuit’s Ruling and What’s Next for Debt Collectors and Their Third-Party Service...

Blank Rome LLP on 4/27/2021

The U.S. Court of Appeals for the Eleventh Circuit has delivered a novel and highly consequential interpretation of the Fair Debt Collection Practices Act that is potentially transformative for debt collectors and their...more

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