Popular, New Legislation, Financial Institutions

Hot Topics in International Trade - August 2025 - GENIUS Act Establishes Legal Framework for Payment Stablecoins

Braumiller Law Group, PLLC on 8/4/2025

The President signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025’or ‘‘GENIUS Act of 2025’” (the Act) on July 18, 2025. The new law establishes a basis for regulators to permit a...more

Rhode Island Enacts New Financial Institutions Cybersecurity Law With Immediate Effect

Cooley LLP on 7/31/2025

As the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) scale back rulemaking and enforcement, states are advancing more prescriptive cybersecurity standards for financial institutions, including...more

The GENIUS Act is Signed into Law: What Banks Need to Know about Payment Stablecoins

Nutter McClennen & Fish LLP on 7/21/2025

On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), after it passed both the U.S. Senate by a vote of 68-30 and the U.S. House in a...more

US Stablecoin Market Hits Milestone: Regulation and IPO

Barnea Jaffa Lande & Co. on 7/15/2025

The stablecoin market has reached a regulatory and business milestone. Two significant actions took place in the United States in recent weeks that signal progress toward the institutionalization of the stablecoin market: the...more

Senate Passes GENIUS Act: Landmark Federal Stablecoin Bill Advances to House

Katten Muchin Rosenman LLP on 6/23/2025

The US Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by a vote of 68-30, a significant development for cryptocurrency regulation in the United States. This passage...more

Strong Borders Act: A Landmark Shift in Canada’s AML Penalties

Blake, Cassels & Graydon LLP on 6/6/2025

On June 3, 2025, Canada’s new federal government introduced Bill C-2 (Bill), the Strong Borders Act, for first reading in the House of Commons. The Bill includes significant amendments to Canada’s anti-money laundering...more

China Monthly Data Protection Update: May 2025

Dacheng on 5/29/2025

This monthly report outlines key developments in China’s data protection sector for May. The following events merit special attention...more

Canadian Government (Finally) Provides Certainty on Criminal Interest Rates

Bennett Jones LLP on 7/16/2024

As we have reported in prior blogs, the Government of Canada is moving forward with plans to lower the criminal interest rate to an annual percentage rate (APR) of 35 percent (the current criminal interest rate, being an...more

U.S. Congress Mandates Wide Range Of Sanctions In Ukraine, Israel, And Taiwan Aid Bill

K2 Integrity on 5/14/2024

On 24 April 2024, President Biden signed into law H.R. 815, “Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2024, and for Other Purposes” (the Act). The long-awaited piece of legislation...more

Kansas Becomes Fourth State to Enact Earned Wage Access Legislation

Troutman Pepper Locke on 4/26/2024

On April 19, Kansas Governor Laura Kelly signed House Bill (HB) 2560 to regulate earned wage access (EWA) products and services. HB 2560 enacts the Earned Wage Access Services Act that requires EWA providers to be licensed by...more

Democrat Governor Tony Evers Signs Third Earned Wage Access Bill

Payactiv on 4/5/2024

On March 21, Wisconsin Democrat Governor Tony Evers signed into law the country’s third earned wage access (EWA) bill, which recognizes EWA as a new and innovative financial service by creating a distinct license and...more

Nevada Passes Legislation Creating Licensing Requirements for Earned Wage Access Providers

Littler on 7/5/2023

On June 15, 2023, Nevada Governor Joe Lombardo signed SB 290, which requires early wage access (EWA) providers to obtain a license from the Commissioner of Financial Institutions. This is the first EWA law enacted by any...more

CLIMB Act Introduced in Congress

Perkins Coie on 6/30/2022

Late last week, a bi-partisan pair of federal lawmakers introduced a new bill to expand cannabis companies’ access to financial resources and opportunities. Introduced by Reps. Troy Carter (D-La.) and Guy Reschenthaler...more

Blockchain Week in Review - July 2018 #3

Perkins Coie on 8/8/2018

U.S. Developments - Regulatory Updates - New York Stock Exchange Owner to Offer New Ways to Invest in Digital Assets - On August 3, the Intercontinental Exchange, the parent company of the New York Stock Exchange,...more

Privacy and Cybersecurity Developments in Latin America

Jones Day on 6/25/2018

The Situation: Latin American governments, business leaders, and legal advisors continue to address privacy and cybersecurity concerns. The Result: The development and implementation of privacy-focused regulations is a...more

Opening a Bank Account with a Smartphone—Dodd-Frank Roll-Back Making Online Banking Easier

Robinson+Cole Data Privacy + Security Insider on 6/5/2018

President Trump recently signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act, which is already making waves in the financial sector for its repeal of certain Dodd-Frank provisions that were...more

President Trump signs banking bill providing Dodd-Frank relief

Ballard Spahr LLP on 5/25/2018

Thursday afternoon, President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) into law. The Act was passed by the House on Tuesday by a vote of 258 to 159 and by the Senate on March...more

Insurtech Companies Not Invited to Play in Arizona’s Fintech Sandbox

Akin Gump Strauss Hauer & Feld LLP on 4/20/2018

Last month Arizona became the first U.S. state to enact a law (H.B. 2434) establishing a fintech regulatory sandbox program to facilitate the growth of innovative financial products and services. The Arizona law charges the...more

Delaware Encourages Blockchain Technology Through Legal and Technological Innovations

Troutman Pepper Locke on 8/3/2017

On July 21, Delaware governor John C. Carney Jr. signed into law a series of amendments to the Delaware General Corporation Law (DGCL) that will allow companies to keep shareholder information on blockchain technology-based...more

New Hampshire Exempts Bitcoin from Money Transmitter Regulation

Sheppard Mullin Richter & Hampton LLP on 6/15/2017

The pro-bitcoin legislation trend continues. This month New Hampshire passed legislation that exempts persons using virtual currency from registering as money transmitters. Specifically, the law amends existing RSA 399-G,...more

New Nevada Law Recognizes Enforceability of Blockchain Transactions; Blocks Local Government Regulation and Taxation

Robinson+Cole Data Privacy + Security Insider on 6/13/2017

Senate Bill 398, unanimously passed by the Nevada legislature and signed into law by the Governor on June 5th, represents the most far-reaching state legislation to date concerning the use of blockchain technology. Blockchain...more

Blockchain Week in Review – April 2017 #3

Perkins Coie on 5/5/2017

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

A Kickstart to Business: Florida Joins Other States in Passing Intrastate Crowdfunding Exemption

Carlton Fields on 7/23/2015

The local charitable campaign that raised funds for new team uniforms is moving to the boardroom as Florida joins more than 20 other states that have passed legislation or enacted regulations permitting some form of...more

Bill C-13: Cyberbullying Bill Introduces New Lawful Access Measures

Blake, Cassels & Graydon LLP on 1/26/2015

On December 9, 2014, Bill C-13, An Act to amend the Criminal Code, the Canada Evidence Act, the Competition Act and the Mutual Legal Assistance in Criminal Matters Act, also known as the Protecting Canadians from Online Crime...more

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