News & Analysis as of

Regulatory Agenda Trump Administration Financial Services Industry

Jones Day

With New Action Plan, White House Launches AI "Space Race"—What Banks Should Know

Jones Day on

The White House has issued an AI Action Plan that aims to position the United States as the leader in artificial intelligence ("AI"), as part of a broader pattern of boosting innovation and reducing regulatory burden, with...more

Ballard Spahr LLP

Appeals court puts reinstatement of two Democratic members of NCUA board on hold

Ballard Spahr LLP on

The reinstatement of two Democratic NCUA board members has been put on hold by the U.S. Circuit Court of Appeals for the District of Columbia....more

Skadden, Arps, Slate, Meagher & Flom LLP

US Establishes First Federal Regulatory Framework for Stablecoins: The GENIUS Act Passes Congress and Awaits President Trump’s...

- What is new: The U.S. Congress has passed the GENIUS Act, establishing the first federal regulatory framework for payment stablecoins, addressing consumer protection, financial stability and AML compliance. - Why it...more

Ballard Spahr LLP

Jonathan Gould confirmed as Comptroller of the Currency

Ballard Spahr LLP on

The Senate has confirmed Jonathan Gould as Comptroller of the Currency. Gould, who served as Senior Deputy Comptroller and Chief Counsel at the OCC during President Trump’s first term, was confirmed 50-45. Every Democrat...more

Ballard Spahr LLP

NYC Comptroller calls for strengthening city, state consumer protection laws, regulations

Ballard Spahr LLP on

Accusing the Trump Administration of “dismantling” the CFPB, New York City Comptroller Brad Lander is calling on city and state officials to fill the void by strengthening consumer protection laws and rules in the city and...more

Ballard Spahr LLP

Senate Banking Republican reconciliation bill would eliminate CFPB funding source

Ballard Spahr LLP on

The Senate Banking, Housing and Affairs Committee (Banking Committee) would eliminate the CFPB’s current funding source, as part of Committee’s Republican version of its part of the massive budget reconciliation bill,...more

DLA Piper

Horizon - ESG Regulatory News and Trends - June 2025

DLA Piper on

EPA announces details of its reorganization. On May 2, the EPA announced a major reorganization that will eliminate several key offices, including the Office of Atmospheric Protection (OAP), Office of Air Quality Planning and...more

Troutman Pepper Locke

The Big Beautiful Bill and the Effects on Bank Lending Into the US

Troutman Pepper Locke on

Every year, foreign lenders make thousands of loans to U.S. entities. The U.S. withholding tax on the related interest payments has been generally stable since 1984. The general rule is that interest paid under these loans...more

Ballard Spahr LLP

DOJ lawyers, National Treasury Employees Union attorney square off in appeals court over CFPB firings

Ballard Spahr LLP on

Despite massive attempted layoffs and cancellation of third-party vendor contracts, the Trump Administration did not and does not intend to shut down the CFPB, a Justice Department attorney told a federal appeals court on...more

Orrick, Herrington & Sutcliffe LLP

McKernan reportedly out at CFPB as he’s announced for Treasury role

On May 9, Treasury Secretary Scott Bessent announced President Trump’s intent to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance at the Department of the Treasury. As previously covered by...more

Goodwin

Shifting Priorities: Bureau Memorandum Provides Insight into New Era for CFPB

Goodwin on

The first 100 days of the Trump administration have included dramatic changes at the Consumer Financial Protection Bureau. The agency has retreated from many of its enforcement litigations, initiated reductions in force...more

Ballard Spahr LLP

Trump Administration appeals ruling that blocked CFPB firings

Ballard Spahr LLP on

The Trump Administration has appealed an order by a federal District Court Judge blocking the CFPB from firing 1483 employees effective in June 2025 and cutting off their access to CFPB work systems on April 18, 2025....more

Ballard Spahr LLP

Republicans ask federal banking agencies to withdraw rules, guidance

Ballard Spahr LLP on

Republicans on the House Financial Services Committee have sent letters to financial regulators asking them to rescind a variety of measures the regulators issued during the Biden Administration....more

Ballard Spahr LLP

House sends Trump resolution to nullify CFPB overdraft rule

Ballard Spahr LLP on

The resolution to nullify the CFPB’s overdraft rule now is in President Trump’s hands....more

Wiley Rein LLP

[Podcast] Welcome to CryptoCounsel 2.0!

Wiley Rein LLP on

Welcome to CryptoCounsel 2.0! Frank is back, and he's brought some new friends into the fold. Meet Lauren Lerman, a regulatory lawyer who advises telecommunications and emerging technology clients, including in the AI and...more

Ballard Spahr LLP

House Subcommittee to hold Wednesday hearing on role of CFPB

Ballard Spahr LLP on

The House Financial Services Committee’s Financial Institutions Subcommittee will hold a hearing on Wednesday, March 26, to discuss possible changes to the structure and responsibilities of the CFPB....more

Cadwalader, Wickersham & Taft LLP

Amid Chaos, Regulatory Change Continues Apace, March 2025 - The CFPB Is Dead, Long Live the CFPB

In the two weeks since our last update on what is happening with the Consumer Financial Protection Bureau ("CFPB"), the Trump administration has continued to take actions that make it seem as though they are intending to wind...more

Ballard Spahr LLP

House Committee adopts resolution to nullify CFPB overdraft rule

Ballard Spahr LLP on

The House Financial Services Committee on March 5 took the first step toward repealing the CFPB’s overdraft rule, adopting a resolution under the Congressional Review Act. ...more

Baker Donelson

[Webinar] Financial Services Regulation and Legislation in the Trump 47 Administration - March 6th, 10:00 am - 11:00 am CT

Baker Donelson on

This session will provide insights for financial services entities regarding: (1) interpretation of the impact of the recent Executive Orders and early actions of the appointees; (2) status on key appointees and their Day 1...more

Orrick, Herrington & Sutcliffe LLP

CFPB nominee McKernan testifies at nomination hearing

On February 27, Jonathan McKernan, President Trump’s nominee for Director of the CFPB, testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Mr. McKernan stated in his prepared remarks that the...more

Ballard Spahr LLP

CFPB Nominee McKernan: Bureau will continue its work

Ballard Spahr LLP on

Jonathan McKernan, President Trump’s nominee to head the CFPB, pledged that the agency would “implement and enforce the federal consumer financial laws and perform each of its other statutorily assigned functions.”...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – February 2025 # 4

Troutman Pepper Locke on

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

Cadwalader, Wickersham & Taft LLP

President Trump Sends Three Financial Regulatory Nominations to the Senate

On February 12th, the White House announced numerous nominations to be sent to the Senate. The large list of nominations included three nominations for financial regulators. President Trump is nominating, Jonathan Gould to be...more

Ballard Spahr LLP

City of Baltimore and National Treasury Employees Union file separate suits to keep the CFPB funded and operating

Ballard Spahr LLP on

Accusing the CFPB of planning to use its funding mechanism to abolish the agency, the mayor and the city council of Baltimore (the “City of Baltimore”) and the Economic Action Maryland Fund (the “Economic Fund”), a nonprofit...more

Vedder Price

Treasury Secretary Bessent Taps Rodney E. Hood to Lead the OCC

Vedder Price on

On February 10, 2025, Rodney E. Hood, the former Chairman of the National Credit Union Administration (“NCUA”), assumed the role of First Deputy Comptroller at the Office of the Comptroller of the Currency (the “OCC”). By...more

71 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide