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Proskauer Rose LLP

Safeguarding Reforms in the UK and EU – Preparing for Change

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The FCA has completed a major review of safeguarding for payment and e-money institutions. Its new rules are designed to reduce the risks seen in recent failures – where customers faced long delays and, on average, recovered...more

Blake, Cassels & Graydon LLP

Système de paiement en temps réel : Paiements Canada publie un guide à l’intention des fournisseurs de services de paiement

Le 21 août 2025, Paiements Canada a publié un guide intitulé Système de paiement en temps réel – Guide de participation pour les fournisseurs de services de paiement (le « guide »), lequel apporte des précisions sur le...more

Hogan Lovells

PSD3 Impacts - September 2025

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1. Introduction - Given the sea change of PSD2, one might expect the prospect of the proposed PSD3 and PSR to have PSPs groaning at the thought of yet more root and branch reg change projects. However, whilst the proposals...more

Troutman Pepper Locke

Louisiana Becomes Latest State to Pass EWA Legislation

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Louisiana has enacted a new Earned Wage Access (EWA) law, effective August 1, 2025. Sponsored by Representative Vinney St. Blanc, HB 368 introduces a comprehensive compliance framework for EWA providers, marking a pivotal...more

A&O Shearman

Regulatory Monitoring - August 2025

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Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language. BMF: Draft bill for the Banking Directive Implementation and Bureaucracy Relief Act...more

Davis Wright Tremaine LLP

FDIC Proposes Overhaul of Branch Application Rules

The Federal Deposit Insurance Corporation (FDIC) has proposed significant revisions to its application procedures for banks seeking to establish a branch or relocate a main office or branch, marking a major shift in...more

Phelps Dunbar

Is the GENIUS Act Smart for Community Banks?

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The GENIUS Act, passed in July, is the first comprehensive federal framework for payment stablecoins in the United States. On the surface, it promises clarity and an opportunity for community banks to participate in the...more

Holland & Knight LLP

Finanzas abiertas en Colombia: SFC amplía el plazo para que entidades cumplan con estándares

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La Superintendencia Financiera de Colombia (SFC), publicó el 6 de agosto de 2025, la Circular Externa 009 de 2025 por medio de la cual se amplía el plazo que inicialmente se había otorgado a las entidades sometidas a la...more

Blake, Cassels & Graydon LLP

Payments Canada Publishes RTR Participation Guide for Payment Service Providers

On August 21, 2025, Payments Canada published its RTR Participation Guide for Payment Service Providers (Guide), clarifying how payment service providers (PSPs) can become participants in Canada’s new real-time payments...more

Orrick, Herrington & Sutcliffe LLP

Fed withdraws its notice on supervising “novel activities”

On August 15, the Fed announced it withdrew its bank supervision program related to the Fed’s initiatives on “novel activities.” The Fed will return to monitoring banks’ novel activities through the normal supervisory...more

Ankura

Crafting Effective Public Comments: How and Why You Should Participate in the Rulemaking Process

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When regulators propose a new rule, financial institutions can often find themselves pushed into a reactionary position, left to deal with consequences that rule makers may not have foreseen. Once a rule hits the books, legal...more

Mayer Brown

The New Face of Finance Companies: What Changes with CMN Resolution No. 5,237/2025

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In one of the most relevant regulatory developments in years, the Brazilian National Monetary Council (“CMN”) issued Resolution No. 5,237, dated July 24, 2025 (“CMN Resolution 5,237/25”), establishing a new regulatory...more

Katten Muchin Rosenman LLP

Tokenization of Real-World Assets: Opportunities, Challenges and the Path Ahead

Digital assets are no longer just the playground of fintech startups. Mainstream financial institutions now offer token-friendly custody and settlement, global exchanges are piloting digital-asset divisions, and traditional...more

Bradley Arant Boult Cummings LLP

How Banks Can Harness New Customer ID Rule's Flexibility

Financial institutions across the U.S. have grappled with compliance requirements under the Customer Identification Program, or CIP, rule for more than two decades. On June 27, the Federal Deposit Insurance Corp., the...more

Braumiller Law Group, PLLC

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

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

Mayer Brown

US FDIC Requests Comment on Industrial Loan Company Framework

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On July 15, 2025, the Federal Deposit Insurance Corporation (“FDIC”) requested comment on its framework for reviewing applications for deposit insurance from industrial loan companies and industrial banks (collectively,...more

Vedder Price

The GENIUS Act: Stablecoin Regulation Enters the Federal Framework

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On July 18, 2025, President Trump signed the Guaranteed Essential National Infrastructure for U.S. Act (the “GENIUS Act”) into law, marking the first comprehensive U.S. federal regulatory framework for payment stablecoins. ...more

Davis Wright Tremaine LLP

FDIC Rethinks Industrial Banks—Again

Industrial banks or industrial loan companies (ILCs)—FDIC-insured banks chartered by certain states, notably Utah—have long been a niche component of the U.S. financial system. These institutions may be owned by commercial...more

Orrick, Herrington & Sutcliffe LLP

Stablecoin Framework Signed into Law

On July 18, 2025, the President signed the GENIUS Act into law, setting clear rules for who can issue payment stablecoins in the U.S. Only permitted issuers and registered foreign issuers are allowed, and they must follow...more

Patomak Global Partners

American Bankers Association Conference Focused on AI

In June 2025, the ABA held its annual Risk and Compliance Conference. The conference heavily focused on how banks are leveraging AI to support front-, middle-, and back-office functions. Conference participants noted that...more

Wiley Rein LLP

Building a Digital Asset Regulatory Framework: The GENIUS Act and Next Steps

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On July 18, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the GENIUS Act) establishing a regulatory framework for digital assets classified as payment...more

A&O Shearman

Bank of England's FPC publishes July financial stability report

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The Bank of England's Financial Policy Committee (FPC) has published its July financial stability report alongside the record of its 27 June meeting. After assessing the risks to the UK financial system, the FPC reports that...more

Loeb & Loeb LLP

Trends in Crypto Policy and Compliance

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In this Q&A, senior counsel Melissa Hall explores the evolving regulatory landscape of cryptocurrency and its intersection with traditional finance. The discussion offers valuable insight into how the industry has shifted...more

Venable LLP

Congress Passes The GENIUS Act: Key Impacts for the Payments Industry and Financial Institutions

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In a major step toward establishing regulatory clarity for digital assets, the House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on Thursday, July 17, alongside...more

Orrick, Herrington & Sutcliffe LLP

CFTC Commissioner discusses AI uses in financial services

On July 14, the Commissioner of the CFTC, Kristin Johnson, spoke at an international regulators roundtable to discuss AI in the financial services sector and emerging cyber risks. The Commissioner’s speech highlighted AI’s...more

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