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Rulemaking Process › Financial Services Industry › Proposed Legislation

Orrick, Herrington & Sutcliffe LLP

House Financial Services Committee introduces new bill regulating AI in financial services

Orrick, Herrington & Sutcliffe LLP on

On July 30, the U.S. House Financial Services Committee Chairman, Rep. French Hill (R-AR), announced the introduction of a new bill to promote AI in financial services: H.R. 4801 will be known as the ‘‘Unleashing AI...more

Morrison & Foerster LLP

The GENIUS Act: A New Federal Regulatory Framework for Payment Stablecoins

Morrison & Foerster LLP on

On July 18, 2025, President Trump signed into law S. 1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act” or the “Act”). The Act covers payment stablecoins[1]—a relatively new form...more

Sheppard Mullin Richter & Hampton LLP

California Increases the Pressure on Alleged “Junk Fees”: New Law Targets ATM Charges

Sheppard Mullin Richter & Hampton LLP on

The topic of “junk fees” has been in the headlines, spurred by legislative action across various sectors. From regulations on credit card late fees to the Federal TICKET Act targeting concert event fees, lawmakers are...more

Seyfarth Shaw LLP

Cosmetics, Hemp, and CBD: Legislative and Regulatory Update

Seyfarth Shaw LLP on

Seyfarth Synopsis: Through a reintroduced House bill, Congress is taking strides to push for cosmetic regulation reform and, separately, through the SAFE Act, it is seeking to establish a safe harbor for financial...more

Ballard Spahr LLP

House Financial Services Committee passes more credit reporting bills

Ballard Spahr LLP on

Three more bills dealing with credit reporting were passed on Tuesday by the House Financial Services Committee.  Like the four bills passed by the Committee last week, none of the bills passed yesterday received any...more

Ballard Spahr LLP

California bill capping consumer loan interest rates and addressing unconscionability clears Assembly

Ballard Spahr LLP on

Last week, by a vote of 60 to 4 (with 16 not voting), the California Assembly cleared AB 539, which would change several aspects of the California Financing Law (CFL), including by setting new interest rate caps, imposing new...more

Mayer Brown Free Writings + Perspectives

Disclosure Effectiveness Testing Act

Mayer Brown Free Writings + Perspectives on

The House Financial Services Committee recently passed H.R. 1815, which is the Securities and Exchange Commission Disclosure Effectiveness Testing Act. ...more

Ballard Spahr LLP

The House Financial Services Committee Releases Proposed Legislation to Codify BSA/AML Reform Initiatives

Ballard Spahr LLP on

Last week, the House Financial Services Committee released three proposed bills to codify many of the reform ideas that have arisen in an ongoing conversation among financial agencies, law enforcement, financial institutions,...more

Ballard Spahr LLP

Bill to Require Issuance of Guidance by CFPB Introduced in House

Ballard Spahr LLP on

A recent bill introduced in the US House of Representatives would require the CFPB to issue guidance on federal consumer financial laws, and also provide a framework for civil money penalties. H.R. 5534 would create the Give...more

Ballard Spahr LLP

House Financial Services Committee passes Financial Choice Act containing CFPB overhaul, significant changes to rulemaking...

Ballard Spahr LLP on

Last Thursday, by a party-line vote of 34-26, the House Financial Services Committee approved the Financial CHOICE Act (H.R. 10) proposed by Committee Chairman Jeb Hensarling....more

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