News & Analysis as of July 30, 2025

Small Business Administration › Office of the Comptroller of the Currency

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Nutter Bank Report: April 2025

Nutter McClennen & Fish LLP on 4/28/2025

The Federal Reserve has announced multiple decisions to rescind existing requirements for crypto-asset activities. The April 24 announcement included the rescission of a 2022 supervisory letter that required state member...more

Daily Financial Regulation Update -- Monday March 31, 2025

Paul Hastings LLP on 4/1/2025

March 28, 2025 - The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities...more

Daily Financial Regulation Update -- Monday March 24, 2025

Paul Hastings LLP on 3/24/2025

March 21, 2025 - The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule striking the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under...more

Daily Financial Regulation Update -- Monday January 13, 2025

Paul Hastings LLP on 1/14/2025

January 10, 2025 - The Consumer Financial Protection Bureau announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered...more

Daily Financial Regulation Update -- Tuesday December 24

Paul Hastings LLP on 12/26/2024

December 23, 2024- In view of the evolving legal landscape, the Board of Governors of the Federal Reserve System announced it will soon seek public comment on significant changes to improve the transparency of its bank...more

Daily Financial Regulation Update -- Friday August 16

Paul Hastings LLP on 8/19/2024

August 15, 2024- The U.S. Department of the Treasury updated the CFIUS website to share more details and guidance with the public and the investing community about how CFIUS approaches compliance and enforcement, as well...more

Daily Financial Regulation Update -- Friday August 2, 2024

Paul Hastings LLP on 8/5/2024

August 1, 2024- The European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, which was designed to ensure that AI developed and used in the EU is trustworthy,...more

Daily Financial Regulation Update -- Friday June 7, 2024

Paul Hastings LLP on 6/10/2024

June 6, 2024- The U.S. Department of the Treasury released a request for information on the Uses, Opportunities, and Risks of Artificial Intelligence (AI) in the Financial Services Sector....more

Daily Financial Regulation Update -- Wednesday, March 13, 2024

Paul Hastings LLP on 3/13/2024

March 12, 2024 - The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Examining Proposals to Address Housing Affordability, Availability, and Other Community Needs."...more

Daily Financial Regulation Update -- Tuesday, February 27, 2024

Paul Hastings LLP on 2/27/2024

February 26, 2024- The Office of Inspector General of the Federal Reserve Board published a report entitled, "Results of Security Control Testing of the Board's Projection Collection System."...more

Daily Financial Regulation Update -- Thursday, February 15, 2024

Paul Hastings LLP on 2/16/2024

February 14, 2024- The U.S. House Committee on Financial Services held a hearing entitled, "Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)." The...more

Daily Financial Regulation Update -- Thursday, November 2, 2023

Paul Hastings LLP on 11/2/2023

November 1, 2023- The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. November 1, 2023- The U.S. Department of the Treasury's Federal Insurance...more

Daily Financial Regulation Update -- Wednesday, August 30, 2023

Paul Hastings LLP on 8/30/2023

August 29, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a joint proposal that would require large banks with total assets...more

OCC allows Hawaii institutions to temporarily close, SBA offers loans

Orrick, Herrington & Sutcliffe LLP on 8/21/2023

On August 10, the OCC issued a proclamation permitting OCC-regulated institutions to close offices in areas affected by the wildfires in Hawaii. In issuing the proclamation, the OCC noted that only bank offices directly...more

Daily Financial Regulation Update -- Wednesday, June 7, 2023

Paul Hastings LLP on 6/7/2023

June 6, 2023- Federal bank regulatory agencies issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology...more

Daily Financial Regulation Update -- Thursday, April 13, 2023

Paul Hastings LLP on 4/14/2023

April 12, 2023- Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a policy address at a forum hosted by the Bipartisan Policy Center in Washington, DC on recent bank failures. Vice Chairman...more

Daily Financial Regulation Update -- Friday, December 9, 2022

Paul Hastings LLP on 12/9/2022

December 8, 2022- U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Sen. Pat Toomey (R-PA), Ranking Member of the Senate Committee on Banking, Housing, and...more

Daily Financial Regulation Update -- Tuesday, December 6, 2022

Paul Hastings LLP on 12/6/2022

December 5, 2022- Acting Comptroller of the Currency Michael J. Hsu discussed the importance of continued prudent credit risk management and diversity and inclusion, two important safety and soundness topics, at the RMA...more

Daily Financial Regulation Update -- Friday, September 16, 2022

Paul Hastings LLP on 9/16/2022

Hearing: Oversight of the U.S. Securities and Exchange Commission- September 15, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the U.S. Securities and...more

Daily Financial Regulation Update -- Wednesday, September 14, 2022

Paul Hastings LLP on 9/14/2022

September 13, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "New Consumer Financial Products and the Impacts to Workers."...more

Daily Financial Regulation Update -- Tuesday, September 13, 2022

Paul Hastings LLP on 9/13/2022

September 12, 2022- The Federal Reserve Board published a paper entitled, "The impact of risk cycles on business cycles: a historical view."...more

Daily Financial Regulation Update -- Thursday, September 8, 2022

Paul Hastings LLP on 9/8/2022

September 7, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs, hosted a listening session with consumers from around the country....more

Daily Financial Regulation Update -- Wednesday, July 13, 2022

Paul Hastings LLP on 7/13/2022

July 12, 2022- The U.S. Department of the Treasury released a notice seeking public comment regarding potential opportunities and risks presented by developments and adoption of digital assets as part of its work under...more

Promissory Notes - Banking & Finance Insights, Volume 2, Issue 3

Spilman Thomas & Battle, PLLC on 4/1/2022

US Virginia Senate Allows State Banks to Offer Crypto Custody Services - "Delegate Christopher T. Head introduced the bill back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody...more

Nutter Bank Report: February 2022

Nutter McClennen & Fish LLP on 2/28/2022

Federal Court Rejects Challenges to FDIC’s and OCC’s “Valid When Made” Rules A federal court in two separate but related cases has rejected challenges to the FDIC’s and the OCC’s respective regulations that codified the...more

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Small Business Administration › Office of the Comptroller of the Currency

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