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Paul Hastings LLP

Daily Financial Regulation Update -- Friday, April 18, 2025

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April 17, 2025 - Federal Reserve Board Governor Michael S. Barr gave a speech entitled, “Deepfakes and the AI Arms Race in Bank Cybersecurity.” April 17, 2025- The Federal Reserve Bank of Boston published an article...more

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Daily Financial Regulation Update -- Tuesday, April 15, 2025

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April 11, 2025- The Credit Access and Inclusion Act was introduced to expand credit access for millions of Americans with limited or non-existent credit histories. April 14, 2025- Federal Reserve Board Governor...more

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Daily Financial Regulation Update -- Friday, April 11, 2025

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April 9, 2025- The U.S. Senate Committee on Banking, Housing and Urban Affairs passed a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft fees based upon the...more

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Daily Financial Regulation Update -- Wednesday, April 9, 2025

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April 8, 2025 - Federal Deposit Insurance Corporation Acting Chair Travis Hill gave a speech entitled “View from the FDIC: Update on Key Policy Issues” at the American Bankers Association Washington Summit....more

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Daily Financial Regulation Update -- Friday March 28, 2025

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March 27, 2025- The U.S. Senate passed a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule imposing price controls on overdraft services offered by banks and credit...more

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Daily Financial Regulation Update -- Monday March 24, 2025

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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

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Daily Financial Regulation Update -- Friday March 21, 2025

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March 20, 2025 - The Office of the Comptroller of the Currency announced that it will no longer examine national banks and federal savings associations for “reputation risk” and is purging references to “reputation risk”...more

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Daily Financial Regulation Update -- Tuesday March 18, 2025

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March 17, 2025 - Michelle W. Bowman, currently a governor on the Board of Governors of the Federal Reserve System, was nominated to serve as the vice chair of supervision....more

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Daily Financial Regulation Update -- Friday March 7, 2025

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March 6, 2025- U.S. Committee on Banking, Housing and Urban Affairs Chair Tim Scott (R-S.C.) led legislation that would eliminate the ability for federal regulators to use reputational risk as a component of supervision....more

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Daily Financial Regulation Update -- Tuesday March 4, 2025

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March 3, 2025 - The Treasury Department will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, and will not enforce any penalties...more

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Daily Financial Regulation Update -- Thursday February 27, 2025

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February 26, 2025- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor...more

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Daily Financial Regulation Update -- Monday February 24, 2025

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February 21, 2025 - United States Senator Elizabeth Warren (D-Mass.), ranking member of the Senate Banking, Housing and Urban Affairs Committee, released a statement on the FDIC inspector general’s response to her questions...more

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Daily Financial Regulation Update -- Friday February 21, 2025

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February 20, 2025- The Bank Policy Institute, American Bankers Association, Americas Focus Committee of the Association of Global Custodians, Financial Services Forum, Securities Industry and Financial Markets Association...more

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Daily Financial Regulation Update -- Wednesday February 12, 2025

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February 11, 2025- The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing entitled “The Semiannual Monetary Policy Report to the Congress.” The Committee heard testimony from the Honorable Jerome H....more

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Daily Financial Regulation Update -- Tuesday February 11, 2025

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February 10, 2025 U.S. Senator Elizabeth Warren (D-Mass.), ranking member of the Senate Banking, Housing and Urban Affairs Committee, Senator Ron Wyden (D-Ore.), ranking member of the Senate Committee on Finance, and other...more

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Daily Financial Regulation Update -- Thursday February 6, 2025

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February 5, 2025 - The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession....more

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Daily Financial Regulation Update -- Tuesday January 28, 2025

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January 27, 2025 - Securities and Exchange Commission Commissioner Hester M. Peirce gave remarks entitled “Sheep in the Steep,” before the Northwestern Securities Regulation Institute....more

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Daily Financial Regulation Update -- Monday January 27, 2025

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January 23, 2025- The Securities and Exchange Commission has rescinded the interpretive guidance included in Section FF of Topic 5 in the Staff Accounting Bulletin Series entitled "Accounting for Obligations to Safeguard...more

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Daily Financial Regulation Update -- Wednesday January 22, 2025

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January 21, 2025 - Federal Deposit Insurance Corporation Acting Chair Travis Hill issued a statement on the FDIC’s priorities in the coming weeks and months....more

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Daily Financial Regulation Update -- Wednesday January 15, 2025

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January 14, 2025- Federal Deposit Insurance Corporation Chair Martin Gruenberg gave a speech entitled “Three Financial Crises and Lessons for the Future,” at the Brookings Institution....more

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Daily Financial Regulation Update -- Friday January 10, 2025

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January 9, 2025- House Financial Services Committee Chairman French Hill (AR-02) announced the House Financial Services Committee’s Vice Chairman, Subcommittees Chairs, Vice Chair for Communications and Committee Whip for...more

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Daily Financial Regulation Update -- Monday December 23

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December 20, 2024- The Bank of England, the Financial Conduct Authority, the Prudential Regulation Authority and the Payment Systems Regulator have a Memorandum of Understanding (MoU) which sets out the high-level...more

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Daily Financial Regulation Update -- Thursday December 19

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December 18, 2024- The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. The Board of Governors of the Federal Reserve System...more

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Daily Financial Regulation Update -- Friday December 13

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December 12, 2024- The Consumer Financial Protection Bureau issued a final rule addressing overdrafts, applicable to banks and credit unions with more than $10 billion in assets. The rule was promptly challenged by...more

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Daily Financial Regulation Update -- Wednesday December 11

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December 10, 2024 - The United States Department of the Treasury is announcing the disbursement of $20 billion for the benefit of Ukraine, as part of the $50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans...more

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