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Small Business Today's Popular Updates Banking Sector

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Abolishes Payment Systems Regulator

On 11 March 2025, the UK government announced its decision to abolish the Payment Systems Regulator (PSR) as part of a broader initiative to reduce regulatory burdens and stimulate economic growth. This action is intended to...more

Nutter McClennen & Fish LLP

Nutter Bank Report: January 2024

OCC Requests Public Comments on Proposed Bank Merger Policy Statement and Rules The OCC has proposed a new policy to increase the transparency of the standards that the agency applies to review business combinations involving...more

Ballard Spahr LLP

House member launches fintech lending investigation

Ballard Spahr LLP on

Congressman Emanuel Cleaver, II announced last week that he had launched an investigation into small business financial technology (fintech) lending by sending a letter to the CEOs of several fintech small business lenders. ...more

Holland & Knight LLP

CFPB Outlines Long-Awaited Debt Collection Reforms

Holland & Knight LLP on

The Consumer Financial Protection Bureau (CFPB) released on July 28 new proposals designed to "overhaul" the practices of the debt collection industry. The proposals include sweeping changes to existing regulations, including...more

Robinson+Cole Data Privacy + Security Insider

Wells Fargo Unveils Plan to Better Protect Small Business Customer Account Information

On June 7, Wells Fargo announced a partnership with software firm, Xero, that is intended to allow small businesses to share bank information without sharing their bank passwords with third parties, such as Quicken, who...more

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