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Transparency Financial Services Industry

Thomas Fox - Compliance Evangelist

Daily Compliance News: July 22, 2025, The I-9 Hell Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance...more

Morgan Lewis

Kazakhstan Introduces Unified Register of State Support Measures for Private Entrepreneurship

Morgan Lewis on

The Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan recently adopted Order No. 55, which came into force on 6 July 2025. The order approves the Register of State Support Measures, which...more

Foley & Lardner LLP

Colorado Medicaid: RAC Program Overhauled with Enhanced Transparency, Greater Provider Protections, and Increased Oversight

Foley & Lardner LLP on

In June 2025, Colorado passed a new law that makes significant changes to the state’s Medicaid Recovery Audit Contractor (RAC) program. Colorado has one of the most aggressive RAC programs in the country that has been rife...more

A&O Shearman

EC adopts amendments to transparency requirements under MiFIR Review

A&O Shearman on

The European Commission has adopted a Commission Delegated Regulation to amend regulatory technical standards (RTS) on transparency requirements. The MiFIR Review revised the Markets in Financial Instruments Regulation...more

Bond Schoeneck & King PLLC

The EU AI Act: What U.S. Companies Need to Know

The European Union's (“EU”) Artificial Intelligence Act (the “AI Act” or “Act”), enacted in Aug. 2024, is the first comprehensive legal framework governing artificial intelligence having global reach. The Act aims to ensure...more

A&O Shearman

FCA findings on international payment pricing transparency

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The UK Financial Conduct Authority (FCA) has published examples of good and poor practices following its review into international payment pricing transparency. Under the consumer duty, in line with the FCA's Handbook (PRIN...more

Conyers

Beneficial Ownership Update

Conyers on

The Beneficial Ownership Transparency (Access Restriction) Regulations, 2024 (the “Access Restriction Regulations”) commenced on 28 February 2025 and will supplement the Beneficial Ownership regime in the Cayman Islands. The...more

A&O Shearman

FSB letter to G20 finance ministers and central bank governors ahead of meeting

A&O Shearman on

The Financial Action Task Force (FATF) has published a second consultation on payment transparency, and in particular proposed revisions to recommendation 16 (R.16). The revisions adapt the FATF Standards to the changes in...more

A&O Shearman

Wolfsberg Group guidance supplementing payment transparency standards

A&O Shearman on

The Wolfsberg Group has published guidance on payment transparency roles and responsibilities to supplement the Wolfsberg Group Payment Transparency Standards. The guidance discusses roles played by key actors in a payment...more

A&O Shearman

UK FCA webpage on transparency waivers and deferrals updated

A&O Shearman on

The UK Financial Conduct Authority (FCA) has updated its webpage on transparency waivers and deferrals in light of the upcoming changes to the UK MiFIR transparency regime for bond and derivatives markets. The FCA added a...more

Hogan Lovells

Italy sets out the legal framework for compulsory Nat Cat insurance

Hogan Lovells on

The long-awaited Ministerial Decree regulating catastrophic risk insurance schemes implementing the related provisions under the 2024 Italian Budget Law has been recently published in the Italian official Gazette. Companies...more

Hogan Lovells

UK FCA “naming and shaming” proposals: the House of Lords steps in.

Hogan Lovells on

The House of Lords Financial Services Regulation Committee (“FSRC”) has published a report on the Financial Conduct Authority’s (“FCA”) proposals to change its approach to announcing enforcement investigations, from...more

Mayer Brown

Reminder: Atualização das Regras para Assembleias Gerais – Resolução CVM N.º 204

Mayer Brown on

Em continuidade ao Alerta divulgado em 5 de junho de 2024, lembramos que as novas regras de participação e votação a distância em assembleias de acionistas, introduzidas pela Resolução CVM 204, que altera a Resolução CVM 81,...more

A&O Shearman

Global Foreign Exchange Committee publishes amended FX Global Code of Conduct

A&O Shearman on

The Global Foreign Exchange Committee (GFXC) has published the updated version of the FX Global Code of Conduct (dated December 2024), which supersedes the previous version (from July 2021). Updates have been made to...more

Clark Hill PLC

CFPB Approves FDX Application With Conditions to Foster Transparency and Open Banking

Clark Hill PLC on

The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange’s (FDX) application to serve as a standard-setting body under the final rule for Personal Financial Data Rights, (“open banking”)...more

Troutman Pepper Locke

The CFPB Issues Revised Sandbox and No-Action Letter Policies

Troutman Pepper Locke on

Earlier this month, the Consumer Financial Protection Bureau (CFPB or Bureau) issued new policy statements regarding its Compliance Assistance Sandbox (CAS) and No-Action Letters (NAL) programs. ...more

Katten Muchin Rosenman LLP

FCA Consults on Second Phase of Enforcement Investigation Proposals

Following the UK Financial Conduct Authority (FCA)’s February 2024 consultation on changes to its Enforcement Guide and publicising enforcement investigations (CP 24/2) (First Consultation), the FCA has issued a further...more

McDermott Will & Emery

New Requirements for Illinois Dental Practices Using Third-Party Financing

McDermott Will & Emery on

Third-party financing services are frequently used by patients to finance out-of-pocket dental expenses. Effective January 1, 2025, dental practices in Illinois are prohibited from facilitating or assisting with patient...more

Holland & Knight LLP

Hidden Fees in the Live-Event Ticketing and Short-Term Lodging Industries

Holland & Knight LLP on

In this episode of his "Clearly Conspicuous" podcast series, "Hidden Fees in the Live-Event Ticketing and Short-Term Lodging Industries," consumer protection attorney Anthony DiResta discusses the Federal Trade Commission's...more

Goodwin

CFPB Increases Oversight of Credit Card Practices

Goodwin on

In December 2024, the Consumer Financial Protection Bureau (Bureau) rolled out a series of important measures aimed at addressing potential misconduct in the credit card industry, improving consumer protections, and promoting...more

Proskauer - Regulatory & Compliance

Clock starts for EU ESG Ratings Regulation

On 12 December 2024, the EU Regulation on ESG Ratings Providers and their transparency and integrity was published in the Official Journal of the European Union (the “Regulation”). It means that the Regulation will enter...more

King & Spalding

The Trifecta: What to Expect from a Second Trump Administration and a Republican Congress

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Republicans have swept the 2024 elections, returning Donald Trump to the White House as the 47th President and flipping the Senate to a Republican majority. Having narrowly maintained control of the House of Representatives,...more

Hogan Lovells

UK: Part two in the FCA’s quest for transparency

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Late last month the UK Financial Conduct Authority (FCA) published consultation paper CP24/2 Part 2, through which it is seeking views on “significant” changes to its proposals to announce the opening of an enforcement...more

Ankura

Navigating the Future: The Evolution of NMLS

Ankura on

In the dynamic landscape of financial services, the Nationwide Multistate Licensing System (NMLS) has emerged as a cornerstone for regulation and compliance. Serving as an online platform, NMLS facilitates the state license...more

Cadwalader, Wickersham & Taft LLP

The UK Makes Changes to Post-Trade Transparency Requirements

In Policy Statement 24/14 (“PS 24/14”) the UK’s Financial Conduct Authority (“FCA”) has set out a “simpler and more timely post-trade transparency regime” for bonds and certain derivative transactions....more

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