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Paul Hastings LLP

Daily Financial Regulation Update -- Thursday March 27, 2025

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March 26, 2025 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions held a hearing entitled “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.”...more

Pillsbury Winthrop Shaw Pittman LLP

Trump 2.0: A New Era for the Regulation of Cryptocurrency and Digital Assets

President Trump campaigned on the promise to make the United States the “crypto capital” of the world. In his first days in office, he took steps to advance that goal, including by signing an executive order designed to...more

Paul Hastings LLP

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

Orrick, Herrington & Sutcliffe LLP

Financial Services Committee warns against releasing new “partisan” rules

On December 17, U.S. House Financial Services Committee leaders warned the Biden administration’s agencies to refrain from making any additional “partisan” rulemaking over the several weeks remaining before the transition to...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday December 18

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December 17, 2024- The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the incoming Chairman and current Committee Vice Chair, French Hill (AR-02), sent letters to the outgoing Biden...more

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PHFintech: Crypto Policy Tracker - December 13, 2024

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A significant headwind for companies in the digital asset space is that they have reportedly struggled to secure and maintain relationships with banks, in what is now called “Choke Point 2.0.” With the incoming Trump...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday August 21

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August 20, 2024 - Federal Reserve Board Governor Michelle W. Bowman gave remarks on the economic outlook and financial inclusion at the Alaska Bankers Association in Anchorage, Alaska. August 20, 2024- The Federal...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday August 12

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August 9, 2024 - The U.S. Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission, Commodity Futures Trading...more

Akin Gump Strauss Hauer & Feld LLP

CryptoLink - June 2024 Updates

CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday June 22, 2024

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June 21, 2024 - The Federal Deposit Insurance Corporation and Federal Reserve Board announced that following their joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks, they...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday June 14, 2024

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June 13, 2024- President Joe Biden nominated current Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero to be Chair and Member of the Federal Deposit Insurance Corporation. June 13, 2024 - ...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, April 10, 2024

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April 9, 2024- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “An Update from the Treasury Department: Countering Illicit Finance, Terrorism and Sanctions Evasion.” The Committee...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, March 22, 2024

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March 21, 2024 The Federal Deposit Insurance Corporation Board of Directors met in open session and approved a Federal Register notice seeking public comment on proposed revisions to the agency's Statement of Policy (revised...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, January 13 2024

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January 12, 2024- The Bank Policy Institute, Financial Services Forum, Securities Industry and Financial Markets Association, and U.S. Chamber of Commerce submitted a joint letter to the Board of Governors of the Federal...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, January 11 2024

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January 10, 2024- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Regulatory Whiplash: Examining the Impact of FSOC's...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, December 16 2023

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December 15, 2023- U.S. Senate Committee on Baking, Housing, and Urban Affairs Chair Senator Sherrod Brown (D-OH), along with Senators John Kennedy (R-LA), Bob Casey (D-PA), Chris Van Hollen (D-MD), Mike Braun (R-IN), and...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, December 8, 2023

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December 7, 2023- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) and Banking Committee Republicans are calling on Federal Deposit Insurance Corporation Chairman Martin...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, December 6, 2023

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December 5, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Fostering Financial Innovation: How Agencies Can Leverage...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, December 5, 2023

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December 4, 2023- U.S. Secretary of the Treasury Janet L. Yellen addressed the Climate Investment Funds Panel, "Scaling Up Just Energy Transitions to Enable Industry Decarbonization." She highlighted that the Treasury has...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, November 18, 2023

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November 16, 2023- The Federal Deposit Insurance Corporation Board of Directors approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, October 25, 2023

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October 24, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency jointly issued a final rule to modernize regulations implementing the Community Reinvestment...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, October 19, 2023

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October 18, 2023- The Federal Deposit Insurance Corporation Office of Inspector General published a report entitled, "FDIC Strategies Related to Crypto-Asset Risks" with the FDIC staff noting guidance forthcoming by...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, October 17, 2023

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October 16, 2023- The U.S. Department of the Treasury and the Cyber Security Council of the United Arab Emirates announced the finalization of a bilateral Memorandum of Understanding on Cybersecurity Cooperation during a...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, September 30, 2023

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September 29, 2023- The U.S Department of the Treasury released a report prepared in consultation with members of the Financial Literacy and Education Commission, entitled The Impact of Climate Change on American Household...more

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Daily Financial Regulation Update -- Wednesday, September 27, 2023

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September 26, 2023- U.S. Department of the Treasury Counselor for Racial Equity Janis Bowdler at the 2023 U.S. Hispanic Chamber of Commerce National Conference. September 26, 2023- Federal Reserve Board Governor...more

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