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U.S. Treasury Securities and Exchange Commission (SEC) Office of the Comptroller of the Currency

Latham & Watkins LLP

The GENIUS Act of 2025 Stablecoin Legislation Adopted in the US

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On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for US Stablecoins Act (the GENIUS Act), legislation that establishes a regulatory framework for payment stablecoins. ...more

Paul Hastings LLP

GENIUS Act Clears Senate, SEC Withdraws Proposed Rules and Bitcoin Reserve Bill Introduced

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The Senate passed the GENIUS Act with bipartisan support, marking a significant step forward in advancing stablecoin legislation. Legislative action on stablecoins will now move to the House of Representatives. The House...more

Paul Hastings LLP

Banking Nominees Advance, SEC Tackles Tokenization and OCC Issues Custody Guidance

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Several significant regulatory and policy developments took place this week in Washington. The Senate banking committee advanced several key nominations, including Michelle Bowman to serve as vice chair for supervision at the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, April 17, 2025

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April 16, 2025 - The U.S. Department of the Treasury released Treasury International Capital (TIC) data for February 2025. The next release, which will report on data for March 2025, is scheduled for May 16, 2025....more

Paul Hastings LLP

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

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

Paul Hastings LLP

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 October 23

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October 22, 2024- The Consumer Financial Protection Bureau finalized the Section 1033 Open Banking rule that requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s...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

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday July 11, 2024

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July 10, 2024 - The U.S. House Committee on Financial Services held a hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report.” The Committee heard testimony from The Honorable Jerome H. Powell,...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday June 25, 2024

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June 24, 2024 - U.S. Secretary of the Treasury Janet L. Yellen gave remarks on housing policy and announcing new efforts by the Treasury Department using its existing authorities to increase the supply of housing....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 -- Friday June 7, 2024

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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

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, March 28, 2024

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March 27, 2024- The U.S. Department of the Treasury released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector. March 27, 2024 The Federal Reserve Bank of New...more

Paul Hastings LLP

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

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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

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, 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 -- Friday, July 28, 2023

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July 27, 2023- The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a proposal to increase the strength and...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday, July 3, 2023

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June 30, 2023- President Joe Biden announced new actions aimed at providing debt and supporting student loan borrowers: i) The Secretary of Education initiated a rulemaking process aimed at opening an alternative path...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, June 23, 2023

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June 22, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "The Semiannual Monetary Policy Report to the Congress." June 22, 2023- The U.S. House Committee on Financial...more

Troutman Pepper Locke

Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2023 # 2

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To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, June 15, 2023

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June 14, 2023- The Federal Open Market Committee announced that the Board of Governors of the Federal Reserve System (Federal Reserve) has voted unanimously to maintain the interest rate paid on reserve balances at 5.15...more

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