Worldwide: Financial Services

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
Howey's Cryptonite: A Deep Dive On Digital Asset Classification—Part I
The SEC and CFTC have issued a joint interpretive release establishing a securities taxonomy for crypto-assets, classifying them into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. This groundbreaking guidance identifies specific crypto-assets like Bitcoin, Ether, and Solana as digital commodities rather than securities, marking a significant shift from the SEC's previous regulation-by-enforcement approach.
United States Finance
KG
K&L Gates LLP
Article
Bank Charter Update: FDIC’s Two-Phase Deposit Insurance Review Process And Recent OCC Actions
The FDIC has introduced a streamlined two-phase approach to deposit insurance applications, promising contingent authorization within 120 days and final approval within 12 months. While this accelerated timeline signals regulatory openness to new bank charters, including innovative fintech models, recent OCC denials reveal that speed comes with heightened expectations for application completeness, management quality, and operational readiness from day one.
United States Finance
SA
Skadden Arps Slate Meagher & Flom
Article
NYDFS Secures $250,000 Cybersecurity Settlement With Money Transmitter
The New York Department of Financial Services has imposed a $250,000 penalty on a licensed money transmitter following a 2022 ransomware attack that exposed critical gaps in the company's cybersecurity framework. The enforcement action highlights specific deficiencies in risk assessment protocols, cybersecurity program design, and software update policies that allegedly violated New York's Cybersecurity Regulation. This settlement underscores the regulatory expectation that financial institutions maintain r
United States Finance
SM
Sheppard, Mullin, Richter & Hampton LLP
Podcast
Be Bold: Lessons In Inclusive Leadership (Podcast)
Patsy Doerr, Chief People & Culture Officer at LRN, joins Lowenstein Sandler's Real Talk podcast to share her extensive experience in driving inclusive leadership initiatives and building ethical workplace cultures across global organizations. The conversation explores her career journey and the critical elements needed to advance inclusion, talent development, and leadership in today's corporate environment.
United States Employment
LS
Lowenstein Sandler
Podcast
Analyzing NRSC v. FEC: What The Supreme Court’s Ruling Means For Parties, PACs And Donors (Podcast)
On the latest episode of “The Lobby Bar,” hosts Charlie Ricciardelli and Tyler Rosen unpack the Supreme Court’s recent decision in National Republican Senatorial Committee v. FEC, which struck down federal limits on coordinated expenditures by political parties and their candidates, while leaving key campaign finance rules — including contribution limits, disclosure obligations and earmarking restrictions — in place.
United States Finance
SA
Skadden Arps Slate Meagher & Flom
Article
Illinois Enacts Comprehensive Buy-Now-Pay-Later Loan Consumer Protection Act
Illinois has enacted comprehensive legislation establishing a new regulatory framework for buy-now-pay-later lending products, introducing licensing requirements, consumer protection standards, and rate caps that will fundamentally reshape how BNPL providers operate in the state. The Act, which takes effect January 1, 2028, extends credit card-like dispute protections to BNPL transactions while imposing strict underwriting and disclosure obligations on lenders.
United States Consumer
MB
Mayer Brown
Article
CFTC Targets George Santos For Manipulative Trading In State Of The Union Event Contract
The CFTC found that Santos on multiple occasions traded an event contract based on whether he would attend the 2026 State of the Union address, held on February 24, 2026. According to the CFTC’s order, Santos took an initial “Yes” position on February 12 and continued to buy additional “yes” contracts through February 22. Early on February 22, Santos posted on X asking whether he should “wear a muted or serious suit to the SOTU… or a bedazzled one?” The “Yes” contract price rose sharply within hours, and Santos then exited his entire Yes position at a profit.
United States Finance
AG
Akin Gump Strauss Hauer & Feld LLP
Article
Federal Reserve And FDIC Propose Long-awaited Regulation O Modernization
The Federal Reserve Board and FDIC have proposed comprehensive updates to Regulation O, which governs lending to bank insiders. These modernization efforts would quadruple key dollar thresholds unchanged since the 1970s, address complications arising from investment fund ownership structures, and incorporate statutory changes from the Dodd-Frank Act while maintaining core protections against preferential lending and insider abuse.
United States Finance
HL
Hogan Lovells Cadwalader
Article
FDIC Requests Comment On GENIUS Act Forms
The Federal Deposit Insurance Corporation has released a request for comment on new reporting requirements for FDIC-supervised Permitted Payment Stablecoin Issuers, introducing comprehensive weekly and quarterly reporting obligations. These proposed forms would require detailed disclosures about stablecoin activity, reserve assets, trading volumes across exchanges, and financial condition metrics.
United States Finance
HL
Hogan Lovells Cadwalader
Article
HRSA Announces Updated 340B Rebate Model Pilot Program, Limited To Drugs Subject To A Maximum Fair Price (MFP) For 2026 And 2027
The Health Resources and Services Administration has announced a revised 340B Rebate Model Pilot Program for drugs subject to Medicare's Maximum Fair Price, expanding eligibility to manufacturers with selected drugs for 2026 and 2027. The program introduces new data requirements, dispute resolution mechanisms, and stricter compliance monitoring while addressing stakeholder concerns about administrative burden and program integrity.
United States Finance
HL
Hogan Lovells Cadwalader
Article
OCC Follows FDIC In Proposing More Practical Rules For Sharing Confidential Supervisory Information
The OCC has proposed amendments to its rules governing the disclosure of confidential supervisory information, following a similar FDIC proposal from June. These regulatory changes would expand banks' ability to share CSI without prior approval in specific circumstances, including M&A transactions, while maintaining appropriate safeguards through confidentiality agreements and other protective measures.
United States Finance
HL
Hogan Lovells Cadwalader
Article
IRS Notice 2026-36 On Section 4960
On June 5, 2026, the Department of the Treasury (“Treasury Department”) and the Internal Revenue Service (the “IRS”) issued Notice 2026-36 (the “Notice”), announcing their intent to issue proposed regulations under section 4960 of the Internal Revenue Code of 1986, as amended (the “Code”). Code section 4960 imposes an excise tax on certain compensation paid to any “covered employee” of an applicable tax-exempt organization (an “ATEO”).
United States Tax
ST
Simpson Thacher & Bartlett
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