United States: Finance and Banking

The companies at the frontier of artificial intelligence (AI) are reaching scale at speeds that have no precedent in the history of venture-backed technology.

As we previously reported here in Cabinet News & Views, the Federal Reserve, the OCC, and the FDIC reproposed the Basel III Endgame package of amendments to the U.S. risk-based capital rules (“The Reproposal").

Early 2026 developments from the Farm Credit Administration (FCA) show the regulator is identifying opportunities to reduce regulatory complexity while reinforcing risk management expectations across Farm Credit System...

Debt Finance partner Raquel Smith joins hosts Laura Cicirelli and Eric Weiner to discuss venture debt facilities, unpacking key terms founders should understand including common red flags, covenants, and events of default. The conversation explores building strong relationships within the venture debt ecosystem and examines the broader risks, strategic considerations, and potential pitfalls associated with venture debt financings.

Harold Israel and Jack O'Connor, partners at Levenfield-Pearlstein, discuss the evolution of bankruptcy law into restructuring practice, exploring when distressed companies should file for bankruptcy versus pursuing out-of-court alternatives.

Federal and state authorities clash over prediction market regulation as the CFTC asserts exclusive jurisdiction while states pursue criminal prohibitions.

Benjamin Dryden is a legal professional at Foley & Lardner LLP's Chicago office. His contact information and professional profile are available for those seeking legal counsel or wishing to connect with him regarding legal matters.

As recently predicted in our May 8, 2026 blog, a new cert petition was filed on May 22, 2026 in Cantero v. Bank of America, asking the U.S. Supreme Court to revisit, again, the increasingly important question...

On May 15, the OCC issued two final rules addressing national banks’ and federal savings associations’ authority to administer mortgage escrow accounts and the preemption of certain state interest-on-escrow laws.

As cryptocurrency transitions from niche to mainstream with a $4 trillion market cap, cross-border crypto transactions are creating unprecedented tax complexity through inconsistent country-by-country treatment. From income type mismatches and sourcing challenges to valuation volatility and transfer pricing complications, the global tax framework struggles to address digital assets that existing tax treaties were never designed to handle.

Firstly, whether borrowers can continue to satisfy utilization conditions to access committed liquidity; and secondly, whether a material adverse change (MAC) has occurred triggering an event of default, thereby entitling financiers to exercise their acceleration and enforcement rights.

The CFTC filed suit against Minnesota in federal district court on May 19, 2026, marking the agency’s sixth lawsuit in seven weeks against a state seeking to regulate or prohibit CFTC-registered prediction markets. Filed one day after Minnesota’s governor signed a first-in-the-nation ban into law, the complaint argues that the state’s criminalization of prediction market operators is preempted by the Commodity Exchange Act and violates the U.S. Constitution.