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.

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.

When an equipment lender funded a borrower's purchase without properly documenting its collateral rights, it found itself without recourse in bankruptcy court. The Delaware bankruptcy court's ruling in Wingspire...

Explore the latest developments in mortgage banking and consumer finance, including the CFPB's sweeping ECOA rule changes, federal preemption battles over state mortgage escrow laws, and emerging AI governance frameworks. This comprehensive update examines critical regulatory shifts affecting lenders, from disparate impact elimination to interchange fee litigation and state-level consumer protection initiatives.

On 7 April 2026, The Financial Crimes Enforcement Network (FinCEN) issued its notice of proposed rulemaking (NPRM or proposed rule) that would revise the requirements for anti-money laundering and countering the financing of terrorism (AML/CFT) compliance programs for financial institutions.

The Securities and Exchange Commission (“SEC”) recently proposed the most significant amendments to the registered offering framework in over 20 years, intended to facilitate capital formation in the public securities markets. The proposed amendments to its registered offering rules (the “Proposal”)[1] would preempt state securities law registration and qualification requirements for all offerings registered under the Securities Act of 1933, as amended (the “Securities Act”).

The U.S. Securities and Exchange Commission (“SEC”) issued an order on April 28, 2026 making inflation-adjusted increases to the dollar amount thresholds for meeting the definition of “qualified client” in Rule 205‑3 under the Investment Advisers Act of 1940 (the “Advisers Act”). These are ordinary course threshold increases made pursuant to the SEC’s obligation under Section 418 of the Dodd-Frank Act to adjust the QC thresholds every five years.