Better Know Your CEO: New York Issues Final Guidance on Character and Fitness

The NYDFS issued final supervisory guidance requiring New York-licensed or chartered banking institutions and financial services companies to establish and maintain a framework for assessing the character and fitness of their directors, senior officers, and managers. Covered institutions must conduct initial and ongoing reviews, tailor assessments based on risk profiles, and promptly report adverse findings. Read more>>

The State of Play on EWA

Legislation to regulate earned wage access (EWA) providers is rapidly increasing across states, with recent bills introduced in Arizona, Florida, Hawaii, and Kentucky in January 2024, following Nevada and Missouri's lead from June 2023. These bills outline differing approaches to regulating EWA transactions, particularly regarding whether they are considered loans or credit, prompting calls for a unified regulatory framework from industry associations.
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Legal Updates On Hot Topics

Securitization – What to Expect in 2024

Community Reinvestment Act Rule Overhaul Finalized by U.S. Banking Regulators

Time Warp? Proposed Basel Endgame Reporting Requirements Released Before Final Rule


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