Finance Law and Banking Law

Read the newsletter below for the latest Mortgage Banking and Consumer Finance industry news, written by Ballard Spahr attorneys. In this issue, our lawyers examine OFAC’s advisory warning...

Together, these actions are intended to reaffirm the authority of national banks under federal law to earn and receive interchange fees and to prevent the imminent application of Illinois’s...

Connecticut's Department of Banking has taken enforcement action against a lead-generation company for conducting mortgage lead-generation activities without proper state licensing, marking the second time the company has faced such allegations. The case highlights ongoing regulatory scrutiny of licensing compliance in the consumer financial services sector and the consequences of operating without required state authorizations.

BNP Paribas is seeking a Vice President - Legal Counsel to serve on the Asset Finance & Securitization (“AFS”) Legal team.

As agricultural borrowers face tighter margins and reduced cash flow in 2026, Farm Credit lenders are increasingly turning to "bulge financing" - temporary credit extensions designed to bridge short-term liquidity gaps. This analysis explores how these 60-120 day facilities differ from traditional accordion structures and examines their strategic deployment through a real-world case study of discounted crop input financing.

Goodwin's Private Investment Funds team advised Ares Credit Secondaries funds in leading a $2.5 billion credit continuation vehicle sponsored by Arcmont Asset Management, marking the largest European credit continuation fund to date. The transaction involved acquiring a diversified portfolio of primarily first-lien senior secured loans from Arcmont's 2019 vintage Direct Lending Fund III, providing liquidity to existing limited partners while enabling continued exposure to the portfolio.

On March 19, 2026, the federal banking agencies issued a package of proposed changes to the regulatory capital requirements for banking institutions of all sizes, from the largest GSIBs and super-regional banks to community banks. This package of proposals (the “Proposed Rules”) is a second full attempt at implementing the 2017 “Basel III Endgame” international framework—following the agencies’ initial package of proposals in July 2023 (the “2023 NPR”)—to better reflect credit, trading and operational risk in the calculation of regulatory capital ratios.

Two prestigious law firms, Hogan Lovells and Cadwalader Wickersham & Taft, have received partner approval to merge, creating a global legal powerhouse with approximately 3,100 lawyers across key G20 markets. The combination unites Cadwalader's market-leading finance and capital markets expertise with Hogan Lovells' regulatory and disputes capabilities, positioning the new firm among the world's largest by revenue and establishing significant presence in Washington D.C., London, and New York.

Markets have recently been experiencing heightened volatility and credit availability has tightened, which has placed valuation practices under unusual pressure from regulators and investors.

BNP Paribas is seeking a Vice President - Legal Counsel to serve on the Asset Finance & Securitization (“AFS”) Legal team.

The global aviation leasing and finance market continues to navigate an era of unprecedented geopolitical risk.

Adopting Accounting Standards Codification (ASC) 842, Leases, introduces new considerations for companies with leases. One such complex consideration is accounting for the potential impairment...