Category: Financial Services
White House Focuses FSOC Regulators on Climate Change Risks in Banking
Recently, the Biden Administration took another step toward incorporating environmental risk analysis into all financial institution oversight. The new executive […]
House Happenings: Update on Financial Services Legislation
The U.S. House of Representatives recently passed seven bills related to banking and financial services. The one that is likely […]
The Rise of Fintech Highlights the Need for an Innovative Regulatory Framework
While sensible regulatory oversight of fintech is necessary, over-regulation can have a chilling effect on innovation and pose significant barriers […]
The Fast Rise and Possible Fall of the Special Purpose Acquisition Company (SPAC)
Alarm about the surge in recent SPAC-funded deals has prompted increased scrutiny and new accounting guidance by the SEC Key […]
What the Financial Services Industry Might Expect from the Biden Administration
The new administration’s policy agenda and agency appointments could have a considerable impact on the financial services industry Key Takeaways: […]
Federal Appeals Court Considers OCC’s FinTech Charter Authority
What is the “business of banking?” The Federal Court of Appeals for the Second Circuit is pondering that question as […]
Congressional Lawmakers Seek to Overturn the OCC’s “True Lender” Rule
Congressional Democrats recently introduced resolutions that would overturn the Office of the Comptroller of the Currency’s “True Lender Rule” (TLR), […]
New PPP Compliance Procedures for 2021
The government delegated approval authority to lenders for the first round of Paycheck Protection Program loans in 2020—reflecting the emergency […]
Data Privacy Class Action Lawsuits Pose a Rising Threat to the Financial Industry
Increased regulatory pressures and higher expectations for companies’ defenses against cyberattacks make financial institutions vulnerable to class action lawsuits. Key […]
Changes to SEC Rules on Equity Crowdfunding Loosen Restrictions on Raising Capital
New Securities and Exchange Commission rules that raise funding caps for all levels of equity crowdfunding and clarify requirements for […]