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Category: Financial Services

White House Focuses FSOC Regulators on Climate Change Risks in Banking

by on Compliance. Published June 25th, 2021

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

by on Compliance. Published June 24th, 2021

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

by on Financial Services. Published May 19th, 2021

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)

by on Financial Services. Published May 5th, 2021

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

by on Financial Services. Published April 21st, 2021

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

by on Financial Services. Published April 14th, 2021

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

by on Financial Services. Published April 14th, 2021

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

by on Compliance. Published March 31st, 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

by on Financial Services. Published March 31st, 2021

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

by on Financial Services. Published March 24th, 2021

New Securities and Exchange Commission rules that raise funding caps for all levels of equity crowdfunding and clarify requirements for […]