Financial Institutions: Banking, Compliance, Debt

The Financial institutions and banking sectors are highly regulated in the US and throughout the world. The National Law Review addresses legal issues, compliance concerns, financial regulatory schemes, broker-deals, insolvency and restructuring, and structured transaction negotiations. Both in the national and international realm, financial institutions are highly relied upon for financing, loans, and business deals. Because of this, the Federal Trade Commission, and agencies like the Federal Financial Institutions Examination Council (FFIEC) highly regulate the industry, and transactions that unfold on a daily basis.

The National Law Review also covers hot topics such as financial services law and FinTech (financial technology). Additionally, we cover topics like bitcoin, cryptocurrency transactions, SEC regulations, blockchain technologies, and compliance under finance laws like the Dodd-Frank Wall Street Reform and Consumer Protection Act. Additionally, cases and news which is governed under the Federal Reserve Act, the Fair Credit, and Reporting Act, Gramm-Leach-Bliley Act, and Equal Credit Opportunity Act, are also highly covered on the site.

Readers can learn about new loan transactions, international trade agreements, mortgage loans and bank financing legislation, and other news as it unfolds in the US and around the world. Details that are covered by governmental and regulatory agencies including the Commodity Futures Trading Commission (CFTC), the Consumer Financial Protection Bureau (CFPB), and the Financial Industry Regulatory Authority (FINRA), are routinely updated on the site. With ongoing agency news dealing with the CFPB, agency directors, and nominations to financial and banking agencies, the National Law Review constantly adds new cases and newsreaders want to remain informed about.

International banking and financial institutions news is also covered in the National Law Review. UK regulatory framework covered, including the Australian crowd-sourced funding regime, and EU’s Markets in Financial Instruments Directive (MiFID), along with international insolvency, news, and legislation from around the world, which are linked to non-US foreign banks and institutions, are regularly published online.

For hourly updates on the latest news about Wall Street, banking, financial, securities/SEC regulations, laws, and legislation be sure to follow our Financial, Banking, and Securities Law Twitter feed, and sign up for complimentary e-news bulletins.

Date	Title	Organization
22 Sep	CFPB Issues Guidance on Credit Denials by Lenders Using Artificial Intelligence	Cadwalader, Wickersham & Taft LLP
22 Sep	FDIC Chair Speaks on Risks of Nonbank Financial Institutions Resolution of Large Regional Banks	Cadwalader, Wickersham & Taft LLP
22 Sep	FCA’s Introduction of a Gateway for Firms to Approve Financial Promotions	Cadwalader, Wickersham & Taft LLP
22 Sep	IOSCO Consults on Good Practices for Leveraged Loans and CLOs	Cadwalader, Wickersham & Taft LLP
22 Sep	IRS Establishes New Special Work Unit to Concentrate on Large Partnerships As Part Of Its New Enforcement Effort Targeting High-Income Taxpayers	Greenberg Traurig, LLP
22 Sep	CFTC Crackdown: Three DeFi Platforms Face Enforcement Actions	McDermott Will & Emery
22 Sep	Laying the Groundwork on Foreign Sovereign Immunity	Cadwalader, Wickersham & Taft LLP
22 Sep	District Court Breaks Trend and Allows Claims Challenging Prudence of BlackRock LifePath Index Target Date Funds to Proceed	Proskauer Rose LLP
22 Sep	VARA’s Strict Application of Its Virtual Assets and Related Activities Regulations 2023	Squire Patton Boggs (US) LLP
22 Sep	CFPB Spotlight Targets Mobile ‘Tap-To-Pay’ Technology	Greenberg Traurig, LLP
21 Sep	Germany Leads The Way With Proposed Legislation Regulating Crypto-Assets Safekeeping That Will Provide Insolvency Protection	Squire Patton Boggs (US) LLP
21 Sep	CFPB Adjusts Long Time Position Relating to Loan Originator Compensation	Sheppard, Mullin, Richter & Hampton LLP
21 Sep	FTC Settles FCRA Suit Against “People-Search” Companies	Sheppard, Mullin, Richter & Hampton LLP
21 Sep	Privacy Tip #372 – Personal Preparedness for Massive Cyber-Attack	Robinson & Cole LLP
21 Sep	Amendments to the Names Rule	K&L Gates
21 Sep	California Administrative Tribunal Upholds Special Industry Apportionment Formula for Mutual Fund Service Provider	Blank Rome LLP
21 Sep	Estate Administration – The Not-So-Hidden Exception to Self-Dealing Prohibitions	ArentFox Schiff LLP
21 Sep	Blockchain+ Bi-Weekly - September 21, 2023	Polsinelli PC
21 Sep	Self-Directed IRAs and the Prohibited Transaction Rules – Part 2	ArentFox Schiff LLP
21 Sep	Ninth Circuit: Changes to a Services Agreement Require Consideration of Indirect Compensation	Proskauer Rose LLP
21 Sep	Code § 4980D and Violations of the NQTL Analysis Requirement Under the Proposed MHPAEA Regulations	McDermott Will & Emery
21 Sep	New York DFS Announces New Guidance on Virtual Currencies	Hunton Andrews Kurth
20 Sep	Diving Into SECURE 2.0: New DOL Lost and Found, Updates to EPCRS, and Delayed Implementation of Roth Catch-Up Requirement	Foley & Lardner LLP
20 Sep	And The Crowd Goes Wild: IRS Delays SECURE 2.0 Roth Catch-Up Rule Until 2026	Foley & Lardner LLP
20 Sep	Mintz IRA Update — The First Anniversary of the Inflation Reduction Act: A Year in Review	Mintz
20 Sep	Action Steps Health Plans Should Take Now In Response To New DOL Guidance on Mental Health Parity	Foley & Lardner LLP
20 Sep	Lack of Consensus, Lapse in Appropriations: Anatomy of a Federal Government Shutdown	Squire Patton Boggs (US) LLP
20 Sep	Executive Compensation Clawback Policies: Now Is the Time to Consider Insurance	Hunton Andrews Kurth
20 Sep	Avoiding Collateral Damage: Whose Pledged Assets Are They Anyways?	ArentFox Schiff LLP
20 Sep	There’s One for You, Nineteen for Me: IRS Issues Guidance on 1900% Pharmaceutical Excise Tax	ArentFox Schiff LLP
20 Sep	To Reschedule or to Deschedule: That Is the (Marijuana) Question	Bradley Arant Boult Cummings LLP
20 Sep	When May Shares Be Voted Without a Proxy or Without Transfer into the Holder's Name?	Allen Matkins Leck Gamble Mallory & Natsis LLP
20 Sep	Congress to Increase Funds for Artificial Intelligence Capabilities in Fiscal Year 2024	K&L Gates
19 Sep	IRS and Treasury Department Release Proposed Regulations for Labor Requirements Under Inflation Reduction Act	Bracewell LLP
19 Sep	Weekly IRS Roundup September 11 – September 15, 2023	McDermott Will & Emery
19 Sep	Should My Firm Offer Legal Fee Financing or Payment Plans?	PracticePanther
19 Sep	Successfully Dividing Business Assets in a Marital Divorce: Creative Options for Valuing and Dividing Private Company Interests	Bradley Arant Boult Cummings LLP
19 Sep	BTR Series Part 9—Navigating the Need for Foreign Investment Approval	K&L Gates
19 Sep	Europe: Commission Launches SFDR Consultations	K&L Gates
19 Sep	Visa Options and Tax Considerations for Latin American Investors and Companies	Greenberg Traurig, LLP
19 Sep	UK Announces Plans to Publish Sustainability Disclosure Standards by July 2024	Cadwalader, Wickersham & Taft LLP
19 Sep	ESG Policy Update–Australia September 19, 2023	K&L Gates
19 Sep	Investor Groups Raise Concerns Over European Sustainability Reporting Standards	Cadwalader, Wickersham & Taft LLP
18 Sep	U.S. Corporate Transparency Act Reporting Requirements Saddle Start-Ups and Investors with New Mandated Federal Disclosure Obligations in 2024; Estimated to Impact 32.6 Million Companies	Nelson Mullins
18 Sep	Top 10 Takeaways from OMB’s “Build America, Buy America” Guidance for Infrastructure Projects	Sheppard, Mullin, Richter & Hampton LLP
18 Sep	FCA Publishes Expectations on the Travel Rule for UK Cryptoasset Businesses	Katten
18 Sep	State AGs Turn ESG Scrutiny on Financial Service Providers	Bradley Arant Boult Cummings LLP
18 Sep	The Post-Brexit Future of the UK’s Securitisation Regime Takes Shape	Katten
18 Sep	How to Effectively Manage Pro Bono Work Reporting	Bill4Time
18 Sep	Katten and Reputation Consultancy Lansons Debut Podcast Series on Misconduct in Financial Services [Podcast]	Katten
18 Sep	President Biden Issues Executive Order Targeting Certain Investments in China	Katten
18 Sep	Navigating the New New York Department of Health Regulation on Facility Fees	Epstein Becker & Green, P.C.
18 Sep	Offering of NFTs Allegedly Promoted as Investments Claimed To Be Unregistered Securities Offering by SEC in Settled Enforcement Action	Katten
18 Sep	SEC Denial of Grayscale Bitcoin Fund Was Arbitrary and Capricious, Rules DC Circuit Court of Appeals	Katten
18 Sep	CFPB Updates Small Business Lending Rule FAQs	Greenberg Traurig, LLP
18 Sep	The Second Circuit Agrees: Loans are Not Securities	Katten
18 Sep	Finally Finally! FINRA Finalizes Amendments to Covered Agency Transaction Requirements Under FINRA's Margin Rule 4210	Katten
18 Sep	SEC Narrows Exemption from FINRA Membership for Broker-Dealers	Katten
18 Sep	Weekly Bankruptcy Alert September 18, 2023 (For the week ending September 17, 2023)	Pierce Atwood LLP
15 Sep	Kentucky Court Grants Injunction on Small Business Lending Rule	Sheppard, Mullin, Richter & Hampton LLP
15 Sep	Texas Court Strikes Down CFPB UDAAP Policy	Sheppard, Mullin, Richter & Hampton LLP
15 Sep	CFPB Reaches $2.6 Billion Settlement with Credit Repair Company	Sheppard, Mullin, Richter & Hampton LLP
15 Sep	Proposed Regulations From the IRS Outline Reporting Requirements for Cryptocurrency “Brokers”	McDermott Will & Emery
15 Sep	Co-Founder of Fraudulent Cryptocurrency Sentenced to 20 Years in Prison	ArentFox Schiff LLP
15 Sep	IRS Says: New Goal is to Restore Fairness by Using Tax Dollars to Audit More Millionaires, Partnerships and Large Corporations	Polsinelli PC
15 Sep	The ABCs of KYC (accounts)	Cadwalader, Wickersham & Taft LLP
15 Sep	The UK Introduces Repayment Concessions for Residential Mortgages	Cadwalader, Wickersham & Taft LLP
15 Sep	FDIC Issues Bank Failure Post Mortem Report	Cadwalader, Wickersham & Taft LLP
15 Sep	Multistate and CFPB Enforcement Actions Against Lease Finance Company Tempoe	Cadwalader, Wickersham & Taft LLP
14 Sep	The Countdown Starts: Compliance Dates Set for Private Fund Adviser Rules	Proskauer Rose LLP
14 Sep	Bye-bye BSBY?	Cadwalader, Wickersham & Taft LLP
14 Sep	CFTC Enforcement Focus on DeFi	Cadwalader, Wickersham & Taft LLP
14 Sep	Energy, Infrastructure, Domestic Manufacturing: Immigration System to Meet Labor Needs	Jackson Lewis P.C.
14 Sep	Understanding Why More Non-Traded REITs and Real Estate Funds Are Adopting a DST Structure as Part of a Capital Raise	Polsinelli PC
14 Sep	7 Resources for Determining Financial Institutions’ and Companies’ OFAC Compliance Obligations	Oberheiden P.C.
13 Sep	U.S.’ National Clean Hydrogen Strategy Is Knocking and the IRS Is Holding the Keys to the Kingdom	Barnes & Thornburg LLP
13 Sep	SEC Risk Alert to Investment Advisers: Assessing Risks, Scoping Examinations, and Requesting Documents	Greenberg Traurig, LLP
13 Sep	SECURE 2.0: New Distribution Options	Varnum LLP
13 Sep	District Court Replaces Plan Trustees with Independent Fiduciary	Proskauer Rose LLP
13 Sep	UK Financial Promotion Rules for Cryptoassets: Longer Implementation Period for Certain Requirements	Proskauer Rose LLP
13 Sep	Luxembourg Financial Services Regulator, the Financial Sector Supervisory Commission, and Issues FAQs on "Virtual Asset Service Provider" Regime	K&L Gates
13 Sep	Hypothetical Performance Crackdown: Nine Firms Charged with Violations of Investment Adviser Marketing and Recordkeeping Rules	K&L Gates
13 Sep	DFPI Posts Annual B-D/IA Report to the Legislature	Allen Matkins Leck Gamble Mallory & Natsis LLP
12 Sep	Don’t Wait until Time Is Up	Blank Rome LLP
12 Sep	A Guide to Alternative Fee Arrangement for Law Firms	PracticePanther
12 Sep	BTR Series Part 8: BTR And Sustainability—An Opportunity to Drive Decarbonisation in the Built Environment	K&L Gates
12 Sep	No Breach Too Small: OFSI Reports First Breach of UK’s Russian Sanctions Regulations	Greenberg Traurig, LLP
11 Sep	Significant New Private Fund Rules Adopted by SEC	ArentFox Schiff LLP
11 Sep	Weekly Bankruptcy Alert September 11, 2023 (For the week ending September 10, 2023)	Pierce Atwood LLP
8 Sep	Stock Exchange Deadline Approaches for Adopting SEC Compliant Clawback Policy	Sheppard, Mullin, Richter & Hampton LLP
8 Sep	Updated LSTA Regulatory Guidance – U.S. Sanctions Issues in Lending Transactions	Cadwalader, Wickersham & Taft LLP
8 Sep	The SEC’s Sudden Impact on NFTs!	Sheppard, Mullin, Richter & Hampton LLP
8 Sep	The Corporate Transparency Act (Part 4): Beneficial Owners and Company Applicants Defined Under the CTA	Winstead
8 Sep	The Corporate Transparency Act (Part 3): Reporting Requirements	Winstead
8 Sep	The Corporate Transparency Act (Part 2): Exemptions from the Reporting Requirements	Winstead
8 Sep	DIFC Court Rules on Conditions Precedent and Liquidated Damages for Employer Delay in Construction Claims	K&L Gates
8 Sep	New York State Judge Rules for Securities Broker-Dealer on Corporate Tax Sourcing, Investment Income, and Investment Tax Credits	Blank Rome LLP
8 Sep	The Corporate Transparency Act (Part 1): An Overview	Winstead
8 Sep	New York Proposes Regulations Expanding State’s Ability to Regulate Pbms	McDermott Will & Emery
8 Sep	IRS Delays Mandatory Roth Catch-Up Contributions For Higher Paid Employees	Barnes & Thornburg LLP
8 Sep	Arkansas Men Convicted in $18 Million Global Investment Fraud Conspiracy	ArentFox Schiff LLP
8 Sep	ATDS EXPRESS: Another Court Holds Debt Collectors Cannot Violate the TCPA ATDS Provisions– But Is It Really That Simple?	Troutman Amin, LLP
8 Sep	CFPB Director Announces Intention to Propose Rules Targeting the Reliance on Non-Traditional Data Sources in Consumer Finance	Katten
7 Sep	SEC’s Move on NFTs Continues Pattern of Case-by-Case Regulation	Bracewell LLP
7 Sep	Tax Report – Proposed Regulations on Information Reporting for Digital Asset Sales and Exchanges	Nelson Mullins
7 Sep	IRS Provides 2-Year Grace Period for Roth Catch-Up Contribution Requirement Under Secure 2.0	Hill Ward Henderson
7 Sep	Blockchain+ Bi-Weekly September 7, 2023	Polsinelli PC
7 Sep	FCA Investigates Bank Account Closures, Including for PEP Customers	Squire Patton Boggs (US) LLP
7 Sep	CMS Releases Draft Part One Guidance on the Maximum Monthly Cap on Cost-Sharing Payments Program to Part D Plans	Mintz
7 Sep	Public Workshop for OHCA’s Proposed Regulations Sparks Lively Discussion Among Industry Stakeholders	Sheppard, Mullin, Richter & Hampton LLP
7 Sep	France and UK Announce Roadmap to Boost Biodiversity Credit Market	Cadwalader, Wickersham & Taft LLP
7 Sep	NIST Stablecoin Report Highlights Security and Stability Concerns	Cadwalader, Wickersham & Taft LLP
7 Sep	Industry Trades Really Don’t Like the Basel III Endgame Proposal	Cadwalader, Wickersham & Taft LLP
7 Sep	CFTC Further Expands the Definition of CTA	Cadwalader, Wickersham & Taft LLP
7 Sep	The United States Second Circuit Court of Appeals' Decision in Kirschner v. JP Morgan	Nelson Mullins
7 Sep	IRS Provides 2-year Grace Period For Roth Catch-up Contribution Requirement Under Secure 2.0	Hill Ward Henderson
7 Sep	FINRA Settles First Significant CAT Reporting Enforcement Action	Katten
7 Sep	Weekly Bankruptcy Alert September 7, 2023 (For the week ending September 3, 2023)	Pierce Atwood LLP
6 Sep	Federal Appeals Court Reaffirms That Syndicated Loans Are Not Securities	Polsinelli PC
6 Sep	Court Affirms Finding Of An Oral Trust And Breach Of Duty By The Trustee	Winstead
6 Sep	To Deed, Or Not To Deed (That is the Question): The Pros and Cons of a Deed in Lieu	Goulston & Storrs
6 Sep	FINRA Gains Greater Jurisdiction and Members: Amendments to SEC Rule 15b9-1 Will Require Most Proprietary Trading Broker-Dealers to Join FINRA	Katten
6 Sep	Government Contractor Booz Allen Hamilton Enters One of the Largest Procurement Fraud Settlements with DOJ over FCA Allegations	Bradley Arant Boult Cummings LLP
6 Sep	GOP ESG Bills Await US House Floor Consideration	K&L Gates
6 Sep	A Field Guide to Issuer and Nonissuer Transactions	Allen Matkins Leck Gamble Mallory & Natsis LLP
6 Sep	New Executive Order Restricts U.S. Investments In China	Barnes & Thornburg LLP
6 Sep	New SEC Rules Create Additional Requirements for Investment Advisers to Private Funds	Womble Bond Dickinson (US) LLP
5 Sep	Weekly IRS Roundup August 21 – September 1, 2023	McDermott Will & Emery
5 Sep	Catching Up With the Times—IRS Issues Guidance Delaying Required Roth Catch-up Contributions	Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
5 Sep	“Convergence” Element of Wire Fraud On Thin Ice?	ArentFox Schiff LLP
5 Sep	BTR Series Part 7: Residential Sector--Impacts on the Home Ownership Market and Other Sectors Such as Retirement Living	K&L Gates
5 Sep	Treasury and IRS Issue New Proposed Regulations on Digital Assets	Greenberg Traurig, LLP
5 Sep	ESMA and NCAs to Assess Disclosures and Sustainability Risks in the Investment Fund Sector	Cadwalader, Wickersham & Taft LLP
5 Sep	New UAE Rule Regarding the Mandatory Attestation of Import Invoices Could Help Combat TBML	Squire Patton Boggs (US) LLP
1 Sep	Federal Reserve Issues Guidance on Supervision of “Novel Activities” by Banks, Impacts Bank-Fintech Partnerships	Sheppard, Mullin, Richter & Hampton LLP
1 Sep	California DFPI Finalizes Small Business UDAAP Rule	Sheppard, Mullin, Richter & Hampton LLP
1 Sep	CFPB Sues Installment Lender for Alleged Loan Churning Operation	Sheppard, Mullin, Richter & Hampton LLP
1 Sep	Soaring Estate and Gift Tax Exclusions and GST Tax Exemption Offer Temporary Window for Maximizing Wealth Transfer	McDermott Will & Emery
1 Sep	Republicans Unveil Bills Targeting ESG in Securities and Banking	Cadwalader, Wickersham & Taft LLP
1 Sep	Blocking, Rejecting, and Reporting: 3 Keys to OFAC Compliance for Financial Institutions	Oberheiden P.C.
1 Sep	SEC Adopts Significant New Rules for Private Fund Advisers	Dinsmore & Shohl LLP
1 Sep	Another Review of Franchising Code Announced	K&L Gates
1 Sep	Private Fund Adviser Rulemaking	Greenberg Traurig, LLP
1 Sep	Expanded Federal Tax Exclusions and Exemptions Mean Greater Opportunities for New Yorkers	McDermott Will & Emery
31 Aug	Changes to Trading Rules Now Effective Under New Financial Services and Markets Act 2023	Cadwalader, Wickersham & Taft LLP
31 Aug	FDIC Board Meeting Tackles a Meaty Agenda	Cadwalader, Wickersham & Taft LLP
31 Aug	The Three Federal Banking Agencies Propose Long-Term Debt Requirement for All Large Banking Organizations	Cadwalader, Wickersham & Taft LLP
31 Aug	SECURE 2.0: Roth Catch-Up Contribution Delay	Epstein Becker & Green, P.C.
31 Aug	Kirschner V. JP Morgan: Syndicated Term Loans Are Not Securities, But What About Digital Assets?	Barnes & Thornburg LLP
31 Aug	SEC Proposes New Requirements to Address Conflicts of Interest in the Use of Artificial Intelligence and Similar Technologies	Vedder Price