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 which 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, block chain 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 which 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 news readers want to remain informed about.

International banking and financial institutions news are also covered on 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.

Date	Title	Organization
14 May	SEC Staff of Division of Investment Management Issues Statement on Registered Funds Investing in Bitcoin Futures	Vedder Price
14 May	ESG: European Commission Consults on Draft Delegated Regulation of Disclosure Obligations Under Taxonomy Regulation	Katten
14 May	FCA Update: New Authorized Fund Regime, RegData Data Collection Platform	Katten
14 May	Don't Bank On Using "Bank" In A URL	Allen Matkins Leck Gamble Mallory & Natsis LLP
14 May	UK Government Publishes Guidance on Supply of Emissions Allowances in UK ETS	Katten
14 May	FCRA Claim Survives Dismissal Where Plaintiff Alleges Defendant Did Not Have a Permissible Purpose to Access Plaintiff’s Credit Report Based on Prior Discharge of Mortgage Debt in Bankruptcy	Womble Bond Dickinson (US) LLP
14 May	CFTC Announces Energy and Environmental Markets Advisory Committee Meeting	Katten
14 May	Sixth Circuit Joins Four Other Circuits in Restricting Plaintiffs’ Standing to Bring Claims under the Fair and Accurate Credit Transactions Act (“FACTA”)	Squire Patton Boggs (US) LLP
14 May	Consolidated Audit Trail Publishes New Roadmap to Assist Small Firms With Reporting Obligations	Katten
14 May	GDPR Processor or Controller: Merchant's Bank or an Accountant	Greenberg Traurig, LLP
14 May	SEC Emerges as Main Regulator of Cryptocurrency	Barnes & Thornburg LLP
14 May	FINRA Shares Practices Firms Use to Protect Customers from Online Account Takeover Attempts and Opens Dispute Resolution Services	Katten
14 May	COVID-19: FCA Updates Webpage on Changes to Regulatory Reporting	Katten
13 May	SEC to Move Quickly on Proposed ESG Disclosures	K&L Gates
13 May	DOJ Investigates FinTechs Over PPP Loan Miscalculations	Nelson Mullins
13 May	Cross-Selling of Retirement Plan Data: Are These Data a Plan Asset?	Robinson & Cole LLP
13 May	An Overview of SEC Defense	Oberheiden P.C.
13 May	New York Adopts Investment Adviser Representative Registration and Examination Requirements	Vedder Price
13 May	Focus on ESG Will Continue to Grow Under Biden Administration	Proskauer Rose LLP
13 May	SEC Staff Issues Statement on Bitcoin Futures	Hunton Andrews Kurth
13 May	Financial Services Act 2021: Changes Ahead	Squire Patton Boggs (US) LLP
12 May	Department of Education Issues New Guidance on Use of ARP Funds	Steptoe & Johnson PLLC
12 May	Investment Adviser to Mutual Fund Cited for Undisclosed Conflicts	Foley & Lardner LLP
12 May	Construction Conference Roundup: Roundtable Session Covers Employment Contracts, PPP Documentation, How To Vet Private Construction Clients and More	Ward and Smith, P.A.
12 May	Anonymous SEC Whistleblower Receives $3.6 Million Award	Kohn, Kohn & Colapinto
12 May	SEC Cryptocurrency Enforcement—Q3 2013–Q4 2020	Cornerstone Research
12 May	Not a Preferred Course: 11th Circuit Decides FDCPA Question in Hunstein v. Preferred Collection and Management Services	K&L Gates
12 May	The IRS Continues Aggressive Use of John Doe Summonses to Investigate Tax Evasion Related to Use of Cryptocurrency, Offshore Service Providers	Greenberg Traurig, LLP
12 May	Maryland District Court Allows Pro Se Litigant’s FCRA Claim To Proceed Beyond 12(b)(6) Motion	Womble Bond Dickinson (US) LLP
12 May	Payment Card Rules v. PCI DSS: District Court Opens the Door to Potential Data Breach Tort Liability Based on Common Law Duties and Section 5 of the FTC Act	Squire Patton Boggs (US) LLP
11 May	FINRA Announces Resumption of In-Person Arbitration Hearings	Jackson Lewis P.C.
11 May	Third Time is the Charm? In FCRA Litigation, Court Says Not So Fast	Squire Patton Boggs (US) LLP
11 May	Plaid Federal Electronic Surveillance Claims Dropped, Privacy Claims Survive	Proskauer Rose LLP
11 May	New UK Insolvency Regime for Payment Institutions and Electronic Money Institutions	K&L Gates
10 May	SEC’s Focus on Climate and Environmental, Social and Governance Issues	Katz, Marshall & Banks, LLP
10 May	Super Tax Exempt Limited Partners in Private Equity Funds: Impact on Solar Projects	Bracewell LLP
10 May	Weekly Bankruptcy Alert (For the week ending May 9, 2021)	Pierce Atwood LLP
7 May	Does the Eleventh Circuit’s Hunstein Decision Mean that the FDCPA Violates the First Amendment?	Bradley
7 May	Statute of Limitations Halt Crypto Currency Business Class Actions	Nelson Mullins
7 May	BREAKING NEWS: In Capital One Data Breach Litigation Federal Judge Grants Capital One’s Motion To Certify Question to Virginia Supreme Court	Squire Patton Boggs (US) LLP
7 May	CFTC Issues No-Action Response Letter; Order of Registration to Mercado Mexicano de Derivados	Katten
7 May	FCA Publishes Discussion Paper on Strengthening Financial Promotion Rules for High-Risk Investments and Firms Approving Financial Promotions	Katten
7 May	FINRA Seeks Comment on Proposed Amendments to Margin Rule Requirements and Diversity and Inclusion Initiatives	Katten
7 May	LEI ROC Consults on Changes to Technical Guidance on Harmonization of Critical OTC Derivatives Data Elements	Katten
7 May	HM Treasury Intends to Remove UK MiFIR Open Access Regime for ETDs	Katten
7 May	Finding John Doe, Part II: IRS Secures Another Victory to “Root Out” Virtual Currency Tax Noncompliance	McDermott Will & Emery
7 May	Whistleblowers Awarded Over $4.2 Million in Series of False Claims Act Cases for Exposing Surgeon Performing Unnecessary Spinal Surgeries and Illegally Profiting from the Sale of Medical Devices	Tycko & Zavareei LLP
6 May	Overview of Wind Tax Credits: Internal Revenue Code Sections 45 and 48	Jones Walker LLP
6 May	CFPB Reiterates Focus on Mortgage Industry COVID-19 Response, Highlights Fair Servicing Concerns	Greenberg Traurig, LLP
6 May	Rulemaking Petition Seeks SEC Guidance on NFTs	Hunton Andrews Kurth