Sep 09, 2024 FinCEN Adopts Rule Extending AML/CFT Requirements to RIAs and ERAs, Further Increasing Regulatory Obligations on Investment Advisers By David Sewell Timothy Clark Ivet Bell David Nicolardi Nathaniel Balk +2 more... Show less On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) adopted a final rule that extends anti-money laundering (AML) and...
Jul 30, 2024 Banking Agencies Signal Increased Scrutiny of Bank-Fintech Partnerships By David Sewell Alison Hashmall Nathaniel Balk On July 25, 2024, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), and...
Jun 03, 2024 Reenergized CFPB Poised to Rev Up Rulemaking and Enforcement By David Sewell Alison Hashmall Nathaniel Balk On May 16, 2024, the Supreme Court handed a major victory to the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”), holding...
May 29, 2024 Federal Agencies Propose Customer Identification Program Requirements for Investment Advisers: Another Step Toward Comprehensive AML/CFT Regulation By David Sewell Timothy Clark Nariné Atamian Daniel Klingenbrunn Nathaniel Balk +2 more... Show less On May 13, 2024, the Financial Crimes Enforcement Network (FinCEN) and the US Securities and Exchange Commission (the SEC) took another...
May 17, 2024 Third Time’s the Charm? FDIC, OCC, and FHFA Re-Propose Incentive-Based Compensation Rule By Nicole Foster Lori Goodman Alison Hashmall David Sewell Jordan Salzman Nariné Atamian Daniel Klingenbrunn +4 more... Show less On May 6, 2024, the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and Federal Housing...
Apr 29, 2024 Proposed Legislation Would Add Ransomware Reporting and Compliance Obligations for Covered U.S. Financial Institutions By Brock Dahl David Sewell Nathaniel Balk David Benger +1 more... Show less On April 11, 2024, U.S. Representatives Brittany Pettersen (D-CO) and Patrick McHenry (R-NC) introduced the “Ransomware and Financial...
Apr 22, 2024 FDIC Releases Report Describing How It Would Resolve a U.S. GSIB By Alison Hashmall Nathaniel Balk Ellen Lawrence Earlier this month, the Federal Deposit Insurance Corporation (FDIC) issued a report[1] describing how and when the agency would exercise...
Mar 28, 2024 With The Fintech Sector's Return to Explosive Growth, Here Are Top U.S. Legal Issues to Watch By Jamillia Ferris Vinita Kailasanath Christine Lyon Jan Rybnicek David Sewell Nathaniel Balk Christine Chong Sora Park Emily Strickland +6 more... Show less Freshfields recently hosted a U.S. Fintech Hot Topics Webinar to highlight on-the-ground insights from our Antitrust and Competition,...
Mar 27, 2024 FDIC Joins Bank Merger Fray with Proposed Policy Statement By David Sewell Alison Hashmall Justin Stewart-Teitelbaum Jenny Hochenberg Angela Landry Nathaniel Balk Tina Laritz Cates Saleeby +5 more... Show less With the recent one-year anniversary of three of the largest bank failures in U.S. history—shortly preceded by the largest bank merger...
Feb 15, 2024 SEC Issues Marketing Rule FAQ on Net IRR Presentation in Investment Adviser Advertising Materials By Timothy Clark David Sewell Nathaniel Balk On February 6, 2024, Securities and Exchange Commission (SEC) staff issued a new Frequently Asked Question (FAQ) under the SEC’s...
Feb 14, 2024 FinCEN Proposes Highly Anticipated Investment Adviser AML/CFT Rule By David Sewell Timothy Clark Stephanie Brown Cripps Nathaniel Balk Nathalie Kupfer Rosie Jiang +3 more... Show less On February 13, 2024, the U.S Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to extend...
Feb 05, 2024 OCC Proposes New Bank Merger Rules and Policy Statement By David Sewell Jenny Hochenberg Justin Stewart-Teitelbaum Nathaniel Balk Cates Saleeby Tina Laritz +3 more... Show less On Monday, January 29, the Office of the Comptroller of the Currency (OCC) published a proposal to update its procedural rules and issue...