In the last week of the New York State legislative session, the Senate and Assembly passed S8432/A8662-A. As of Oct. 22, 2025, this legislation has not been sent to the governor for her signature.
Continue Reading Amended New York Transparency Act Broadens Entity Reporting Obligations Beyond Federal Standards
On Sept. 30, 2025, the OFR requested approval from the Florida Financial Services Commission to publish a Notice of Proposed Rule to amend Rules 69U-100.323 and 69U-100.3231 and for final
Continue Reading Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules
On Sep. 8, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced it issued a new Geographic Targeting Order (September GTO) that renewed and modified FinCEN’s GTO announced on March 11, 2025 (March GTO).
Continue Reading Deadline Quickly Approaching for Newly Covered MSBs To Comply with FinCEN’s Southwest Border GTO
Earlier this year, the CFPB announced a significant shift in its supervisory and enforcement priorities, returning its focus to depository institutions, targeting clear consumer fraud, and prioritizing mortgages, data furnishing, and debt collection. As a result, the agency has reduced the number of exams it conducts and has launched comprehensive rulemakings to reassess its larger participant rules.
Continue Reading CFPB Proposes to Narrow Risk-Based Supervision
Open banking frameworks are transforming how consumer financial data is shared and utilized, thanks to collaboration among financial institutions, technology companies, and regulators. With the CFPB revisiting the 2024 Final Rule under the Dodd-Frank Act, stakeholders are weighing in on the future of consumer data access and financial innovation.
Continue Reading CFPB Reopens Its Open Banking Rule for Comment
The world, as we know it, is experiencing a series of geopolitical and economic pressures, from military and tariff wars to cultural and socioeconomic challenges. As of September 2025, the Federal
Continue Reading Federal Reserve Rate Cut Prompts Demand for Derivative Hedging Solutions
In July 2025, the House of Lords’ Financial Services Regulation Committee launched an inquiry into the expansion of non-bank lending in the UK. The investigation explores whether stricter bank regulations since the global financial crisis have limited traditional bank lending, prompting non-bank financial institutions to fill the gap—and considers the impact on the nation’s financial stability.
Continue Reading Non-Bank Lending in the Spotlight: UK House of Lords Inquiry into Systemic Risks and Market Stability
On July 29, 2025, the U.S. Securities and Exchange Commission (SEC) voted to approve orders allowing in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), including those based on
Continue Reading SEC Approves In-Kind Creations and Redemptions for Crypto ETPs
On July 21, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a press release announcing that it will extend the effective date of the final rule establishing anti-money laundering/countering the financing of terrorism program and suspicious activity report filing requirements for certain investment advisers and exempt reporting advisers (IA AML Rule), from Jan. 1, 2026, to Jan. 1, 2028.
On July 14, 2025, the Federal Reserve, the OCC, and the FDIC issued a joint statement addressing risk management and legal expectations applicable to banking organizations engaging in crypto-asset safekeeping. The Statement follows the Agencies’ coordinated rescission earlier this year of interpretive guidance requiring advance supervisory non-objection for crypto activities.[1] While the Statement does not impose new regulatory requirements, it provides important guidance regarding how the Agencies expect banking organizations to manage the legal, operational, technological, and compliance risks associated with crypto-asset safekeeping.