News & Commentary on Financial Regulatory and Compliance Matters
11th Circuit
11th Circuit Answers When Would-Be ‘Customers’ May Bring a FINRA Arbitration Against FINRA Members and Associated PersonsFDCPA – 11TH Circuit: Kinlock v. Wells Fargo Bank – Post-Foreclosure Offers of Financial Assistance to Defaulted Borrower Not Violative of FDCPA/Florida Consumer Collection Protection Act Anti-Money Laundering
Beneficial Ownership Reporting Requirements: FinCEN Issues Final Rule for Implementation of Corporate Transparency ActFINRA Releases Updated Guidelines and Sanctions for Securities Rule ViolationsCrypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations banking
ENABLERS Act Proposes to Expand Definition of ‘Financial Institution’; Impose BSA/AML Requirements on Professional Service ProvidersPresident’s Working Group on Financial Markets Releases Report and Recommendations on StablecoinsNew Report Shows Majority of ‘Financial Action Task Force’ Countries Have Not Implemented Virtual Asset Guidance Blockchain Technology Task Force
Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsFlorida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateFinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset Transactions CFPB
Regulatory Scrutiny on the Rise of Bank and Crypto Company DealingsCFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection ActCFPB Circular 2022-03: Complex Lending Algorithms Cannot Excuse Failure to Provide Specific, Principal Reasons for an Adverse Credit Determination Client Alert
Beneficial Ownership Reporting Requirements: FinCEN Issues Final Rule for Implementation of Corporate Transparency ActFINRA Releases Updated Guidelines and Sanctions for Securities Rule ViolationsCrypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations Compliance
Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsENABLERS Act Proposes to Expand Definition of ‘Financial Institution’; Impose BSA/AML Requirements on Professional Service ProvidersCFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection Act Consumer Financial Services
CFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection ActDeputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Issue Consumer Financial Protection Circulars to Increase Transparency and Align Enforcement Consumer Lending
CFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection ActDeputizing State AGs: CFPB Issues Broad New Interpretive Rule on States’ Ability to Enforce Federal Consumer Protection LawsCFPB to Issue Consumer Financial Protection Circulars to Increase Transparency and Align Enforcement convertible virtual currency
Florida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateFinCEN Proposes to Extend Recordkeeping, Reporting, and Identity Verification Requirements to Certain Virtual Currency and Digital Asset TransactionsSEC Issues No-Action Letter Facilitating the Secondary Trading of Digital Assets Events
Webinar – Aug. 20: LIBOR Phaseout - Preparing for the Beginning of the EndGreenberg Traurig’s Nanette Aguirre to Speak at Florida Alternative Investment Association Global Macro Perspective 2018Greenberg Traurig Shareholders Jennifer Weddle and Gil Rudolph to Speak at 2017 Tribal Financial Regulators Conference Financial Crimes Enforcement Network
Beneficial Ownership Reporting Requirements: FinCEN Issues Final Rule for Implementation of Corporate Transparency ActCrypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsFinCEN and BIS Warn Financial Institutions About Potential Evasion of Russian and Belarusian Export Controls Financial Regulation
Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsDigital Assets: Financial Stability Oversight Council Risk Report Assesses Regulatory Gaps; Offers RecommendationsCFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection Act FINRA
FINRA Targeting Crypto Asset Retail CommunicationsFINRA Releases Updated Guidelines and Sanctions for Securities Rule ViolationsSEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities Regulations Fintech
Beneficial Ownership Reporting Requirements: FinCEN Issues Final Rule for Implementation of Corporate Transparency ActFlorida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the StateCFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to Consumers Government
Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsDigital Assets: Financial Stability Oversight Council Risk Report Assesses Regulatory Gaps; Offers RecommendationsENABLERS Act Proposes to Expand Definition of ‘Financial Institution’; Impose BSA/AML Requirements on Professional Service Providers GT Alert
Beneficial Ownership Reporting Requirements: FinCEN Issues Final Rule for Implementation of Corporate Transparency ActFINRA Releases Updated Guidelines and Sanctions for Securities Rule ViolationsCrypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations Risk
CFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to ConsumersSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting RequirementNatural Disasters are Getting Worse: Protecting Yourself from Investment and Donation Scams Seeking to Exploit Natural Disaster Relief SEC
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Issues Long-Awaited Proposed Rule on Climate DisclosuresSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting Requirement Securities and Exchange Commission
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Chair Continues Push to Regulate Digital Asset MarketsSEC Issues Proposed Cyber Rule, Including 48-Hour Breach Reporting Requirement U.S. Financial Market
SEC Seeks to Expand ‘Dealer’ or ‘Government Securities Dealer’ Definition to Require Additional Firms to Register with Agency and Comply with Federal Securities RegulationsSEC Proposes Rule Changes to Mutual Fund and Exchange Traded Fund DisclosuresInteragency Guidance for Financial Institutions on Coronavirus Disease-Related Loan Modifications Uncategorized
Crypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering ViolationsSEC Passes Long-Awaited New Rule 6c-11 to Modernize Regulation of ETFsProve It or Lose It! Parts I and II: Unexplained Wealth Orders and Civil Recovery Orders in the United Kingdom Virtual Currency
Digital Assets: Financial Stability Oversight Council Risk Report Assesses Regulatory Gaps; Offers RecommendationsRegulatory Scrutiny on the Rise of Bank and Crypto Company DealingsFlorida Gov. Signs Bill that Defines ‘Virtual Currency’ and Eases Licensing Restrictions on Certain Virtual Currency Transactions in the State white collar
ENABLERS Act Proposes to Expand Definition of ‘Financial Institution’; Impose BSA/AML Requirements on Professional Service ProvidersFinCEN Proposes Rule on Beneficial Ownership Reporting Under Corporate Transparency ActPrincipals in the Spotlight as UK’s FCA Consults on Changes to Appointed Representatives Regime
