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 banking
Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking RulesOne Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers AbroadFederal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for Banks Bankruptcy
Are Syndicated Term Loans Securities Under Reves v. Ernst & Young? 2nd Circuit Solicits SEC ViewsThe 2023 Banking Crisis: Updated Questions & Answers for Insured and Uninsured Depositors, Other Affected PartiesThe 2023 Banking Contagion: Questions & Answers for Insured and Uninsured Depositors, Other Affected Parties 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 Client Alert
Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking RulesDeadline Quickly Approaching for Newly Covered MSBs To Comply with FinCEN's Southwest Border GTOOne Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers Abroad 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 economic sanctions
US Treasury Extends Recordkeeping Requirement for Economic Sanctions Compliance to 10 YearsExpansive New Bank Secrecy Act, Sanctions Whistleblower Program: Department of Commerce InsightsCrypto Exchange Bittrex Settles $53 Million in Fines with Treasury Department for Sanctions, Anti-Money-Laundering Violations Florida
Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking RulesFlorida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor ExemptionsNew Florida Law Creates House Bill 3 Complaint, OFR Investigation Process, and Expands Applicability to Additional Financial Institutions Government
One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers AbroadNY Gov Signs Amended LLC Transparency ActNew Florida Legislation Proposes Notification Requirements for Certain Financial Institutions When They Terminate, Suspend, or Take Similar Action to ‘Restrict’ Customer Account Access Investment Regulation
Florida Amends Securities and Investor Protection Act: Key Changes to Private Placement, Institutional Investor ExemptionsFinCEN, Federal Banking Agencies Propose Rules to Amend Financial Institutions’ AML/CFT Program RequirementsSEC Cracks Down on Marketing Rule Violations: Takeaways for Investment Advisers Mortgage
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’CFPB Issues Report on Unlawful ‘Junk Fees’ Uncovered in Deposit Accounts, Multiple Loan Servicing MarketsCFPB Metrics Report Shows Increased Scrutiny of Borrower Access to Servicers, Information, and Loss Mitigation Opportunities Office of the Comptroller of the Currency
Federal Reserve and FDIC Withdraw Crypto-Asset Guidance for Banks; OCC Issues Clarification for BanksUS Fair Access and Anti-Debanking Laws: What to Expect Under the New AdministrationFederal Reserve, FDIC, and OCC Issue 2nd Joint Statement Highlighting Liquidity Risks to Banks Engaged in Crypto-Asset-Related Activities Regulatory
One Big Beautiful Bill Act - Senate Proposal Would Limit Applicability of House’s 3.5% Remittance Tax on Fund Transfers AbroadWith an Eye Toward Modernization, FINRA Requests Comment on Its Regulatory Requirements for Members and Associated PersonsCTA UPDATE: Enforcement Remains Suspended Despite U.S. Supreme Court Granting Stay of Preliminary Injunction U.S. Financial Market
Federal Reserve Rate Cut Prompts Demand for Derivative Hedging SolutionsSEC 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 Disclosures
