Silicon Valley Bank (SVB), the U.S.’s 16th largest bank, was closed on Friday, March 10, 2023, by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation...more
Silicon Valley Bank (SVB), the U.S.’s 16th largest bank, was closed on Friday, March 10, 2023, by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation...more
Silicon Valley Bank (SVB), the US’s 16th largest bank, was closed on Friday, March 10, 2023, by the California Department of Financial Protection and Innovation which appointed the Federal Deposit Insurance Corporation (FDIC)...more
On Thursday, April 2, 2020, the Small Business Administration (SBA) released the Interim Final Rule (Rule) under the CARES Act (Act) Paycheck Protection Program (PPP). Included in the Rule are the highly anticipated details...more
Lehman Brothers’ collapse a decade ago changed the financial services industry and brought about stronger regulation around the world. Now efforts to relax those regulations have emerged in both the US and UK – amid a turn...more
On September 30, 2018, California’s Governor signed into law Senate Bill No. 1235, requiring consumer-like disclosures to be provided to recipients of certain business-purpose financial services products (“commercial...more
The New York State Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR Part 500) came into effect March 1, 2017...more
8/30/2018
/ Banking Sector ,
Chief Information Security Officer (CISO) ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Data Retention ,
Financial Institutions ,
Financial Services Industry ,
Information Technology ,
Insurance Industry ,
NYDFS ,
Personally Identifiable Information ,
Popular ,
Risk Management
Virtually all industries are being reshaped with the use of Artificial Intelligence and advanced machine-learning.
Everything from healthtech to self-driving vehicles, to education and smart homes, drones and space, social...more
4/4/2018
/ Antitrust Provisions ,
Artificial Intelligence ,
Asia Pacific ,
Connected Cars ,
Connected Items ,
Drones ,
Ethics ,
Export Controls ,
FinTech ,
Intellectual Property Protection ,
Life Sciences ,
Outer Space ,
Popular ,
Regulatory Oversight ,
Robotics ,
Satellites ,
Smart Devices ,
Unmanned Aircraft Systems
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
4/13/2017
/ Authentication ,
Banking Sector ,
BSA/AML ,
CCPs ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Interchange Fees ,
MLD4 ,
Mobile Payments ,
Money Laundering ,
Money Transfer ,
Payment Systems ,
PSD2 ,
RTS ,
UK Payment Systems Regulator
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
3/7/2017
/ Agricultural Sector ,
Court of Justice of the European Union (CJEU) ,
EU ,
Farms ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Interchange Fees ,
MasterCard ,
Payment Systems ,
PSD ,
PSD2 ,
RTS ,
SEPA ,
Technology ,
UK
A number of community banks have recently received an unpleasant delivery: a demand letter from a law firm stating the bank is not in compliance with the Americans with Disabilities Act (the ADA) and suggesting a proposed...more
2/17/2017
/ Americans with Disabilities Act (ADA) ,
Attorney's Fees ,
Demand Letter ,
Department of Justice (DOJ) ,
Disability Discrimination ,
Injunctive Relief ,
Public Accommodation ,
Settlement Agreements ,
Technology ,
Title III ,
Web Content Accessibility Guidelines (WCAG) ,
Website Accessibility ,
Website Owner Liability ,
Websites
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
1/18/2017
/ Africa ,
Banking Sector ,
Banks ,
Blockchain ,
BSA/AML ,
Consumer Financial Products ,
Credit Cards ,
EU ,
European Banking Authority (EBA) ,
Facebook ,
Financial Fraud ,
Financial Institutions ,
Financial Markets ,
FinTech ,
France ,
Germany ,
India ,
Indonesia ,
Italy ,
Malaysia ,
MasterCard ,
Mobile Apps ,
Mobile Banking ,
Money Transfer ,
Payment Services Directive ,
Popular ,
Prepaid Payment Products ,
PSD2 ,
Regulatory Oversight ,
Reporting Requirements ,
RTS ,
Scams ,
Stock Exchange ,
Technology ,
Third-Party ,
UK ,
Visa Inc ,
Western Union
In December 2016, Thomas Curry, the Comptroller of the Currency, stated that cybersecurity was the single greatest systemic threat to our financial system. He was not being hyperbolic.
Cybersecurity should be on...more
1/13/2017
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Banking Sector ,
Banks ,
Community Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Cyber Attacks ,
Cybersecurity ,
Cybersecurity Framework ,
Data Security ,
FDIC ,
Federal Reserve ,
FFIEC ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
NCUA ,
NYDFS ,
OCC ,
Popular ,
Risk Management ,
Security Standards
On December 20, the OCC issued its Final Rule on receiverships for uninsured national banks which implements the National Bank Act’s statutory framework for uninsured bank resolution....more