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Finance & Banking Updates

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Blank Rome LLP

The Department of Labor’s Proposed Safe Harbor for Alternative Investments in 401(k) Plans

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The U.S. Department of Labor (“DOL”) proposed a landmark regulation on March 30, 2026, that could fundamentally reshape the investment landscape for America's 401(k) plans. The proposed rule, titled “Fiduciary Duties in...more

Cogency Global

[Webinar] Avoiding Fatal Debtor Name Mistakes on UCC Financing Statements - June 23rd, 1:00 pm - 2:15 pm ET

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Under Article 9 of the Uniform Commercial Code, even minor errors in a debtor name, such as spacing, punctuation, abbreviations, or name order, may result in a seriously misleading and therefore legally insufficient financing...more

A&O Shearman

Navigating the evolving U.S. national security investment landscape

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The U.S. national security regulatory framework governing cross-border investment continues to evolve and has bipartisan political support. From the modernization of the Committee on Foreign Investment in the United States...more

A&O Shearman

CMORG guidance on frontier AI and cyber resilience

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The Cross Market Operational Resilience Group (CMORG) has published guidance on frontier AI and cyber resilience for financial institutions. The guidance highlights that advanced AI systems are accelerating the speed, scale...more

Ballard Spahr LLP

Banking agencies update interagency documents to remove reputational risk references

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The Federal Reserve Board, FDIC and OCC have jointly updated interagency documents to delete references to reputational risk. The agencies took this action to complement their earlier actions to end the use of...more

Paul Hastings LLP

Federal Banking Agencies Strip Reputation Risk From Guidance, CFTC Vacates Prior Digital Asset Consent Order and Moves Forward on...

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The Federal Reserve, FDIC and OCC jointly reissued interagency guidance documents to further remove references to reputation risk, part of a broader supervisory effort to address debanking that has featured prominently in the...more

A&O Shearman

EC adopts Delegated Regulation on market risk prudential requirements for EU banks

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The European Commission (EC) has adopted a Delegated Regulation proposing targeted amendments to the EU prudential framework for banks' market risk, specifically the Fundamental Review of the Trading Book (FRTB) under the...more

IR Global

Resilience in Uncertainty: How Italian SMEs Can Navigate Geopolitical Volatility in 2026

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The global business environment in 2026 is characterised by a level of uncertainty that many companies have not experienced in decades. Geopolitical tensions and instability in strategic regions have led to disruptions to...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: June 9, 2026, The Big Bang Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

Cadwalader, Wickersham & Taft LLP

OCC & Northern District Preempt IL IFPA

The Office of the Comptroller of the Currency (OCC) has begun to issue preemption determinations again for the first time since the Dodd-Frank Act went into effect in 2011, a development we explored in our most recent issue...more

Mayer Brown

Cyber Risk: How UK and EU Banks Will Navigate Incident Reporting Under EU DORA and New FCA Requirements

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Cyber risk in the regulated financial services sector often crosses legal entities and geographies as banking groups typically share IT infrastructure and outsourcing arrangements. In March this year, the UK regulators (Bank...more

Mayer Brown

CFPB Sued Over Fair Lending Rule Under Equal Credit Opportunity Act

Mayer Brown on

A set of nonprofit and for-profit organizations filed suit against the Consumer Financial Protection Bureau (“CFPB”) and its Acting Director Russell Vought, asking the court to vacate the CFPB’s final rule amending the...more

Mayer Brown Free Writings + Perspectives

A New Day, A New Plan: SEC Publishes Draft Strategic Plan for FY2026-FY2030

On June 2, 2026, the U.S. Securities and Exchange Commission (the “SEC”) published its Draft Strategic Plan for fiscal years 2026-2030, formally incorporating Chair Paul Atkins’ deregulatory and innovation-focused vision into...more

Alston & Bird

Fannie Mae Issues Governance Framework on Use of Artificial Intelligence and Machine Learning

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What Happened? In a little-noticed, but important development, on April 8, 2026, Fannie Mae issued a governance framework for Fannie Mae Seller/Servicers’ use of artificial intelligence (AI) and/or machine learning (ML) in...more

Alston & Bird

Between Debt and Equity: The UK High Court Clarifies Convertible Noteholders’ Standing to Seek an Administration Order

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Our Financial Restructuring & Reorganization Group examines a recent UK High Court decision clarifying the standing requirements for creditors seeking administration orders, including holders of convertible loan notes whose...more

Carlton Fields

Small Savers, Big Future: Our Journey to TrumpIRA.gov

Carlton Fields on

To understand Executive Order 14403, titled “Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov,” issued by President Trump on April 30, 2026, it is helpful to understand the government’s...more

Sheppard

FTC Obtains $6.5 Million Contempt Sanction Against Payment Processor

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On May 19, the FTC announced that the U.S. District Court for the District of Nevada held a payment processor and two of its executives in civil contempt for allegedly violating a 2015 order governing the company’s payment...more

BakerHostetler

Weekly Blockchain Blog - June 2026 #2

BakerHostetler on

U.S. Financial Services Firms Announce Stablecoin Products - A U.S. national bank, SoFi, recently announced that it is the first to offer a “U.S. national bank-issued stablecoin [that] is available directly on a banking...more

A&O Shearman

UK Pensions: What’s new this week? - June 2026 # 2

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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Abolition of lifetime allowance: further clarificatory...more

Orrick, Herrington & Sutcliffe LLP

NYDFS and European Banking Authority agree to share stablecoin supervisory information

On June 2, NYDFS announced that it had signed a memorandum of understanding (MOU) with the European Banking Authority (EBA) to foster cross-border cooperation on stablecoin supervision, including the sharing of confidential...more

Orrick, Herrington & Sutcliffe LLP

FDIC proposes BSA/AML and sanctions compliance standards for stablecoin issuers under the GENIUS Act

On May 22, the FDIC Board of Directors approved an NPRM that would implement BSA/AML and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) as required by the GENIUS Act....more

Orrick, Herrington & Sutcliffe LLP

Vermont enacts coerced debt protections and authorizes bank transaction holds to combat financial exploitation

On May 20, Vermont Governor Phil Scott signed H.385 into law, establishing protections and remedies for victims of “coerced debt” and authorizing banks and credit unions to take protective action against suspected financial...more

Davidoff Hutcher & Citron LLP

The Clean Exit

Here is the situation I see again and again. A business owner took out an SBA COVID EIDL loan to survive the pandemic. The loan was large enough to require a personal guarantee....more

Eversheds Sutherland (US) LLP

Additional Section 892 proposed regulations to provide transitional relief

In December 2025, Treasury and the IRS issued proposed regulations under Code section 892 (Prior Proposed Regulations) addressing the taxation of foreign government investment income in the United States. Key provisions...more

Sheppard

Federal Court Expands Injunction Against Illinois Interchange Fee Law Following OCC Action

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On June 1, the U.S. District Court for the Northern District of Illinois issued a Memorandum Opinion and Order revisiting its February 2026 ruling concerning the Illinois Interchange Fee Prohibition Act (IFPA). The court...more

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