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The Volkov Law Group

Episode 415: DOJ’s Massive $550 Million Tariff Evasion Settlement

The Volkov Law Group on

The Department of Justice’s $549.5 million False Claims Act settlement with Perfectus Aluminum marks one of the largest customs fraud recoveries in recent years and signals an aggressive new era of tariff enforcement. In this...more

Thomas Fox - Compliance Evangelist

Great Women in Compliance: Compliance Week 2026 Highlights with Nick Gallo

Team #GWIC and the #GWICfam were out in full force at the 2026 Compliance Week conference in Washington, DC. Nick Gallo, a Great Gentleman in Compliance, was gracious enough (or agreed when he was “voluntold”) to be our...more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - ILPA Takes Aim at Fund Formation Legal Fees

Fund formation legal fees are fundamentally misaligned, requiring LPs to shoulder fund formation costs without input into the selection of counsel, the setting of the legal budget, and cost controls, according to ILPA...more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - Article 21c of CRD VI: LMA Issues Practical Guidance on Cross-Border Corporate...

This week the Loan Market Association (“LMA”) published a paper on the introduction of Article 21(c) of the EU’s Capital Requirements Directive1 (Article 21c) (the LMA Paper). With effect from 11 January 2027, Article 21c...more

Mayer Brown

Legal Developments in Construction Law: May 2026

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1. PROFESSIONAL NEGLIGENCE OF INDEPENDENT MONITORING SURVEYORS, DUTIES OWED AND ASSESSMENT OF DAMAGES - The recent case of Eiger Funding (PCC) Limited v Ridge and Partners LLP [2026] EWHC 609 (TCC) provides important...more

Arnall Golden Gregory LLP

Hot Potato: The OCC and Courts Battle Out the Fate of the Illinois Interchange Fee Prohibition Act

On April 29, 2026, the OCC, a division of the federal Department of the Treasury that regulates nationally chartered banks, issued an interim final rule and order declaring that federal law preempts Illinois’ hotly contested...more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - Key Takeaways From the Loan Market Association's (LMA) Inaugural Fund Finance...

Members of our London Fund Finance team attended the Loan Market Association’s (LMA) inaugural Fund Finance Conference on 13 May 2026. The event was a success with strong attendance from across the fund finance industry....more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - Bank Call Reports Validate Our Growth Thesis

The first round of U.S. quarterly bank call reports for 2026 provided several notable datapoints for fund finance lenders: C&I bank may be entering a durable uptrend as banks regain share from private credit and...more

Baker Donelson

Chapter 11 is Not a Spectator Sport

Baker Donelson on

A recent decision from the U.S. Bankruptcy Court for the District of South Carolina, found here, delivers a clear and practical warning for lenders, special assets teams, and other creditors: if you want a Chapter 11 plan...more

Cadwalader, Wickersham & Taft LLP

Speed, Scale and Regulatory Innovation, May 2026 - “Promptly” in Subscription Credit Facilities: You Better Be Quick About It

Efficiency, flexibility and speed are core features of subscription credit facilities. Because subscription credit facilities operate on a fast‑paced timeline, notice periods are intentionally short and precise. This...more

Alston & Bird

The California Financial Protection Bureau? California Moves to Fill the CFPB Void

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What Happened? On May 12, 2026, California Governor Gavin Newsom announced the appointment of former Consumer Financial Protection Bureau (“CFPB”) Director Rohit Chopra as Secretary of the newly created California Business...more

Alston & Bird

Fintech Case Files | May 2026

Alston & Bird on

The latest edition of the Fintech Case Files, our roundup of key litigation and enforcement involving the payments and fintech industries, features the latest challenges and uncertainty around Illinois’s Interchange Fee...more

Mayer Brown Free Writings + Perspectives

Petition Requests Amendments to “Qualified Purchaser” and “Qualified Institutional Buyer” Definitions

On May 1, 2026, the Private Investor Coalition, Inc. (“PIC”) submitted a rulemaking petition to the Securities and Exchange Commission (the “SEC”) requesting amendments to the definitions of “qualified purchaser” (as defined...more

Wiley Rein LLP

[Podcast] Keyboard Cartel: The Carbanak Story

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What if the most dangerous criminals didn’t smash their way in – but quietly embedded themselves and learned the system from the inside? In this episode of Wicked Coin, hosts Diana Shaw and Tatiana Sainati are joined by Lyn...more

Pillsbury - Global Trade & Sanctions Law

New Cuba Executive Order Creates an IEEPA-Based Sanctions Program and Secondary Sanctions Risk

On May 1, 2026, President Trump issued Executive Order (EO) 14404, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy,” authorizing sanctions...more

Sheppard

Chopra’s Back: California Appoints Former CFPB Director to Lead New Business and Consumer Services Agency

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On May 12, California Governor Gavin Newsom announced the appointment of former CFPB Director Rohit Chopra as Secretary of California’s newly created Business and Consumer Services Agency (BCSA), which is scheduled to launch...more

Sheppard

Maryland Prohibits Tipping in Earned Wage Access Programs

Sheppard on

On April 28, Maryland enacted SB 94, which revises the state’s earned wage access (EWA) framework and amends tipping provisions under Maryland’s Consumer Loan Law and Secondary Mortgage Loan Law. The law prohibits lenders and...more

Sheppard

Minnesota Prohibits Virtual Currency Kiosks

Sheppard on

On May 5, Minnesota Governor Tim Walz signed SF 3868 into law, prohibiting virtual currency kiosks in the state. The law repeals Minnesota’s existing virtual currency kiosks regulatory framework and replaces it with an...more

Sheppard

Stablecoin Yield Saga: Senate Compromise Signals Path Forward for CLARITY Act

Sheppard on

On May 1, Senators Angela Alsobrooks and Thom Tillis finalized compromise language addressing Stablecoin yield and rewards in the Senate’s ongoing CLARITY Act negotiations. The compromise is intended to resolve one of the key...more

Thomas Fox - Compliance Evangelist

AI in Healthcare: Five Healthcare AI Stories You Need to Know This Week - May 15, 2026

Welcome to AI in Healthcare in 5 Stories. This podcast is a Weekly Briefing of the five most important AI developments shaping healthcare, medicine, and life sciences. Each week, Tom Fox breaks down the latest stories on...more

Sheppard

Federal Reserve Updates Supervisory Operating Principles

Sheppard on

On April 30, the Board of Governors of the Federal Reserve System released an Updated Statement of Supervisory Operating Principles for Federal Reserve supervisory staff. The updated statement supplements and supersedes the...more

Sheppard

Massachusetts Division of Banks Resolves Alleged Unlicensed Loan Servicing Activity

Sheppard on

On May 5, 2026, the Massachusetts Division of Banks announced a settlement resolving allegations that a fintech company engaged in third-party loan servicing activity in Massachusetts without the registration required under...more

Latham & Watkins LLP

OCC Preempts Illinois Interchange Fee Law

Latham & Watkins LLP on

The OCC issued two interim final actions preempting the Illinois Interchange Fee Prohibition Act, causing the Seventh Circuit to vacate and remand related proceedings to the district court....more

Eversheds Sutherland (US) LLP

What a Senate rule change for predictive trading portends for the private sector

As a harbinger of increasing scrutiny over those who operate and trade on prediction markets, on Thursday, April 30, 2026, Senator Bernie Moreno (R-OH) introduced S. Res. 708, “A resolution amending rule XXXVII of the...more

Goodwin

Horizon Scan for Private Investment Funds: Recent Developments and What to Look Out For - May 2026

Goodwin on

This horizon scan highlights the principal legal and regulatory developments (excluding tax) that European managers should monitor over the coming months. In our full analysis, we have grouped topics under headings, commented...more

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