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Orrick, Herrington & Sutcliffe LLP

New York City announces June 1 hearing on debt collection rule, proposed penalty schedule

On May 1, the New York City Department of Consumer and Worker Protection (DCWP) published a notice of public hearing and a proposed rule to amend the penalty schedule for debt collectors. The proposed amendments would update...more

Orrick, Herrington & Sutcliffe LLP

FDIC oversees deposit transfer after Georgia regulator takes possession of state-chartered bank

On May 1, the Georgia Department of Banking and Finance announced that it took possession of a state-chartered bank in LaGrange, Georgia, citing its authority under O.C.G.A. § 7-1-150(a), and that the FDIC was appointed...more

A&O Shearman

ESMA consults on a new approach to updating MMF stress test parameters

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The European Securities and Markets Authority (ESMA) has launched a consultation on a new approach to updating the parameters for stress test scenarios under the Money Market Funds (MMF) Regulation. Under the MMF Regulation,...more

Hogan Lovells

ESMA provides clarity on prospectus requirements following delay to the application of Listing Act changes

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ESMA has published its long-awaited public statement providing guidance to market participants on the legal requirements for prospectuses in view of the anticipated delay to the application of the Delegated Act. The Delegated...more

Thomas Fox - Compliance Evangelist

AI Today in 5: May 11, 2026, The AI Notetakers Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5....more

A&O Shearman

ESMA publishes findings from its CSA on MiFID II sustainability aspects

A&O Shearman on

The European Securities and Markets Authority (ESMA) has published a statement setting out the results of its common supervisory action (CSA) with national competent authorities on the integration of sustainability in firms'...more

Orrick, Herrington & Sutcliffe LLP

Court rules in favor of furnisher in FCRA identity theft dispute

On April 13, the U.S. District Court for the Eastern District of New York granted summary judgment in favor of the defendant and dismissed a plaintiff’s claims alleging negligent and willful violations of the FCRA’s §...more

BCLP

SEC and CFTC Propose Significant Rollback of Form PF Reporting Requirements

BCLP on

On April 20, 2026, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) jointly proposed amendments to Form PF, the confidential reporting form filed by certain SEC-registered...more

Hogan Lovells

HL UK Pensions Law Digest 11 May 2026

Hogan Lovells on

A bite-sized summary of recent UK pension news Welcome to our latest update, in which we cover: National Insurance Contributions (Employer Pensions Contributions) Act 2026 As expected, the legislation to apply National...more

Orrick, Herrington & Sutcliffe LLP

Parties file supplemental briefs addressing OCC’s preemption actions in 7th Circuit Illinois interchange fee prohibition appeal

On May 6, the parties filed simultaneous supplemental briefs in litigation challenging the Illinois Interchange Fee Prohibition Act (IFPA), which remains on appeal before the 7th Circuit, while the OCC and merchant trade...more

Orrick, Herrington & Sutcliffe LLP

Virginia enacts Uniform Consumer Debt Default Judgments Act

On April 8, Virginia enacted the Uniform Consumer Debt Default Judgments Act (H 444), which, effective July 1, 2027, establishes new pleading and disclosure requirements on plaintiffs seeking default judgments in consumer...more

Orrick, Herrington & Sutcliffe LLP

Virginia enacts law requiring financial institutions to exempt benefit payments, $1,000 balance from garnishment

On April 13, Virginia enacted Chapter 638 (S 301), amending the state’s garnishment statutes to establish new account-balance protections and automatic exemptions for certain benefit payments. The law requires financial...more

Thomas Fox - Compliance Evangelist

FCPA Compliance Report: Report from Compliance Week 2026 on AI Sessions

In this episode, Tom Fox takes a solo turn behind the mic to report on the AI tracks from the recently concluded Compliance Week 2026 conference. He highlights two AI tracks: practical “creative” uses, including live...more

Katten Muchin Rosenman LLP

Federal Court Blocks Arizona From Enforcing Gambling Laws Against Prediction Markets

A federal court has blocked Arizona from enforcing its state gambling laws against prediction markets. In an order issued on May 5, 2026, the US District Court for the District of Arizona granted a preliminary injunction — a...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: May 11, 2026, The Tainted by Corruption or Collusion 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

Thomas Fox - Compliance Evangelist

Sunday Book Review: May 10, 2026, The Top Books on AI Governance Edition

In the Sunday Book Review, Tom Fox considers books that would interest compliance professionals, business executives, or anyone curious. It could be books about business, compliance, history, leadership, current events, or...more

Mayer Brown

CFPB Issues Final Section 1071 Rule on Small Business Lending Data Collection

Mayer Brown on

On May 1, 2026, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued its final rule substantially revising subpart B of Regulation B, which implements section 1071 of the Dodd-Frank Wall Street Reform and...more

Cadwalader, Wickersham & Taft LLP

New Frontiers in Fund Finance: Strategy, Regulation and Liquidity, May 2026 - Central Bank of Ireland Removes Prohibition on Irish...

Ireland is widely recognised as a leading domicile in which to establish investment funds. The most common Irish-regulated fund structures used in fund finance transactions are: (i) Irish collective asset-management vehicles...more

Stikeman Elliott LLP

Canada, Cuba, and New U.S. Sanctions

Stikeman Elliott LLP on

On May 1, 2026 the White House announced a new executive order titled Imposing Sanctions On Those Responsible For Repression In Cuba And For Threats To United States National Security And Foreign Policy which asserts that the...more

Mayer Brown

United States Targets Dealings of Foreign Companies and Financial Institutions with Cuba

Mayer Brown on

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

Mayer Brown Free Writings + Perspectives

Do Crypto User Interface Providers Need to Register as Broker-Dealers with the SEC? The Staff Offers Its View

The Staff of the Division of Trading and Markets (the “Staff”) of the Securities and Exchange Commission (the “SEC” or the “Commission”) recently issued a statement (the “Statement”) providing its views on the application of...more

Alston & Bird

SEC Proposes Optional Semiannual Reporting Framework for Public Companies

Alston & Bird on

Our Securities Group examines the Securities and Exchange Commission’s proposal to give public companies greater flexibility in how often they report financial results, offering an alternative framework that could reduce...more

Alston & Bird

Implementation of the GENIUS Act’s ‘Substantially Similar’ Regulatory Framework: Treasury’s Proposed Broad-Based Principles

Alston & Bird on

The Treasury has proposed principles that detail how state regulatory frameworks for payment stablecoin issuers must align with federal GENIUS Act standards. Our Financial Services Group breaks down how federal- and...more

Polsinelli

SEC Increases Qualified Client Thresholds for Performance Fee Arrangements

Polsinelli on

Key Takeaways: The SEC has increased the qualified client thresholds under Rule 205-3 effective June 29, 2026, raising the assets-under-management test to $1.4 million and the net worth test to $2.7 million. The changes...more

Vinson & Elkins LLP

Powering Progress | Ep. 3 – The Fuel Behind the Future: How AI Gets Its Power

Vinson & Elkins LLP on

Welcome back to Powering Progress, our series examining the infrastructure challenges behind the rapid expansion of AI and data center development. As demand for computing power grows, so does the need for reliable and...more

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