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Alston & Bird

When is a Crypto Interface a Broker? SEC Staff Draws a Functional Line

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Our Investment Funds and Financial Services teams review the Securities and Exchange Commission statement addressing when crypto trading interfaces may fall within the definition of a broker under federal securities laws....more

Eversheds Sutherland (US) LLP

Highlights from the NAIC Spring 2026 National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2026 Spring National Meeting from March 22-25 in San Diego, California. As has become the norm, a number of relevant NAIC working groups and task forces met...more

Holland & Knight LLP

FinCEN and OFAC Propose AML/Sanctions Rules for Stablecoin Issuers Under GENIUS Act

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The Financial Crimes Enforcement Network (FinCEN) and U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) on April 8, 2026, jointly published a Notice of Proposed Rulemaking (Proposed Rule) implementing...more

Eversheds Sutherland (US) LLP

SEC shortens tender offer windows for certain offerings

On April 16, 2026, the US Securities and Exchange Commission (SEC) Division of Corporation Finance (Division) issued exemptive relief relating to tender offers of equity securities that would shorten the minimum offering...more

BCLP

CP26/13: The FCA Sharpens the Cryptoasset Regulatory Perimeter

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As crypto moves from the margins to the mainstream of the UK financial system, regulatory uncertainty is giving way to structured supervision, authorisation and enforcement. ...more

Troutman Pepper Locke

State AGs Turn Up the Heat on Payment Processors Over Unauthorized E‑Cigarette Sales

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On April 14, Iowa Attorney General (AG) Brenna Bird, leading a coalition of 13 state AGs, sent a pointed letter to Visa, Mastercard, American Express, and Discover. Their message was clear: payment networks are expected to...more

McGuireWoods LLP

Healthcare & Life Sciences Private Equity Deal Tracker: Sterling Group Acquires Healthcare Linen Services Group From York Private...

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The Sterling Group has announced its acquisition of Healthcare Linen Services Group (HLSG) from York Private Equity. HLSG, founded in 2009 and based in St. Charles, Illinois, is a provider of healthcare laundry services...more

A&O Shearman

SRB response to EC consultation on the competitiveness of the EU banking sector

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The Single Resolution Board (SRB) has published its response to the European Commission's (EC) targeted consultation on the competitiveness of the EU banking sector. The SRB emphasises that while the banking union has...more

Blake, Cassels & Graydon LLP

Confirmation de baux : Considérations clés relatives aux certificats de préclusion signés par les locataires

Les certificats de préclusion signés par les locataires jouent un rôle essentiel dans les opérations immobilières commerciales en permettant aux acheteurs et aux prêteurs d’obtenir directement d’un ou des locataires concernés...more

Jones Day

U.S. Banking Agencies Propose Sweeping Overhaul of Capital Framework - Part II: Category III and IV Banking Organizations

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On March 19, 2026, the Federal Reserve, the Office of the Comptroller of the Currency ("OCC"), and the Federal Deposit Insurance Corporation ("FDIC") proposed revisions to the standardized approach for risk-weighted assets...more

Ballard Spahr LLP

OFAC Issues Advisory Warning on Sham Transactions

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On March 31, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an advisory on sham transactions, highlighting the compliance risks financial institutions must navigate when...more

Blank Rome LLP

What Cannabis Lenders Think Rescheduling Will Mean for Capital Markets

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The prospect of federal rescheduling of cannabis has the lending community buzzing. We recently sat down with Alex Mazza, Director of Underwriting at Chicago Atlantic Group, as well as Michelle Haughton and Bobby Boyda of...more

Troutman Pepper Locke

CFPB Finalizes Regulation B Subpart A Rule Largely as Proposed

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On April 22, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its final rewrite of Subpart A of Regulation B (Reg B) under the Equal Credit Opportunity Act (ECOA), which eliminates disparate impact from...more

Troutman Pepper Locke

CFPB’s Draft 2026–2030 Strategic Plan

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On March 13, the Consumer Financial Protection Bureau (CFPB or Bureau) released its draft Strategic Plan for FY 2026–2030 and accepted public comment through April 17. The plan, required under the Government Performance and...more

Hogan Lovells

High Court confirms only certain actions in tort are available when seeking to recover crypto assets

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Following the enactment, in December 2025, of the Property (Digital Assets etc) Act 2025 (the “Act”), the High Court handed down a judgment on 10 March 2026 in which Mr Justice Cotter confirmed the Law Commission's...more

Troutman Pepper Locke

Federal Banking Agencies Issue Revised Model Risk Management Guidance for Large Banking Organizations

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On April 17, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Federal Reserve), and Federal Deposit Insurance Corporation (FDIC) (collectively, the federal agencies)...more

White & Case LLP

Structured equity: A practical guide for investors

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As private markets continue to mature, structured equity has moved firmly into the mainstream. Whether used in growth capital deals, buyouts, or real estate transactions, it offers investors a compelling middle ground between...more

Blake, Cassels & Graydon LLP

Rôle des certificats de préclusion signés par les locataires dans le cadre de transactions immobilières

Introduction - Les certificats de préclusion signés par les locataires jouent un rôle essentiel dans les transactions immobilières. Que vous soyez un acheteur, un prêteur ou un locataire, il est probable que vous ayez déjà...more

Jones Day

SEC Staff Carves Out a Path: Crypto Interface Providers May Not Be Broker-Dealers

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On April 13, 2026, the Staff of the SEC's Division of Trading and Markets issued guidance (the "Guidance") setting out the conditions under which providers of covered user interfaces ("CUIs"), including DeFi front ends and...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – April 21, 2026

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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week....more

White & Case LLP

Greater flexibility for leveraged lending? Current supervisory approaches in the EU, the US and the UK

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In the aftermath of the financial crisis bank supervisors increased their scrutiny of leveraged lending by banks due to the high-risk profile of such loans. In 2013/2014, the US supervisors took a prescriptive approach, inter...more

A&O Shearman

ESMA official translations of guidelines on the submission of periodic information

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The European Securities and Markets Authority (ESMA) has published a webpage with official translations of its guidelines on the periodic information that benchmark administrators, credit rating agencies (CRAs), data...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Coverage Test Is Trying to Tell You Something

Recurring 410(b) failures are rarely random. When a plan consistently struggles with coverage testing, it’s not bad luck. It’s structural....more

A&O Shearman

EBA report on recovery plans dry runs

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The European Banking Authority (EBA) has published a report analysing the recovery plan submissions of 16 European cross-border banking groups, whose parent institutions are located in ten different EU countries, with a...more

Dinsmore & Shohl LLP

Cybersecurity Risks Related to the Iran War

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Armed conflicts today are rarely confined to physical battlefields. Increasingly, geopolitical tensions spill into cyberspace, where state-sponsored hackers, proxy groups and opportunistic cybercriminals conduct operations...more

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