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ArentFox Schiff

Nasdaq Raises the Bar on SPAC Listing Standards

ArentFox Schiff on

Nasdaq has significantly raised the financial bar for special purpose acquisition company (SPAC) listings. Effective May 15, the minimum market value listing threshold increases to $100 million on the Global Market and $75...more

Holland & Knight LLP

Emergencia climática: Se adoptan medidas para otorgar alivios financieros en Colombia

Holland & Knight LLP on

El Gobierno Nacional de Colombia declaró el estado de emergencia económica, social y ecológica, con vigencia desde el 11 de febrero de 2026 hasta el 11 de marzo de 2026, como consecuencia de los eventos climáticos ocurridos...more

BakerHostetler

Weekly Blockchain Blog - May 2026 #2

BakerHostetler on

Stablecoin Products Launch in U.S. and Abroad - The digital asset subsidiary of a major U.S. fintech and payments firm and a major U.S. financial services company recently announced “a new card-issuing product” that will...more

Troutman Pepper Locke

HUD Signals Narrower Fair Housing Act Enforcement Focus, Heightened Scrutiny of Special Purpose Credit Programs

Troutman Pepper Locke on

On May 5, Craig Trainor, Assistant Secretary for the Office of Fair Housing and Equal Opportunity (FHEO) at the U.S. Department of Housing and Urban Development (HUD), used the American Bankers Association’s Risk and...more

Ice Miller

Betting on Borrowed Money: Why States Are Eliminating Credit Cards from Sports Wagering

Ice Miller on

The rapid expansion of legalized sports betting across the United States has triggered a debate among regulators: should consumers be allowed to sports wager using borrowed money?...more

Morrison & Foerster LLP

New Cuba Sanctions Broaden Targeting Authorities—and Risk to Foreign Financial Institutions

On May 1, 2026, the Trump Administration escalated U.S. sanctions on Cuba by issuing Executive Order (E.O.) 14404, which, in part: (i) provides broad authority to designate parties determined to participate in key sectors of...more

BakerHostetler

The Weekly Hill Update - May 2026

BakerHostetler on

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

Husch Blackwell LLP

SEC Proposes Optional Semiannual Reporting for Public Companies

Husch Blackwell LLP on

On May 5, 2026, the U.S. Securities and Exchange Commission (SEC) proposed rule and form amendments that would allow Securities Exchange Act of 1934 (Exchange Act) reporting companies to file semiannual reports on a new Form...more

Orrick, Herrington & Sutcliffe LLP

Democratic senators challenge SEC interpretive guidance on application of securities laws to digital assets

On April 27, Sen. Elizabeth Warren (D-MA) and Sen. Chris Van Hollen (D-MD) announced that they had sent a letter to the SEC chairman raising concerns about recent SEC interpretive guidance that the senators contend would...more

Cozen O'Connor

SEC Proposes Semiannual Reporting for Public Companies

Cozen O'Connor on

The U.S. Securities and Exchange Commission (SEC) proposed a suite of rule amendments on May 5, 2026, that would permit public companies to optionally file one semiannual report each year on a new Form 10-S to fulfill interim...more

Skadden, Arps, Slate, Meagher & Flom LLP

Japan Proposes Amendments to Supervisory Guidelines Concerning Reinsurance

On April 8, 2026, the Japanese Financial Services Agency (JFSA) published a proposed amendment to its Comprehensive Guidelines for Supervision of Insurance Companies, adding new provisions specifically targeting reinsurance....more

Cooley LLP

CFPB Finalizes Narrower Version of Section 1071 Small Business Lending Rule

Cooley LLP on

The Consumer Financial Protection Bureau (CFPB) finalized its long‑awaited rule implementing Section 1071 of the Dodd‑Frank Act, a rulemaking designed to address funding gaps facing women-owned, minority-owned and small...more

Dorsey & Whitney LLP

SEC Increases Qualified Client Thresholds for Charging Performance Fees

Dorsey & Whitney LLP on

On April 28, 2026, the Securities and Exchange Commission (“SEC”) issued a final order (the “Order”) increasing the dollar amount thresholds to be a “qualified client” under Rule 205-3 under the Investment Advisers Act of...more

Bradley Arant Boult Cummings LLP

SEC Proposes Optional Semiannual Reporting: Key Considerations for Public Companies

On May 5, 2026, the U.S. Securities and Exchange Commission (SEC) formally proposed a rule that would give public companies the option to file interim financial reports on a semiannual rather than quarterly basis as currently...more

Orrick, Herrington & Sutcliffe LLP

SEC Proposes Amendments to Permit Semiannual Reporting by Reporting Companies

On May 5, 2026, the Securities and Exchange Commission (the SEC or Commission) proposed amendments (fact sheet) that would permit U.S. reporting companies under the Securities Exchange Act of 1934 (the Exchange Act) to elect...more

Mayer Brown

NAIC Working Group Continues to Discuss Proposed Changes to RBC Factors for CLOs

Mayer Brown on

Since our March 2, 2026 Legal Update, NAIC Working Group Receives Progress Report from the American Academy of Actuaries on RBC for CLOs, the NAIC Risk-Based Capital Investment Risk and Evaluation (E) Working Group (the “RBC...more

Orrick, Herrington & Sutcliffe LLP

Oregon creates tax credit for new state-chartered de novo banks

Oregon’s governor recently signed into law HB 4052, establishing a new tax credit for de novo banks chartered in the state effective June 5. The law defines a “de novo bank” as a depository institution under 12 U.S.C. 1813(c)...more

Morgan Lewis

New Executive Order Threatens Sanctions Against Non-US Persons Doing Business with Cuba

Morgan Lewis on

The White House’s new executive order substantially expands the scope of an already comprehensive sanctions framework on Cuba, authorizing sanctions on non-US persons doing business with Cuba, as well as non-US...more

Orrick, Herrington & Sutcliffe LLP

Massachusetts fines earned wage access provider $1.9M for alleged unlicensed third-party loan servicing

On May 5, the Massachusetts Division of Banks (DOB) entered into a settlement with an earned wage access provider that allegedly operated as a third-party loan servicer in the state without the required registration since at...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The 30% Mirage: Retirement Income Isn’t a Hack—It’s a Plan

Every now and then, the industry rolls out a headline that sounds like it belongs in a late-night infomercial. “Boost your retirement income by 30%.” No extra savings. No extra work. Just one simple tweak....more

Cozen O'Connor

The State AG Report – 05.07.2026

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • AG Coalition Challenging Nexstar-TEGNA Merger Goes...more

Orrick, Herrington & Sutcliffe LLP

Maryland enacts law to prohibit tipping in earned wage access and consumer lending

On April 28, the Maryland governor signed into law SB 94, which revises the state’s earned wage access framework effective October 1. The law prohibits consumer and commercial lenders and earned wage access providers from...more

Orrick, Herrington & Sutcliffe LLP

SEC settles with fintech and co-founders over allegedly fraudulent blockchain claims

On April 27, the SEC announced the settlement of an enforcement action filed in the U.S. District Court for the Southern District of California against a Nevada-based financial technology company, the company’s former CEO,...more

Orrick, Herrington & Sutcliffe LLP

Education department finalizes overhaul of federal student loan limits and repayment plans

On April 30, the U.S. Department of Education (ED) announced that it had finalized its rule implementing statutory directives from the One Big Beautiful Bill Act, enacted in July 2025. The rule largely adopts the January 30...more

A&O Shearman

EEA banking customers beware. If you don't ask, you don't get

A&O Shearman on

From July 11, EEA banking customers may notice that non-EEA banks and broker dealers (together, non-EEA banks) no longer generally market their banking services to them. EEA customers wanting to continue to acquire banking...more

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