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Finance & Banking Civil Remedies

Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
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

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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

K&L Gates LLP

Incentives And Other Funding Techniques In The ESG Space: ESG and the Sustainable Economy Handbook

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ESG principles can be incorporated into an investment strategy or business operations in many, many ways. ESG factors can also be leveraged to access unique financing tools. Some are industry specific, such as the array of...more

Skadden, Arps, Slate, Meagher & Flom LLP

Digital Assets: Key Opportunities for Growth

It’s a critical period in the evolution of a digital asset ecosystem, as a more permissive regulatory environment has created new opportunities for digital asset ventures....more

Cooley LLP

SEC Proposes Broad Expansion of Shelf Registration Access and Capital Markets Efficiencies (UPDATED)

Cooley LLP on

Here’s an excerpt from this Cooley Alert penned by Rich Segal, Chad Mills, Julia Boesch, Reid Hooper, Liz Dunshee, Luci Altman, Victoria Peluso, Katherine Denby and Christine Turner:...more

Orrick, Herrington & Sutcliffe LLP

Federal banking regulators reissue 15 guidance documents removing ‘reputation risk’

On June 2, the OCC, the FDIC, and the Fed announced that they have jointly reissued 15 interagency guidance documents to remove references to reputation risk. The documents cover topics including asset securitization,...more

Fenwick & West LLP

Paschall: Tax Court Memorandum Holds that Staking Rewards are Taxable Income in Pro Se Case on Erroneous Stipulated Facts

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On June 4, 2026, the U.S. Tax Court released a memorandum decision in Paschall v. Commissioner addressing the federal tax treatment of staking, holding that there was taxation on staking rewards credited to Mr. Paschall’s...more

Orrick, Herrington & Sutcliffe LLP

FHA proposes automated ‘Do Not Pay’ portal screening for borrower eligibility determinations

On May 18, FHA posted a draft Mortgagee Letter on its Single Family Drafting Table, proposing new requirements for determining borrower eligibility related to delinquent child support obligations subject to federal...more

K&L Gates LLP

Key Operational Considerations In The Sustainable Economy: ESG and the Sustainable Economy

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In recent years, businesses that demonstrate certain environmental, social, and governance (ESG) criteria have seen a pronounced uptick in interest from many investors, particularly from institutional investors who were in...more

Sheppard

CFPB Positions Mark Paoletta to Succeed Russel Vought

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On June 2, reports indicated that the CFPB has appointed Mark Paoletta as Deputy Director, positioning him to succeed Acting Director Russel Vought when Vought’s temporary “acting” appointment ends later this year. The...more

Orrick, Herrington & Sutcliffe LLP

HUD issues RFI on streamlining FHA single-family minimum property requirements

On May 29, HUD issued a request for information (RFI) in the Federal Register, seeking public comment on modernizing FHA’s Minimum Property Requirements (MPRs) for single-family mortgage insurance programs. MPRs require that...more

A&O Shearman

UKPI launches new payments scheme

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UK Payments Initiative Ltd (UKPI) has announced the launch of a new industry-led payment scheme designed to support scalable account‑to‑account payments using open banking. The scheme supports the ambitions set out in the UK...more

Womble Bond Dickinson

California Superior Court Finalizes Summary Judgment in Favor of OppFi, Rejecting DFPI’s “True Lender” Theory

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On May 19, 2026, the Superior Court of California, County of Los Angeles, granted summary judgment in favor of Opportunity Financial, LLC ("OppFi") in its dispute with Clothilde Hewlett, in her official capacity as...more

A&O Shearman

BCBS report on ICT risk management for non-malicious incidents

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The Basel Committee on Banking Supervision (BCBS) has published a report outlining observed practices in banks' information and communication technology (ICT) risk. The report aims to compare regulatory, supervisory and...more

Latham & Watkins LLP

Illinois Interchange Fee Law Maxes Out After Permanent Injunction and Legislative Postponement

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Illinois’s interchange fee law is permanently enjoined for most entities after OCC preemption, but a fragmented outcome sets the stage for further appeals....more

Sheppard

CA, MD, VA Force Lenders' Hand on Divorce-Triggered Mortgage Assumptions

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A coast-to-coast trend is taking shape: three states have now stripped conventional mortgage lenders of discretion to deny assumptions when divorcing co-borrowers want to keep the family home at the existing rate and...more

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