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Akin Gump Strauss Hauer & Feld LLP

Eurozone Investment Funds – New Reporting Obligations

New requirements concerning reporting by EU AIFs and UCITS of statistics on their assets have been introduced by the European Central Bank (ECB). The new reporting requirements will apply from 1 December 2025....more

Kilpatrick

Corporate Transparency Act Beneficial Ownership Report Filing Deadline for Companies Formed Before This Year is January 1, 2025 |...

Kilpatrick on

As we have previously reported, the federal Corporate Transparency Act (CTA) requires most privately held companies organized in the U.S. and foreign companies that register to do business in a U.S. state to file an online...more

Proskauer - Private Market Talks Podcast

Private Market Talks: Pacing Growth and Maintaining Discipline with Wellington Management’s Shanna O’Reilly

Welcome to Season 4 of Private Market Talks! In our newest episode, we are joined by Shanna O’Reilly, co-head of Private Investments at Wellington Management, one of the world’s largest investment managers. Shanna helped...more

Carlton Fields

Outlook Dark for the SEC’s ESG Rule After Loper Bright

Carlton Fields on

For 40 years, the standard of review for agency rulemaking was set forth in the U.S. Supreme Court’s 1984 decision in Chevron U.S.A. Inc. v. Natural Resources Defense Council Inc. Chevron held that when a statute is silent or...more

Paul Hastings LLP

No Safe Bet in the Legal Fight Over Political Event Contracts

Paul Hastings LLP on

The CFTC’s attempt to ban political event contracts is on hold for now and faces a difficult road ahead. In the year since it decided that KalshiEX LLC could not list such contracts for trading, the Commission has been forced...more

Cooley LLP

Federal Housing Administration Publishes Draft Updates to Its Cyber Reporting Requirements

Cooley LLP on

On September 30, 2024, the Federal Housing Administration (FHA) published a draft Mortgagee Letter (ML) with updated cyber incident reporting requirements and a call for interested stakeholders to provide feedback to the...more

Hogan Lovells

Beds and sheds – key financing considerations

Hogan Lovells on

In this article, we consider the key considerations for a lender when financing particular asset classes. We have focused for these purposes on those asset classes which we consider to be the most topical at the moment:...more

McDermott Will & Emery

Reciprocal Jurisdiction Reinsurers: Where Are They Now?

McDermott Will & Emery on

In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% credit on their statutory...more

Moore & Van Allen PLLC

THE DESK: MVA’s Swaps & Derivatives Newsletter

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Our goal is simple, to provide you key updates and insights that you can quickly digest and easily share with your peers, boss, or anyone else that shares a passion for swaps and derivatives news. We know you have to move...more

White & Case LLP

Sector trends - September 2024: Asset/Wealth Management

White & Case LLP on

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Asset/Wealth Management - Current market: Consistently high M&A activity levels - We are seeing: Europe's barbell becomes more pronounced—larger...more

Walkers

Striking off and Winding Up Guernsey Companies: What are the requirements?

Walkers on

Two of the most common ways to dissolve a Guernsey company are the voluntary striking-off procedure, and the voluntary winding-up procedure. Each has different requirements, and are only available in certain...more

White & Case LLP

Europe’s banks restructure, consolidate and partner their way into the digital future

White & Case LLP on

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 - 3 key drivers of bank M&A: - Arrival of long-awaited mammoth consolidation deals: Italy’s UniCredit and Spain’s BBVA sound the charge. -...more

Conyers

Cayman Islands Funds’ Corporate Governance and Internal Controls Measures

Conyers on

The Cayman Islands Monetary Authority’s (CIMA) Rule on Corporate Governance for Regulated Entities, Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds, and Rule and Statement of Guidance on...more

Thomas Fox - Compliance Evangelist

TechLaw10: Regulatory Change for Social Media

In this film, Punter Southall Law’s Jonathan Armstrong discusses social media with Professor Eric Sinrod from his home in California. This is episode 289 in the popular TechLaw10 series. Jonathan & Eric discuss: 1. The...more

Katten Muchin Rosenman LLP

Chicago City Council Authorizes Housing Department Loan Restructurings

On September 19, the Chicago City Council amended the city's municipal code to give the housing commissioner new wide-ranging authority to restructure affordable housing loans and grants. The commissioner is now empowered to:...more

Wilson Sonsini Goodrich & Rosati

FinCEN Finalizes Rule Requiring AML/CFT Programs for Registered Investment Advisers and Exempt Reporting Advisers

On September 4, 2024, the U.S Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a final rule that expands the definition of “financial institution” to include Registered Investment Advisers...more

Buchalter

Historic AML Prosecution, Previously Led by Shareholder Daniel Silva: Wynn Las Vegas Agrees to $130M Penalty in Largest-Ever...

Buchalter on

On September 6, 2024, Wynn Las Vegas (“Wynn LV”) agreed to forfeit over $130 million to resolve a criminal investigation into the gaming giant’s suspected violated federal anti-money laundering (“AML”) laws. Daniel Silva, a...more

Cozen O'Connor

CFPB Warns Medical Debt Collectors to Stick to the Law

Cozen O'Connor on

The CFPB issued guidance reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act (the “FDCPA”) and Regulation F’s prohibitions on false, deceptive, or misleading representations and...more

Paul Hastings LLP

Ch…Ch…Ch…Changes for Reviewing Bank Mergers Adopted

Paul Hastings LLP on

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) issued final “statements of policy” for transactions subject to the Bank Merger Act (“BMA”)....more

McGlinchey Stafford

Lender FAQs: Understanding Texas Home Equity Loan Modifications

McGlinchey Stafford on

As interest rates decline in 2024, lenders who make home loans to Texas residents are seeing an uptick in loan modification requests. Although a “mod” for a conventional loan is straightforward, there are – as always – unique...more

Thomas Fox - Compliance Evangelist

Produce on Purpose Podcast - Protecting Data and Ensuring Compliance with Tom Fox

Tom Fox, an expert in compliance, shares his journey and the importance of compliance in business. He emphasizes that business and work can be a part of one's purpose and that compliance is a business process that can make a...more

Cozen O'Connor

Minnesota Sues over Real Estate Agreements

Cozen O'Connor on

Minnesota AG Keith Ellison sued MV Realty PBC, LLC, MV Realty of Minnesota, LLC, and their individual founder (“collectively, “MV Realty”), alleging that the companies deceptively marketed real estate agreements containing...more

Cornerstone Research

Rising Costs from High Inflation and Interest Rates Contribute to a Continued Increase in Large Corporate Bankruptcy Filings...

Cornerstone Research on

Filings in the services, manufacturing, finance, insurance, and real estate industries contribute to year-over-year increase. Large corporate bankruptcy filings continued to climb in the latter half of 2023 through the first...more

Thomas Fox - Compliance Evangelist

Compliance Tip of the Day: Leveraging Compensation to Drive Compliance

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned...more

Harris Beach PLLC

CFPB’s Circular 2024-05: Overdraft Services and Their Place in Regulation E’s Opt-In Regime

Harris Beach PLLC on

The Consumer Financial Protection Bureau (CFPB) recently issued Circular 2024-05 (Circular). The CFPB considered whether financial institutions could violate the law by charging fees for providing overdraft services without...more

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