In this most recent issue, we discuss a number of federal banking agency updates, including the long-awaited Final Interagency Guidance on Third-Party Relationships and the Federal Reserve Bank of New York’s report on the feasibility of an interoperable network for wholesale payments, among other developments. We also address several updates from the SEC, including the reopening release for the proposed rule to amend the definition of “exchange” and the increased focus on investment adviser marketing, and examine proposed stablecoin and crypto asset legislation. Finally, we wrap up this edition with regulatory updates from the UK, consumer protection updates, and updates on certain fintech litigations, as well as an overview of select legislative developments at the state level.