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Banks Legislative Agendas

Troutman Pepper

Trade Organizations Challenge Colorado’s DIDMCA Opt-Out Legislation in Federal Court

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Monday, three trade organizations filed a complaint in Colorado federal court challenging H.B. 1229, Colorado’s effort to limit interest charges by out-of-state financial institutions, which is set to take effect on July 1,...more

Lewis Roca

Legal Issues, Problems, and Unanswered Questions Regarding a State’s Ability and Potential Departure from the Depository...

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In 1980, Congress passed Public Law 96-221, called the Depository Institutions Deregulation and Monetary Control Act (“DIDMCA”), which, in part, allowed federally insured state banks, state credit unions, and state savings...more

McDermott Will & Emery

PFOF Verbot

McDermott Will & Emery on

Die Bundesanstalt für Finanzdienstleistungsaufsicht („BaFin“) wird zunächst nicht gegen die Bezahlung von Wertpapierfirmen durch Dritte für die Weiterleitung von Kunden-Aufträgen (sog. Payment for Order flow („PFOF“))...more

Cozen O'Connor

Cozen Currents: Use the Force

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The Cozen Lens- •As bipartisanship wanes, forced compromise remains an essential component of governance in Washington, DC. - •Dealmaking activity is up, but antitrust enforcement is also expected to increase as growing...more

Troutman Pepper

Proposed Legislation in Louisiana Aims to Regulate Commercial Financing Transactions

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On March 1, Senate Bill (SB) 335 was introduced, which, if passed, would impose certain requirements on “commercial financing transactions.” Recently, multiple states have enacted disclosure regulations for commercial...more

Bradley Arant Boult Cummings LLP

Dude, Where’s My Liquidation?

Every election it seems like the country inches closer to cannabis being legal at the federal level. Until that day comes, however, the question of whether those in the cannabis industry can seek bankruptcy relief remains....more

A&O Shearman

HM Treasury and PRA launch consultations on reforms to ring-fencing regime

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On 28 September, HM Treasury (the Treasury) and the Prudential Regulation Authority (PRA) published consultation papers on the proposed near-term reforms to ring-fencing measures... The Treasury also published its response to...more

White & Case LLP

Tying deposit insurance reform to reform of the tying of deposits

White & Case LLP on

On March 10, 2023 the California Department of Financial Protection and Innovation ("CDFPI") closed Silicon Valley Bank ("SVB"), a California chartered, non-member bank. The CDFPI placed SVB into receivership and appointed...more

Perkins Coie

Cannabis Legal Report - April 2023 #2

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Tenth Circuit Upholds Licensing Agency’s Discretion When Awarding Cannabis-Related Licenses - The U.S. Court of Appeals for the Tenth Circuit upheld the dismissal of a suit on April 18, 2023, challenging the Utah...more

Nelson Mullins Riley & Scarborough LLP

[Webinar] FinTech University: The View from Washington - December 6th, 2:00 pm - 3:00 pm EST

Join us for the next edition of FinTech University to discuss FinTech-based legislation and executive actions. This program will examine the 2022 midterm election and what it means for FinTech. Experienced Nelson Mullins...more

Bradley Arant Boult Cummings LLP

2022 Midterms and the Future of the Safe Banking Act

As the midterm elections come to an end, we revisit the future of the SAFE Banking Act and the hurdles we expect to see in the coming Congressional term. If passed, the SAFE Banking Act would remove uncertainties surrounding...more

Sheppard Mullin Richter & Hampton LLP

Federal Cannabis Reform – Is 2022 the Year?

Hope soared with the possibility of federal cannabis reform in 2021. And for good reason – the induction of a new, more liberal administration, rapid state-level legalization, broad support by Americans, and growing...more

Hogan Lovells

Financial institutions general regulatory news, April 2021 # 3

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Recent regulatory developments of interest to most financial institutions, including updates from the UK government, PRA, FCA, JMLG and the European Commission. See also our sector specific updates in the Related Materials...more

Holland & Knight LLP

Start Spreading the News: Adult-Use Cannabis May Come to New York

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New York Gov. Andrew M. Cuomo announced during his Jan. 6, 2021, State of the State Address a proposal to legalize and create a comprehensive system to oversee and regulate cannabis in New York state. The plan would establish...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts - October 2020

Recent and significant regulatory and legislative events in the digital asset space demonstrate the evolving and expanding approach by U.S. and international regulators to the burgeoning digital asset markets. These...more

Robins Kaplan LLP

Financial Daily Dose 10.2.2020 | Top Story: Covid-Infected POTUS Injects Volatility to Skittish Global Markets

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Markets globally and U.S. futures are down as investors digest the news out of D.C. overnight... Jobs Report Friday again. Here’s what we’re watching for in the numbers....more

Robins Kaplan LLP

Financial Daily Dose 10.1.2020 | Top Story: Palantir and Asana Make Strong Showing In Direct Listing Public Debut

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Palantir’s direct listing experiment generally went well yesterday, with the company’s shares beginning trading up nearly 40% from the $7.25 reference price set Tuesday evening. Fellow direct lister Asana also had a good...more

Robins Kaplan LLP

Financial Daily Dose 3.30.2020 | Top Story: Diving deeper into the details of the $2.2 trillion COVID-19 relief bill became law...

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Unpacking Friday’s $2.2 trillion COVID-19 stimulus bill reveals a heck of a lot of “small favors to special interests” and “a slew of policy changes that had gathered dust, some for years in a stagnant and divided Congress.”...more

Seyfarth Shaw LLP

The Week in Weed: March 2020 #2

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FEDERAL NEWS - The big news this week was the FDA’s report to Congress on CBD.  The report did not set out a timeline for usage guidelines, citing the need for more data.  Commissioner Stephen Hahn did indicate he thought...more

Ballard Spahr LLP

CSBS Will Oppose Any Federal Legislation That Preempts State Licensing and Supervisory Authority

Ballard Spahr LLP on

The Conference of State Bank Supervisors (CSBS) President and CEO, John Ryan, recently announced the CSBS’s legislative priorities for state regulators this year. They include opposing any federal legislation that preempts...more

Hogan Lovells

Corporate Insurance Newsletter – January 2020

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The Hogan Lovells’ Corporate Insurance Newsletter for January 2020 has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. In this...more

Hogan Lovells

The Australian Government introduces the Crimes Legislation Amendment (Combatting Corporate Crimes) Bill 2019 (Cth) targeting...

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Recently, three of Australia's four largest banks have self-reported breaches of anti-money laundering and counter-terrorism financing laws. Commonwealth Bank of Australia in 2018 admitted fault and agreed to pay a civil...more

Robins Kaplan LLP

Financial Daily Dose 12.20.2019 | Goldman nearing $2B deal with DOJ to resolve 1MDB scandal claims

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Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more

Steptoe & Johnson PLLC

West Virginia’s Treasurer Acknowledges Banking Fix, Readying for Medical Cannabis

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West Virginia’s fledgling medical cannabis program is one step closer to fruition.  West Virginia’s State Treasurer’s Office has received five bids to provide general banking and financial services on behalf of the State’s...more

Troutman Pepper

Cracking the SAFE: Opening the Banking Industry to Cannabis

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On March 26, the U.S. House Committee on Financial Services is scheduled to mark up the Secure and Fair Enforcement (SAFE) Banking Act of 2019. This Act aims to allow banks and financial institutions to engage in business...more

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