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Financial Services Industry

A&O Shearman

ESMA publishes interim report on simplification of financial transaction reporting

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ESMA has published an interim report on transaction reporting on the call for evidence on a comprehensive approach for the simplification of financial transaction reporting under the Markets in Financial Instruments...more

A&O Shearman

ESMA publishes findings from its CSA on MiFID II sustainability aspects

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The European Securities and Markets Authority (ESMA) has published a statement setting out the results of its common supervisory action (CSA) with national competent authorities on the integration of sustainability in firms'...more

Cadwalader, Wickersham & Taft LLP

New Frontiers in Fund Finance: Strategy, Regulation and Liquidity, May 2026 - Central Bank of Ireland Removes Prohibition on Irish...

Ireland is widely recognised as a leading domicile in which to establish investment funds. The most common Irish-regulated fund structures used in fund finance transactions are: (i) Irish collective asset-management vehicles...more

Sheppard

NYDFS Reaffirms State Fair Lending Obligations

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On April 22, the NYDFS issued an industry letter reminding entities regulated under the New York Banking Law of their obligations under Section 296-a of the New York Executive Law, New York’s fair lending statute. The letter...more

Sheppard

FDIC Rescinds Guidance on Multiple Re-Presentment NSF Fees

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On April 10, the FDIC rescinded prior supervisory guidance addressing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. The rescinded guidance had previously outlined the...more

Cogency Global

[Webinar] Hidden Tax Debt: What You Should Know About Your Borrowers - May 19th, 1:00 pm EDT

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Due diligence is crucial in lending and allows lenders to thoroughly evaluate a borrower's financial situation while complying with lending regulations. This free webinar, entitled Hidden Tax Debt: What You Should Know About...more

Sheppard

CFPB Finalizes Slimmed-Down Section 1071 Small Business Lending Rule

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On May 1, the CFPB finalized a substantially revised Section 1071 rule, which implements the small business lending data collection and reporting requirements under the Equal Credit Opportunity Act (ECOA) and Regulation B, as...more

A&O Shearman

ESMA publishes MiCAR guidelines compliance tables

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The European Securities and Markets Authority (ESMA) has published a compliance table under the Markets in Cryptoassets Regulation (MiCAR) setting out member state compliance with its guidelines on when a third-country firm...more

Ballard Spahr LLP

Treasury Unveils OCCIP Cyber Initiative for Digital Asset Firms

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On April 9, 2026, the U.S. Department of the Treasury announced a new cybersecurity information‑sharing initiative led by its Office of Cybersecurity and Critical Infrastructure Protection (OCCIP). The program is designed to...more

A&O Shearman

UK FCA statement announces review of claims management practices

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The UK Financial Conduct Authority (FCA) has published a statement announcing it is launching a review of the claims management market, prompted by concerns that some claims management companies (CMCs) and law firms are...more

A&O Shearman

Listed Investment Companies (Classification etc) Bill will make no further progress

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The UK Parliament has published an updated webpage confirming that the Listed Investment Companies (Classification etc) Bill, a Private Members' Bill introduced in September 2024, will make no further progress as the...more

A&O Shearman

Official translations of ESMA guidelines on internal controls for BMAs, CRAs and MTIs

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The European Securities and Markets Authority (ESMA) has published official translations of its final guidelines on internal controls for benchmark administrators (BMAs), credit rating agencies (CRAs) and market transparency...more

A&O Shearman

EC adopts Delegated Regulation on fees to validate pro forma models under EMIR

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The European Commission has adopted a Delegated Regulation supplementing the European Market Infrastructure Regulation ((EU) No 648/2012) (EMIR), specifying the method for the determination of fees charged by the European...more

Hogan Lovells

ESG Market Alert UK – May 2026

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In our latest round-up of developments in ESG for UK clients, we cover the following topics: FCA proposal to regulate ESG ratings providers European Banking Authority’s (EBA) major proposal to simplify supervisory reporting...more

Foley & Lardner LLP

FINRA Enhancing Enforcement

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On March 2, 2026, the Financial Industry Regulatory Authority (FINRA) announced a series of enhancements to its enforcement program as part of its broader “FINRA Forward” initiative. The changes are aimed at making...more

Troutman Pepper Locke

ABA and State Bankers Again Seek GENIUS Act Comment Period Extension for the Treasury’s Proposed “Substantial Similarity” Rule

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On May 6, the American Bankers Association (ABA), joined by nearly every state bankers association, sent the U.S. Department of the Treasury (Treasury), a follow‑on request for more time to comment on Treasury’s GENIUS Act...more

Cadwalader, Wickersham & Taft LLP

Vice Chair of Supervision Bowman Signals a Broader Supervisory Push on Consumer Fraud

On Tuesday, May 5, Federal Reserve Vice Chair for Supervision Michelle W. Bowman addressed the Women in Housing and Finance Symposium. In her speech, the Vice Chair framed consumer fraud as more than just a consumer...more

Ballard Spahr LLP

FDIC rescinds guidance governing re-presentment of same transaction

Ballard Spahr LLP on

The FDIC has issued FIL-14-2026 rescinding its guidance governing the re-presentment of the same transaction after raising questions about the Biden Administration’s prior guidance....more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – May 2026

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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On May 1, the...more

Troutman Pepper Locke

Investment Management Update – Q1 2026

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In This Update - Covering legal developments and regulatory news for funds, their advisers, and industry participants for the quarter ended March 31. On January 22, the Securities and Exchange Commission’s (SEC) Small...more

Snell & Wilmer

Synthetic Identity Fraud in Auto Finance: Key Trends and Warning Signs for 2026

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Synthetic identity fraud has become one of the most costly and difficult-to-detect threats in auto finance. This type of fraud involves combining real and fabricated personal information — often pairing a valid Social...more

Alston & Bird

Maryland Update: Legislature Clarifies Licensing Treatment for Passive Trusts and Loan Assignees Through SB 784

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What Happened? In April 2026, Maryland Governor Wes Moore signed Senate Bill 784 (Chapter 40 of the Laws of 2026), a measure addressing the application of licensing requirements under the Maryland Financial Institutions...more

Carlton Fields

SEC and CFTC Regulatory Labs Try Joint Venturing: Landmark Memorandum Sets the Terms

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On March 11, 2026, the SEC and the Commodity Futures Trading Commission (CFTC) signed what both agencies have called a “historic” memorandum of understanding. The memorandum is intended to create a new level of cooperation...more

A&O Shearman

French CRD VI transposition—a first milestone reached

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On April 9, 2026, the French legislator published Ordinance No. 2026-255 of April 8, 2026 transposing Directive (EU) 2024/1619 (CRD VI) into French law (available here—French only) (French CRD VI Transposition). On April 9,...more

A&O Shearman

Regulatory monitoring: EU Version - April 2026

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Our monthly regulatory newsletter monitors all relevant developments regarding European regulatory law in English language. Furthermore, we produce detailed briefings to cover key developments in the field of financial...more

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