News & Analysis as of May 19, 2025

Small Business Administration › Federal Deposit Insurance Corporation

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

Nutter Bank Report: April 2025

Nutter McClennen & Fish LLP on 4/28/2025

The Federal Reserve has announced multiple decisions to rescind existing requirements for crypto-asset activities. The April 24 announcement included the rescission of a 2022 supervisory letter that required state member...more

Daily Financial Regulation Update -- Monday March 31, 2025

Paul Hastings LLP on 4/1/2025

March 28, 2025 - The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities...more

Daily Financial Regulation Update -- Wednesday February 26, 2025

Paul Hastings LLP on 2/26/2025

February 25, 2025- The Financial Deposit Insurance Corporation released the Quarterly Banking Profile for Q4 2024 with reports from 4,487 commercial banks and savings institutions insured by the FDIC which reported a...more

Daily Financial Regulation Update -- Monday January 13, 2025

Paul Hastings LLP on 1/14/2025

January 10, 2025 - The Consumer Financial Protection Bureau announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered...more

Daily Financial Regulation Update -- Thursday October 17

Paul Hastings LLP on 10/17/2024

October 16, 2024 - New York State Department of Financial Services (DFS) issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence....more

Defendant Challenges FDIC Enforcement Proceeding, Citing Jarkesy

Ballard Spahr LLP on 9/4/2024

In one of the first tests of the implications of the Jarkesy decision for other federal regulatory agencies, an individual accused by the FDIC of participating in fraudulent loan activity is asking a federal judge to dismiss...more

Daily Financial Regulation Update -- Friday August 2, 2024

Paul Hastings LLP on 8/5/2024

August 1, 2024- The European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, which was designed to ensure that AI developed and used in the EU is trustworthy,...more

Daily Financial Regulation Update -- Tuesday July 16, 2024

Paul Hastings LLP on 7/17/2024

July 15, 2024 - The Conference of State Bank Supervisors and the National Association of State Credit Union Supervisors submitted a joint comment letter stating that the Federal Housing Finance Agency should not make any...more

Daily Financial Regulation Update -- Wednesday, December 6, 2023

Paul Hastings LLP on 12/6/2023

December 5, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Fostering Financial Innovation: How Agencies Can Leverage...more

Daily Financial Regulation Update -- Thursday, October 19, 2023

Paul Hastings LLP on 10/19/2023

October 18, 2023- The Federal Deposit Insurance Corporation Office of Inspector General published a report entitled, "FDIC Strategies Related to Crypto-Asset Risks" with the FDIC staff noting guidance forthcoming by...more

Daily Financial Regulation Update -- Wednesday, August 30, 2023

Paul Hastings LLP on 8/30/2023

August 29, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a joint proposal that would require large banks with total assets...more

Daily Financial Regulation Update -- Wednesday, August 23, 2023

Paul Hastings LLP on 8/23/2023

August 22, 2023- Governor Michelle W. Bowman of the Federal Reserve Board of Govenors (the "Federal Reserve") gave opening remarks at "Fed Listens: Joining the Labor Force after COVID, A Discussion on Youth Employment,"...more

Daily Financial Regulation Update -- Wednesday, June 7, 2023

Paul Hastings LLP on 6/7/2023

June 6, 2023- Federal bank regulatory agencies issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology...more

Daily Financial Regulation Update -- Saturday, June 3, 2023

Paul Hastings LLP on 6/5/2023

June 2, 2023- Patrick McHenry (NC-10), Chairman of the House Financial Services Committee, and Glenn "GT" Thompson (PA-15), Chairman of the House Committee on Agriculture, released a discussion draft of legislation providing...more

Daily Financial Regulation Update -- Tuesday, April 4, 2023

Paul Hastings LLP on 4/4/2023

March 31, 2023- U.S. Senator Catherine Cortez Masto (D-Nev.) introduced the Financial Compensation for CFPB Whistleblowers Act to authorize the Consumer Financial Protection Bureau (CFPB) to award financial compensation to...more

Daily Financial Regulation Update -- Friday, December 9, 2022

Paul Hastings LLP on 12/9/2022

December 8, 2022- U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Sen. Pat Toomey (R-PA), Ranking Member of the Senate Committee on Banking, Housing, and...more

Daily Financial Regulation Update -- Tuesday, December 6, 2022

Paul Hastings LLP on 12/6/2022

December 5, 2022- Acting Comptroller of the Currency Michael J. Hsu discussed the importance of continued prudent credit risk management and diversity and inclusion, two important safety and soundness topics, at the RMA...more

Daily Financial Regulation Update -- Thursday, December 1, 2022

Paul Hastings LLP on 12/1/2022

November 30, 2022- U.S. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, wrote to U.S. Treasury Secretary and Chair of the Financial Stability Oversight Committee (FSOC) Janet...more

Daily Financial Regulation Update -- Thursday, November 17, 2022

Paul Hastings LLP on 11/17/2022

November 16, 2022 The U.S House Committee on Financial Services held a hearing entitled, "Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions." The...more

Daily Financial Regulation Update -- Wednesday, October 19, 2022

Paul Hastings LLP on 10/19/2022

October 18, 2022- The Federal Deposit Insurance Corporation adopted a final rule to increase initial base deposit insurance assessment rate schedules uniformly by 2 basis points beginning in the first quarterly assessment...more

Daily Financial Regulation Update -- Tuesday, October 4, 2022

Paul Hastings LLP on 10/4/2022

October 3, 2022- The Financial Stability Oversight Council held a meeting on October 3, 2022 where it unanimously approved its Report on Digital Asset Financial Stability Risks and Regulation....more

Daily Financial Regulation Update -- Wednesday, September 14, 2022

Paul Hastings LLP on 9/14/2022

September 13, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "New Consumer Financial Products and the Impacts to Workers."...more

Daily Financial Regulation Update -- Tuesday, September 13, 2022

Paul Hastings LLP on 9/13/2022

September 12, 2022- The Federal Reserve Board published a paper entitled, "The impact of risk cycles on business cycles: a historical view."...more

Daily Financial Regulation Update -- Tuesday, August 2, 2022

Paul Hastings LLP on 8/2/2022

August 1, 2022- The U.S. Department of the Treasury announced its current estimates of privately-held net marketable borrowing for the July – September 2022 and October – December 2022 quarters....more

Daily Financial Regulation Update -- Thursday, July 21, 2022

Paul Hastings LLP on 7/22/2022

July 20, 2022- The U.S. House Committee on Financial Services held a hearing entitled, "Housing in America: Oversight of the Federal Housing Finance Agency."...more

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Small Business Administration › Federal Deposit Insurance Corporation

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