Articles: 1-10 of 166
Litigation Between FinTech Companies Follows Class Action Over Cryptocurrency Theft
USA - June 14 2022 This past week, co-defendants in a class action related to the theft of cryptocurrency engaged in their own lawsuit over alleged security failures…
The FCA introduces new D&I-related disclosures
United Kingdom - May 3 2022 On 20 April 2022, the UK Financial Conduct Authority (“FCA”) published its Policy Statement PS 22/3 on disclosures regarding diversity and inclusion…
Federal Deposit Insurance Corporation Issues Proposed Statement on Principles of Climate-Related Financial Risk Management for Large Financial Institutions
USA - March 31 2022 On March 30, 2022, the Federal Deposit Insurance Corporation (“FDIC”) released a proposed policy statement related to sound management of exposures to…
Fintech Lawsuit Highlights True Lender Risk for Bank Partnership Lending Model
USA - March 14 2022 In the wake of rulings upholding federal regulators’ “valid when made” rules, a new lawsuit serves as a reminder that state regulators and…
A Closer Look: Federal Court Upholds OCC’s & FDIC’s Valid-When-Made Rules
USA - February 14 2022 Delivering a significant win for the financial services industry, a California federal judge upheld “valid when made” rules promulgated by the Office…
OCC Issues Draft Principles for Climate Risk Management
USA - December 20 2021 On December 16, 2021, the Office of the Comptroller of the Currency (“OCC”) issued draft principles (the “Proposal”) on the identification and…
FSOC Issues Report on Climate-Related Financial Risk
USA - October 23 2021 On Thursday, October 21, 2021, the Financial Stability Oversight Council released a Report on Climate-Related Financial Risk (the “Report”). The…
Supreme Court Finds FHFA For-Cause Removal Structure Unconstitutional; Decision May Have Implications for CFPB
USA - July 1 2021 On June 23, the Supreme Court issued a decision in Collins v. Yellen, a case which concerned the Federal Housing Finance Agency (“FHFA”) and the two…
Second Circuit Rejects New York State Department of Financial Services’ Lawsuit Against the Office of the Comptroller of the Currency
USA - June 16 2021 On June 3, 2021, in Lacewell v. OCC, the United States Court of Appeals for the Second Circuit (the “Second Circuit”) dismissed the New York State…
OCC to Reconsider June 2020 Community Reinvestment Act Final Rule
USA - May 19 2021 On Tuesday, May 18, 2021, the Office of the Comptroller of the Currency (“OCC”) announced that it will reconsider its June 5, 2020 final rule (“final…
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