Sidley Austin LLP | USA | 11 Mar 2024
On March 5, 2024, the Consumer Financial Protection Bureau (Bureau) announced the final rule governing late fees for consumer credit card payments…
Sidley Austin LLP | USA | 6 Mar 2024
On February 23, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it was asserting supervisory jurisdiction over World…
Sidley Austin LLP | USA | 24 Jan 2024
On January 17, 2024, the New York Department of Financial Services (NYDFS) entered into a consent order with Industrial and Commercial Bank of China…
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Sidley Austin LLP | USA | 3 Jan 2024
The Financial Stability Board, or FSB, is laser-focused on money market funds, mutual funds, and private funds. Specifically, the FSB is concerned…
Sidley Austin LLP | USA | 16 Nov 2023
On November 3, 2023, the U.S. Financial Stability Oversight Council (FSOC) issued a final analytic framework for assessing financial stability risks…
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Sidley Austin LLP | USA | 20 Oct 2023
Federal regulators propose to make it easier to designate a nonbank financial company as a systemically important financial institution that could…
Sidley Austin LLP | USA | 1 May 2023
The ongoing distressed bank environment has resulted in the failure of another institution and continues to generate turbulence, together with…
Sidley Austin LLP | USA | 12 Mar 2023
On the evening of Sunday, March 12, 2023, the U.S. Department of the Treasury, Board of Governors of the Federal Reserve System (FRB), and the…
Sidley Austin LLP | USA | 23 Dec 2022
On December 13, 2022, the U.S. Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that would modify its rules…
Sidley Austin LLP | USA | 8 Nov 2022
The Consumer Financial Protection Bureau (CFPB) on October 27, 2022 took the long-anticipated first step to issue a regulation implementing Section…