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UK FCA Findings on Financial Crime Controls in Corporate Finance Firms
The UK Financial Conduct Authority (FCA) has published its findings from a recent survey on financial crime controls in corporate finance firms not required to submit financial crime data returns. The findings reflect firms' self-reported practices and are not based on an FCA review....By: A&O Shearman
Blockchain and Digital Assets News and Trends – October 2025
This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets....By: DLA Piper
UK FCA Data Room Related to Motor Finance Redress Consultation
The UK Financial Conduct Authority (FCA) has updated its webpage on the proposed motor finance consumer redress scheme consultation to announce the launch of a data room. The facility is intended to support stakeholder engagement during the consultation period, which closes on 4 November....By: A&O Shearman
Draft FSMA 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations published
A draft of the Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 has been laid before the UK Parliament, and published together with a draft explanatory memorandum. The draft regulations are part of the UK's continued process to repeal and replace assimilated EU financial services law following Brexit, under the Financial Services and Markets Act 2023 (FSMA 2023)....By: A&O Shearman
Bipartisan congressional letter questions Fed chair over inspector general’s advocacy against oversight bill
On October 24, a bipartisan group of senators sent a letter to Fed Chair Jerome Powell requesting a public explanation regarding opposition by current and previous inspectors general of the Fed to proposed legislation that would create an independent, Senate-confirmed inspector general at the central bank....By: Orrick, Herrington & Sutcliffe LLP
FCA publishes its review of consolidation in the UK financial advice and wealth management sector
The FCA has published the results of its long-awaited multi-firm review of consolidation in the UK's financial advice and wealth management sector....By: Hogan Lovells
OCC requests comments on proposed rescission of recovery planning guidelines for large banks
On October 27, the OCC issued a notice of proposed rulemaking (NPRM) rescinding Appendix E to 12 CFR 30, which establishes guidelines for recovery planning for large national banks, federal savings associations (FSAs), and insured federal branches of foreign banks....By: Orrick, Herrington & Sutcliffe LLP
Weekly Blockchain Blog - November 2025
US Payments and Digital Asset Companies Announce Stablecoin Initiatives - On Oct. 28, a U.S.-based multinational money transfer company announced the launch of its stablecoin, the U.S. Dollar Payment Token (USDPT). According to a press release, USDPT is built on the Solana blockchain and is issued by Anchorage Digital Bank’s “federally regulated stablecoin issuance platform.”...By: BakerHostetler
Fed requests comments on 2026 stress test scenarios and enhanced transparency in stress testing proposals
On October 24, the Fed requested comments on a set of proposals aimed at increasing the transparency and public accountability of its annual supervisory stress tests for large banks....By: Orrick, Herrington & Sutcliffe LLP
Multistate settlement secures approximately $4.8 million in refunds and penalties over deceptive subscription practices
On October 23, a coalition of 33 state attorneys general announced a multistate settlement with an online retailer resolving claims of deceptive advertising and billing practices related to its “VIP Membership Program.” The agreement provides for automatic refunds to eligible consumers, valued at approximately $3.8 million and $1 million in payments to the participating states for investigative costs and future consumer protection efforts, to be divided among the states....By: Orrick, Herrington & Sutcliffe LLP
District court halts CFPB from enforcing Section 1033 rule
On October 29, the U.S. District Court for the Eastern District of Kentucky granted a motion for a preliminary injunction, delaying the compliance dates of the CFPB’s Personal Financial Data Rights Rule until the Bureau has completed its reconsideration of the Rule....By: Orrick, Herrington & Sutcliffe LLP
Crypto regulation and enforcement: Key risks, trends, and compliance priorities
Crypto-assets have quickly shifted from a niche innovation to a core part of global finance. As its addition to, and integration with, traditional investment, banking and payment systems accelerates, regulators and enforcement authorities sharpen their focus....By: Hogan Lovells
[Video] ACI - FCPA Conference Speaker Preview Series - Mike Koenig on Going Behind the Curtain of Corporate Governance
In this episode of the ACI-FCPA and Global Anti-Corruption Conference Speaker Podcasts series, Mike Koenig discusses his panel presentation at the event, “Behind the Curtain of Corporate Governance: Leveraging Your Big-Picture Compliance Metrics and Financial Risk Data to Drive C-Suite and Board Buy-In and Engagement?.” Some of the issues the panel will discuss are: • Presenting to Boards • How to secure Board engagement and oversight • Building stronger corporate governance I hope you can...By: Thomas Fox - Compliance Evangelist
Delaware law barring medical debt from consumer credit reporting takes effect
On October 27, a new Delaware substitute bill, Senate Substitute 1 for SB 156, took effect to prohibit the inclusion of medical debt in consumer credit reports....By: Orrick, Herrington & Sutcliffe LLP
Massachusetts finalizes new money transmission regulation and updates related rules
On October 24, the Massachusetts Division of Banks (DOB) released a comprehensive set of regulatory changes, effective November 7, to align with the commonwealth’s Money Transmission Act (MTA) enacted in January....By: Orrick, Herrington & Sutcliffe LLP
Food Venture Financing News – Weekly Issue No. 259
Food Venture Financing Trends - Agtonomy, a California-based ag robotics company, closed an $18 million Series B round....By: Davis Wright Tremaine LLP
CFPB Issues Rule that FCRA Preempts State Measures Barring Medical Debt
The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule on October 20, 2025 stating that the Fair Credit Reporting Act (FCRA) preempts state measures barring medical debt in consumer credit reports....By: Goodwin
Massachusetts Division of Banks Revises Debt Collection and Servicing Regulation, Incorporating Reg F
The Massachusetts Division of Banks ("DOB") has revised its regulation that governs the conduct of debt collectors, student loan servicers, and third-party loan servicers. The revised regulation became effective in late September. So, what's new?...By: Hudson Cook, LLP
Healthcare & Life Sciences Private Equity Deal Tracker: Warburg Pincus to Acquire Stake in Sebia
Warburg Pincus will acquire a “significant” minority stake in Sebia, according to a news release. Sebia, founded in 1967 and with its U.S. headquarters in Norcross, Georgia, is a global provider of specialty diagnostics....By: McGuireWoods LLP
Interrelated Claims Provision Bars Coverage for Client’s Claim Tied to Broker’s Pre-Hire Conduct
The U.S. District Court for the Eastern District of New York, applying California law, held that an insured financial services company was not entitled to coverage under its professional liability policy for a client’s claim because the alleged wrongful acts were “interrelated” to acts that began before the policy’s coverage period....By: Wiley Rein LLP
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