News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.
Latest news
New York publishes FAQs on enhanced multi-factor authentication rules
The New York State Department of Financial Services recently published additional Frequently Asked Questions addressing compliance and providing clarity regarding the enhanced multi-factor authentication requirements in the Amended Cybersecurity Regulation. The enhanced requirements took effect in November for all entities subject to NYDFS regulation....By: Constangy, Brooks, Smith & Prophete, LLP
Fed proposes rule codifying elimination of reputation risk
On February 23, the Fed announced that it has issued an NPRM and requested public comment on a proposal to codify the removal of “reputation risk” from its supervisory programs. The proposed rule would also expressly prohibit examiners from encouraging or compelling Fed‑supervised banking organizations to deny or condition financial products or services based on constitutionally protected beliefs or conduct or lawful — but politically disfavored — business activities perceived to present...By: Orrick, Herrington & Sutcliffe LLP
Washington, D.C., attorney general sues lender over alleged housing discrimination in rent-controlled units
On February 20, the Office of the Attorney General for the District of Columbia (OAG) announced that it has filed a complaint in the Superior Court of the District of Columbia alleging that a real estate lending firm engaged in unlawful housing discrimination by financing developers who excluded tenants without housing subsidies from rent-controlled units. The complaint claimed the lender appraised and issued loans based on developers’ promises to lease exclusively to subsidized tenants, thereby...By: Orrick, Herrington & Sutcliffe LLP
Restructuring Roundup - February 2026
AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys....By: Arnall Golden Gregory LLP
OCC conditionally approves national trust charter for digital assets-focused bank
On February 20, the OCC granted preliminary conditional approval for a charter application to establish a de novo national trust bank, which will be limited to trust company operations and related activities, including fiduciary services. The OCC’s decision explained that the approval was preliminary and conditional only, noting that final approval under 12 USC 27(a) would be contingent on meeting all preopening requirements....By: Orrick, Herrington & Sutcliffe LLP
Self‑Report or Not? SDNY’s New Corporate Self-Disclosure Program Intensifies the Early Decision
Last week, the U.S. Attorney’s Office for the Southern District of New York unveiled a new Corporate Enforcement and Voluntary Self‑Disclosure Program for Financial Crimes. SDNY’s Program offers declination to companies that promptly self‑report financial‑related offenses. The new policy also provides other guarantees: it removes subjective disqualifiers (such as offense seriousness or pervasiveness), limits financial consequences to full restitution, and provides conditional declination letters...By: Cozen O'Connor
Connecticut regulator issues final order against allegedly unlicensed collection agency
On February 10, the Connecticut Banking Commissioner issued an order requiring a New York-based collection agency to cease and desist from violating Connecticut laws governing collection agencies and pay a $100,000 civil penalty after the company failed to request a hearing following a January 6 notice of intent. The commissioner’s investigation found the agency attempted to collect debts in Connecticut despite never holding a consumer collection license in the state and had engaged in...By: Orrick, Herrington & Sutcliffe LLP
Directors Quarterly Q1 2026
In this edition focused on the board's 2026 agenda, we also share financial reporting developments, emerging uses of digital assets, updates on US tariffs and sustainability reporting, and more....By: KPMG Board Leadership Center (BLC)
New York Buy-Now-Pay-Later Rules Overly Broad?
In late February, in the midst of an historic East Coast Blizzard, the New York Department of Financial Services ("DFS") issued its pre-proposed regulations to implement the state's 2025 statute regulating buy-now-pay-later (BNPL) lenders (the "BNPL Act")....By: Hudson Cook, LLP
Foreign Issuers and Section 16 Reporting: SEC Adopts Final Rules for the Holding Foreign Insiders Accountable Act
The Securities and Exchange Commission today adopted final rules and form amendments to reflect the requirements of the recently enacted Holding Foreign Insiders Accountable (“HFIA”) Act....By: Mayer Brown Free Writings + Perspectives
AI News Roundup – President Trump bans federal agencies from using Anthropic AI, OpenAI raises $110 billion in latest funding round, dating AI chatbots on the rise in China, and more
To help you stay on top of the latest news, our AI practice group has compiled a roundup of the developments we are following....By: McDonnell Boehnen Hulbert & Berghoff LLP
Expanded Federal Reporting Requirements: Residential Real Estate Transfers Effective March 1, 2026
Under the Anti-Money Laundering Regulations for Residential Real Estate Transfers (Residential Real Estate Rule), the federal government recently took a step toward combating money laundering and other financial crimes involving residential real property transfers. Although the Residential Real Estate Rule became effective on Dec. 1, 2025, the Secretary of the Treasury granted temporary exemptive relief until March 1, 2026....By: Bond Schoeneck & King PLLC
Faits récents touchant la segmentation de valeurs mobilières en unités au Canada
Le rythme des innovations technologiques accélère l’utilisation des chaînes de blocs pour améliorer et transformer les marchés financiers; et les institutions financières traditionnelles se dépêchent de suivre le mouvement. Au cours de la dernière année, aux États-Unis, des efforts plus engagés au chapitre de la réglementation ont coïncidé avec un flux quasi continuel d’annonces de nouvelles offres de services liés aux cryptoactifs et d’expérimentations sur les procédés cryptographiques par...By: Blake, Cassels & Graydon LLP
AI in the Financial System: How to Stay on the Right Side of SEC Scrutiny in 2026
AI, robo‑advice, and advanced analytics now sit inside the core of how many firms make money, manage risk, and communicate with investors, so regulators expect the same level of discipline and truthfulness around AI that they expect for any other key business process. The practical goal in 2026 is to keep using AI where it genuinely helps, but to be able to explain it clearly, supervise it, and document it so that investors are not misled and client interests are not inadvertently sidelined....By: Kohrman Jackson & Krantz LLP
SEC Rewrites the Rulebook: Revised Wells Policies Favor Transparency
On February 24, 2026, the Securities and Exchange Commission announced significant updates to its Enforcement Manual, revising the Division of Enforcement’s internal operating guidance for the first time in almost a decade. Most significantly, the updated Manual overhauls the Wells process to heighten Commission transparency......By: Bracewell LLP
Navigating In The Dark: Foreign Direct Investment Landscape Remains Unpredictable
Global foreign direct investment (FDI) regulation remains in flux. Some jurisdictions are keen to cut red tape to attract investment. But many FDI screening regimes are expanding in scope as governments increasingly focus on domestic resilience, economic and physical security, and critical technologies....By: A&O Shearman
OCC Proposes Stablecoin Issuer Regulation, Finalizes Rule on National Trust Banks Authority
The OCC released a proposed rule to implement the GENIUS Act, which (once effective) will generally prohibit any person other than a "permitted payment stablecoin issuer" (or PPSI) from issuing a payment stablecoin in the United States. It will also prohibit digital asset service providers from offering or selling a payment stablecoin to a U.S. person, unless the issuer is a PPSI or the issuer is a foreign payment stablecoin issuer that meets certain requirements. Today, different rules still...By: Davis Wright Tremaine LLP
Food Venture Financing News – Weekly Issue No. 273
Food Venture Financing Trends - Resurrect Bio, a UK-based startup, has raised an $8.1 million Series A round to help plants unlock innate capabilities to fight disease without chemical inputs....By: Davis Wright Tremaine LLP
OCC announces enforcement actions for February 2026
On February 19, the OCC announced the termination of five enforcement actions dating back to 2022. The OCC stated that it terminates enforcement actions when banks have demonstrated compliance with all articles of the enforcement action, when non‑compliant articles have become outdated or irrelevant, or when such articles are incorporated into a new action....By: Orrick, Herrington & Sutcliffe LLP
When Content Becomes Confidential: Insider Trading in Prediction Markets
There are, broadly speaking, three ways to make money on a prediction market. One is to be better than everyone else at aggregating public information about possible future outcomes. The second is to be clairvoyant. The third is to know the future because you control the outcome....By: Seward & Kissel LLP
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