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 Proposes Licensing and Consumer-Protection Rules for BNPL Providers
On February 23, New York Governor Kathy Hochul announced that the NYDFS published proposed rules to implement New York’s new Buy Now, Pay Later (BNPL) oversight framework established under the New York Banking Law. The proposal would create a comprehensive licensing and supervisory regime for BNPL providers operating in the state and introduce detailed consumer-protection standards governing disclosures, fees, disputes, and data practices....By: Sheppard Mullin Richter & Hampton LLP
Land Development and Site Improvement Financing: Project Execution and Capital Coordination to Drive Activity in 2026
Complex capital stacks, phased execution, and forward absorption structures remain central to successful horizontal development transactions....By: Ballard Spahr LLP
Colorado Bill Would Reshape Auto Repossessions and Create 3‑Day Return Right for Certain Vehicles
Colorado lawmakers are considering legislation that would significantly expand consumer protections around motor vehicle finance and sales. House Bill 26‑1261, introduced on February 19, 2026 and currently pending before the House Business Affairs & Labor Committee, would overhaul repossession timelines for certain “qualified motor vehicles,” restrict use of vehicle-disabling technology, and create a three‑business‑day right to return certain vehicles purchased from dealers....By: Troutman Pepper Locke
Group therapy: Prudential v accounting consolidation in a world of SPVs
The EBA's January 2026 Report on consolidation comes at a particularly important stage in the evolution of bank balance sheet management. Banks increasingly rely on sophisticated risk-transfer and funding structures, yet the prudential framework must remain capable of calibrating capital requirements in a way that is both effective and proportionate: robust enough to capture residual or re-emerging risk, but not so blunt as to produce economically unjustified double counting where no additional...By: Hogan Lovells
SDNY Formalizes Updated Corporate Self‑Disclosure Program, Offering Fast-Track Declinations and Clear Consequences for Silence
On Feb. 24, SDNY announced its updated Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes. The updated policy follows remarks by U.S. Attorney for SDNY Jay Clayton previewing the “big carrot” of fast-tracked corporate declinations at the Securities Enforcement Conference earlier this month....By: BakerHostetler
FRB Proposes to Eliminate Reputation Risk from Banking Supervision
The Proposal aims to center the FRB’s supervisory decisions on material financial risks and increase supervisory clarity and precision....By: Latham & Watkins LLP
Lender Beware: Your Virginia Deed of Trust May Be Void if You Dealt With a Bad Actor
The lender on a Virginia commercial property has seen its deed of trust held void after it dealt with a person who pledged his company’s property, without authority, for the benefit of his own separate business....By: Parker Poe Adams & Bernstein LLP
Consumer Financial Services Bites of the Month - February 2026 - "February Seven"
In this month's article, we share some of our top "bites" covered during the February 2026 webinar....By: Hudson Cook, LLP
February Tip of the Month: New York Prohibits Use of Consumer Credit History Checks in Employment-Related Decisions
Effective April 18, 2026, an amendment to the New York State Fair Credit Reporting Act will prohibit employers from requesting or relying upon an applicant’s or employee’s “consumer credit history” when making employment-related decisions, except in narrow circumstances....By: Perkins Coie
Eighth Circuit Confirms Limits on FCRA Furnisher Duties in Late-Payment Dispute Against Mortgage Servicer
In a recent decision, the U.S. Court of Appeals for the Eighth Circuit affirmed summary judgment in favor of Freedom Mortgage Corporation, rejecting Fair Credit Reporting Act (FCRA) claims brought by borrowers who insisted they had made their mortgage payments on time. The court held that the servicer accurately reported a 30‑day late payment and conducted a reasonable investigation in response to the borrowers’ disputes forwarded to it by the consumer reporting agencies (CRAs)....By: Troutman Pepper Locke
OFAC’s Settlement with IMG Academy: Sanctions Enforcement Implications for Educational Institutions
On February 12, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced a $1.72 million settlement with IMG Academy for accepting tuition payments from parents who were sanctioned under the Kingpin Act....By: Williams Mullen
OCC Proposes Rules to Implement the GENIUS Act for Payment Stablecoin Issuers
On February 25, 2026, the Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) governing payment stablecoin issuance and related activities by entities subject to OCC oversight....By: Sheppard Mullin Richter & Hampton LLP
Crypto Brief - Lowenstein Crypto Newsletter - February 26, 2026
OCC Issues Proposed Rule to Implement the GENIUS Act- On Feb. 25, the Office of the Comptroller of the Currency (OCC) issued a 376-page Notice of Proposed Rulemaking (Bulletin 2026-3) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with respect to federal qualified payment stablecoin issuers....By: Lowenstein Sandler LLP
Democratic senators press fed vice chair for supervision on recent oversight actions
On February 18, two groups of senators, both led by Sen. Elizabeth Warren (D-MA), issued letters to the Fed’s vice chair for supervision requesting information on recent reported actions that the senators contend may weaken federal oversight of the banking sector. Both letters requested responses to specified questions by February 25....By: Orrick, Herrington & Sutcliffe LLP
Washington DFI Enters Consent Order with Digital Assets-Focused Money Transmitter
On February 9, 2026, the Washington State Department of Financial Institutions (DFI) entered into a consent order with a digital assets-focused money transmitter requiring the company to cease and desist from violating Washington’s Uniform Money Services Act and to surrender its money transmitter license within 90 days. The order followed DFI’s investigation, which concluded the company allegedly engaged in unfair and deceptive practices and unsafe and unsound business conduct under state law....By: Sheppard Mullin Richter & Hampton LLP
[Video] From The Editor’s Desk: Reflections from February and Insights into March for Compliance Week
In this episode of ‘From the Editor’s Desk,’ Tom Fox visits with Aaron Nicodemus to discuss highlights from Compliance Week in January and February and take a look at what is coming down the pike in March, including the upcoming “Inside the Mind of the CCO” survey. They also begin to preview the 2026 National Conference in May. Key highlights: • February Story Roundup • March AI Coverage Plans • CCO Survey Early Findings • Long Form Investigations Ahead • AI Governance Reality Check • TPRM...By: Thomas Fox - Compliance Evangelist
SDNY Launches Revised Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes
On February 24, 2026, Jay Clayton, the US Attorney for the Southern District of New York (“SDNY”), announced an updated Corporate Enforcement and Voluntary Self-Disclosure Program to incentivize companies to disclose illegal activity involving fraud and other financial misconduct affecting market integrity....By: WilmerHale
Senators Introduce American Lending Fairness Act to Clarify DIDMCA Opt-Out Authority
On February 12, Senator Bernie Moreno introduced the American Lending Fairness Act of 2026, legislation that would amend the Federal Deposit Insurance Act and the Federal Credit Union Act to clarify the scope of federal interest rate exportation for state-chartered banks and credit unions....By: Sheppard Mullin Richter & Hampton LLP
UK Financial Insights from Katten | Issue 30
UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....By: Katten Muchin Rosenman LLP
The Myth That Technology Alone Makes a Great Plan Provider
There’s a growing belief in the retirement industry that technology equals quality. Sleek dashboards, mobile apps, and automation are valuable, but technology alone doesn’t make a great plan provider. If it did, fiduciary breaches would have disappeared years ago....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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