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
District court grants summary judgment to mortgage servicer in payoff statement fee case
On August 22, the U.S. District Court for the Western District of Washington granted summary judgment in favor of a defendant mortgage servicer in a class action lawsuit challenging fees charged for expedited delivery of payoff statements....By: Orrick, Herrington & Sutcliffe LLP
Trump-Era Guidance on 401(k) Investments—Crypto, Private Equity, and What It Means for Plan Providers
I ’ve been around the block long enough to know that ERISA doesn’t care about the latest shiny object. It doesn’t care whether CNBC is hyping Bitcoin as the new gold, or whether private equity firms are pounding the table about “democratizing access” for working Americans. The Department of Labor doesn’t weigh in on fads; it weighs in on process. You can love crypto like it’s the next internet revolution, or hate it like it’s a scam cooked up in someone’s basement—it doesn’t matter. The only...By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
Healthcare & Life Sciences Private Equity Deal Tracker: Nautic to Acquire KabaFusion
Nautic Partners will acquire KabaFusion, according to a news release. KabaFusion, founded in 2010 and with headquarters in Cerritos, California, and Lexington, Massachusetts, is a national provider of chronic and acute infusion therapies....By: McGuireWoods LLP
Private Markets in 401(k) Plans: An Opportunity or a Pandora’s Box?
A new Empower survey has made some waves in the retirement plan industry. According to their July 2025 survey, a striking 68% of advisors already use private market investments—things like private equity, private credit, and private real estate, mostly in high-net-worth or wealth-advised accounts. More surprising is that 58% of those advisors would recommend private markets within retirement plans. Among advisors with pension or defined benefit experience, that number jumps to 75%. Overall, 43%...By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
Fifth Circuit holds district court lacks jurisdiction to provide relief from FDIC enforcement
On August 25, the U.S. Court of Appeals for the 5th Circuit reversed and remanded a district court’s decision that granted injunctive relief in an FDIC enforcement action against a bank executive. The FDIC initiated the enforcement action in 2014, resulting in a final order from the FDIC’s board of directors that the bank CEO be removed from bank-related positions, barred from future work in the banking industry, and imposing a $200,000 civil penalty. The CEO argued, among other claims, that the...By: Orrick, Herrington & Sutcliffe LLP
Bank groups ask court to delay Section 1033 rule’s compliance dates
On August 13, the plaintiffs in a case challenging the CFPB’s Section 1033 rule filed a brief asking the court to stay the rule’s compliance deadlines and enjoin the rule until one year after the case concludes. The plaintiffs argued to the U.S. District Court for the Eastern District of Kentucky that it would be “profoundly unfair” to force banks to spend time and money complying with a data-sharing mandate that the Bureau itself now considers unlawful and intends to overhaul....By: Orrick, Herrington & Sutcliffe LLP
Congressional researchers note one-year mark since proposed financial data rule
On August 25, the Congressional Research Service (CRS) released a report detailing the implementation status of joint agency data standards required under the Financial Data Transparency Act (FDTA). The FDTA requires agencies overseeing financial institutions to adopt uniform data standards for collecting information....By: Orrick, Herrington & Sutcliffe LLP
FDIC Proposes Greater Flexibility for Digital and ATM Signage Requirements
On August 19, 2025, the Federal Deposit Insurance Corporation (FDIC) Board of Directors published a Notice of Proposed Rulemaking to update regulations on how banks display the FDIC official digital sign and related non-deposit signage. ...By: Goodwin
[CLE Hybrid Event] Capital Raising in a Changing Market - How Real Estate Companies and REITs Are Raising Capital in Private and Public Markets - September 30th, New York, NY
Join partners in Vinson & Elkins’ Real Estate Capital Markets and Mergers & Acquisitions group, and external guest speakers from Wells Fargo and MCB Real Estate, as they discuss capital raising alternatives available to real estate companies and REITs in today’s evolving market landscape....By: Vinson & Elkins LLP
CFPB releases report on implementing scientific tenets
On August 20, the CFPB released a report describing the actions it will take to implement “Gold Standard Science.” On May 23, President Trump issued Executive Order 14303, “Restoring Gold Standard Science,” directing federal agencies to update policies governing the production and use of scientific information....By: Orrick, Herrington & Sutcliffe LLP
The GENIUS Act - a boost for fund tokenisation
The recently passed GENIUS Act might provide a major boost for the tokenisation of funds. A regulated, blockchain-based payment mechanism brings the automation of payments by tokenised funds a step closer. Drawdowns and distributions might now be effected by transfers of stablecoins to and from the wallets of investors, without the need to utilise traditional bank accounts....By: Carey Olsen
Wire Fraud: Should banks CYA by tightening up on KYC?
After a long weekend, Finance Manager Joe sits at his desk to read his emails. One of the emails is from a trusted vendor with whom the Joe communicates on a regular basis, regarding an unpaid invoice that is due immediately. The vendor tells Joe that he was having “issues” with his bank and recently changed accounts. The vendor provides instructions for Joe to wire funds. As this is a known partner with whom the company has a good relationship, Joe wires the amount due....By: Constangy, Brooks, Smith & Prophete, LLP
Contractor Licensing Issue Voids Construction Loan in Georgia
A recent case out of Georgia involved a contractor's licensing failure voiding the construction loan that was financing the project. However, there was a twist....well, several twists—a contractor who was also a lender, an end-of-the-world bunker, and a property that couldn't be developed....By: Hudson Cook, LLP
The Race to Net-Zero: Who Holds the Key to Unlocking Billions of Further Carbon Funding?
The global carbon credit market is enormous – it is valued between a range in the hundreds of billions to trillions U.S. dollars - and split between two distinct markets, compliance (regulated) and voluntary (corporate/social) markets....By: BCLP
PCAOB Delays Implementation of QC 1000 Until December 2026
The Public Company Accounting Oversight Board (PCAOB) announced yesterday that the effective date for QC 1000, A Firm’s System of Quality Control, would be delayed until December 15, 2026, though audit firms may elect to comply with the requirements earlier (other than with respect to reporting to the PCAOB as required under QC 1000)....By: WilmerHale
[Video] College Financial Planning with Jack Wang
In this episode of 'The Sandwich Generation Survival Guide', host Candace Dellacona welcomes Jack Wang, a wealth advisor at Innovative Advisory Group and host of 'The Smart College Buyer' podcast. They discuss Jack's journey from commercial banking to wealth advising with a focus on college financial aid planning. Jack provides in-depth strategies on how families can maximize financial aid, the importance of early planning, and the nuances of different aid sources. They also explore the role of...By: Offit Kurman
The case for payment regulations in the Crown Dependencies
Payments was historically a hidden component of financial services only fully understood by specialists. In the last 20 years, however, it has become a strategic differentiator not just between banks but also between jurisdictions. The EU and UK have payments regulatory frameworks that are already ahead of those in the Crown Dependencies (CDs). Both are in the process of making further improvements to those frameworks....By: Walkers
[Audio] Paddle's Payment Predicament: Unpacking FTC's Compliance Crackdown — Payments Pros – The Payments Law Podcast
In this episode of Payments Pros, hosts Keith Barnett and Carlin McCrory examine the recent $5 million settlement between the Federal Trade Commission (FTC) and Paddle.com, a UK-based payment processor. The discussion centers on the FTC's allegations against Paddle for violating the Restore Online Shoppers' Confidence Act (ROSCA) and the Telemarketing Sales Rule (TSR). Paddle's practice of aggregating merchant transactions under its own name led to significant compliance issues with card network...By: Troutman Pepper Locke
Open Call: CFPB Seeks Comments on New Section 1033 Open Banking Rule
The first step in the future of open banking under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank" or the "Act") is here: in a notice posted August 22, 2025 (the "Notice"), the Consumer Financial Protection Bureau ("CFPB") invited comments on its open banking rule, through which the CFPB implements the requirements of Section 1033 of the Act. The CFPB intends to move quickly and intentionally, as the notice provides for a 60-day comment period and focuses its feedback...By: Saul Ewing LLP
Public Companies Quarterly Update (Q2 2025)
Welcome to Saul Ewing's Public Companies Quarterly Update series. Our intent is to, on a quarterly basis, highlight important legal developments of which we think public companies should be aware....By: Saul Ewing LLP
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