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[Video] Compliance into the Weeds: Settlement of OCC Charges for Wells Fargo Internal Auditors
The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly take a deep dive into the settlement of charges by the OCC with two former top audit executives at Wells Fargo for their oversight...By: Thomas Fox - Compliance Evangelist
[Video] 2 Gurus Talk Compliance: Episode 51 – The Compliance Week at 20 Edition
What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! Stories this week include: • SFO plans to explore whistleblower rewards in fraud crackdown (Scottish Financial News) • Power Shift: What Happens When America Steps Back From Global AML Enforcement? (Corporate Compliance Insights) • AI Is Enabling an Always-On Economy....By: Thomas Fox - Compliance Evangelist
UK Regulatory Capital Reforms: A Boost for Start-Up Founders and Venture Capital Investors?
In its recent consultation [CP25/10: Definition of capital for FCA investment firms] (Consultation), the Financial Conduct Authority (FCA) has stated that it wants to amend its capital rules for investment firms — such as wealth managers, financial advisers, and brokers — set out in the MIFIDPRU section of the FCA rules....By: Goodwin
[Video] Daily Compliance News: May 2, 2025, The Law Firm Dumped Edition
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy morning coffee, and listen to the Daily Compliance News. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Top stories include: • Kohl’s CEO fired for sending business to a romantic...By: Thomas Fox - Compliance Evangelist
Texas FAIR Plan: Opportunities and Challenges for Private Insurers
As natural disasters continue to impact the insurance market, Texas has seen a surge in policyholders relying on the Texas FAIR Plan Association for coverage....By: WaterStreet Company
Workouts That Work: Strategic Alternatives to Foreclosure
Our new insightful and informative series, “Protecting Lenders: Strategic Responses to Borrower Default," is designed to provide comprehensive guidance on managing borrower defaults effectively. This four-part series covers the essential aspects of default management from initial response through various resolution strategies....By: Shipman & Goodwin LLP
Contingent Deferred Annuities: Time for Renewal?
Contingent deferred annuities (CDAs) represent an interesting approach to securing lifetime income but have struggled for recognition in the marketplace since their introduction more than a decade ago. Recent developments, however, offer the product a chance for new life and offer advisers an opportunity to build out their toolkits for assisting investors who want a more secure investment program....By: Carlton Fields
Focus on Fintech – Q1 2025
Welcome to Wilson Sonsini’s Focus on Fintech newsletter. This quarterly newsletter provides ongoing analysis and commentary on regulatory developments impacting the fintech industry. In this issue, our attorneys discuss updates and developments from federal and state regulators, Congress, and presidential actions, including those related to cryptocurrency and virtual currency, regulated securities intermediaries, securities offerings, enforcement, consumer protection, and banking....By: Wilson Sonsini Goodrich & Rosati
White House Establishes a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile: What It Is and What It Implies
On March 6, President Trump issued an Executive Order establishing a Strategic Bitcoin Reserve capitalized by Government BTC and a U.S. Digital Asset Stockpile capitalized by other crypto assets. Creating the Strategic Bitcoin Reserve is the first time the United States has designated a cryptocurrency as a strategic national reserve asset....By: Lathrop GPM
Mortgage Loan Assumptions in Commercial Real Estate Purchase Agreements
Interest rates remain stubbornly high, and the forecast for rate cuts remains unclear. In this environment, commercial real estate buyers may need to consider creative financing solutions. Typically, non-cash buyers will encumber the property with a new loan at closing after seller pays off any existing debt. In the current market, however, buyers may want to explore whether they can assume seller’s existing mortgage, especially if seller’s interest rate is significantly lower than what is...By: Stoel Rives LLP
Recent Developments for UK PLCs May 2025
On 14 April 2025, the FCA published its updated regulatory initiatives grid, which sets out its regulatory pipeline — the first update since the new UK government came to power. The new grid outlines the expected timings of existing initiatives, but does not announce any new policy work....By: Latham & Watkins LLP
Is SEC Whistleblower Program Topping Out?
Since its establishment more than a dozen years ago, the SEC’s whistleblower program has grown substantially — in terms of the number of whistleblower tips received by the SEC, as well as the number and dollar amount of awards paid to whistleblowers. The annual report that the SEC Office of the Whistleblower has filed with Congress covering fiscal year 2024, however, suggests the program has recently been leveling off....By: Carlton Fields
Ousted Democratic NCUA board members file suit
The two Democratic NCUA board members ousted by President Trump have filed suit, arguing that their firings violated federal law....By: Ballard Spahr LLP
No Harm, No Foul: Statutory Violations and Consumer Harm
"No harm, no foul" is a common saying. As it turns out, that saying is sometimes true in law. An important prerequisite for a lawsuit in federal court is that the plaintiff have standing to sue....By: Hudson Cook, LLP
British Virgin Islands investment funds - Spring 2025 update
Our investment funds team outline the latest developments within the investment funds market in the British Virgin Islands ("BVI"), including the funds statistics from the British Virgin Islands Financial Services Commission for Q4 and recent updates to implementation of beneficial ownership filings....By: Carey Olsen
Removal of NCUA Board Members: What it Means for You
After the first 100 days of President Donald Trump’s second term, few areas of government have avoided disruption or controversy, and the regulation of credit unions—normally a quiet corner within the federal bureaucracy—has been no exception. By its statutory creation and evolved operations, the National Credit Union Administration (NCUA) has long functioned as a consensus-driven, bipartisan regulator not normally associated with political intrigue; however, on April 16, 2025, President Trump...By: Husch Blackwell LLP
UK: HMT publishes draft Statutory Instrument on cryptoasset activities
The UK government has published long-awaited draft legislation setting out how the regulatory perimeter will be expanded to include cryptoassets, with the introduction of new regulated activities relating to cryptoassets, including stablecoins....By: Hogan Lovells
LLR Closes New Fund With $2.45 Billion
LLR Partners has announced the close of a new fund. The fund — LLR Equity Partners VII — closed at $2.45 billion....By: McGuireWoods LLP
Consumer Duty: UK FCA raises the bar for international payment pricing transparency
The FCA has published the findings from its review of firms’ approach to pricing transparency when offering UK customers international money remittance and cross border payments. It highlights proactive and clear disclosure of transaction fees and any additional fees (eg intermediary bank fees) and the fact that fees can vary, and ease of access of relevant information for consumers (eg on firms’ websites), as particular areas of focus....By: Hogan Lovells
Channel Islands Regulatory Update: April 2025
This update provides an overview of the recent key publications, findings and reports issued during the last quarter....By: Walkers
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