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
What Rohit Chopra's Return to Government Means for Consumer Financial Services Companies
California has long been one of the most influential consumer protection jurisdictions in the country. Governor Gavin Newsom's appointment of former Consumer Financial Protection Bureau (CFPB) Director and Federal Trade Commission (FTC) Commissioner Rohit Chopra to lead the state's newly created Business and Consumer Services Agency (BCSA) signals that California intends to remain at the center of that conversation....By: Venable LLP
IOSCO final report on valuing collective investment schemes
The International Organization of Securities Commissions (IOSCO) has published its final report on valuing collective investment schemes (CIS), following the November 2025 consultation. The report updates and consolidates IOSCO's earlier principles on the valuation of CIS (2013) and the valuation of hedge fund portfolios (2007) into a single set of recommendations to enhance the reliability, consistency and transparency of fund valuation practices across jurisdictions....By: A&O Shearman
OFAC sanctions largest Iranian digital asset exchanges for alleged terror finance and sanctions evasion
On June 2, the Office of Foreign Assets Control (OFAC) sanctioned four Iranian digital asset exchanges — including the country’s largest, which purportedly processed more than 50 percent of all Iranian digital asset inflows in 2025 — for allegedly facilitating sanctions evasion, terrorist financing, and transactions linked to the Iranian Revolutionary Guard Corps (IRGC)....By: Orrick, Herrington & Sutcliffe LLP
UK JMLSG consults on amendments to Part 1 of AML/CFT guidance
The UK Joint Money Laundering Steering Group (JMLSG) has published a consultation on proposed amendments to Part I of its anti-money laundering and counter-terrorist financing (AML/CFT) guidance for the financial services sector. It reflects changes introduced by the draft Money Laundering and Terrorist Financing (Amendment) Regulations 2026 (as laid and not yet made) including......By: A&O Shearman
South Carolina enacts digital asset protections and regulatory framework exempting developers and miners from licensure
On May 19, South Carolina Governor Henry McMaster signed into law S. 163, establishing a regulatory framework for digital assets and cryptocurrency in the state. The law prohibits any state governing authority from accepting or requiring payment using central bank digital currency (CBDC) or participating in any test of CBDC by the Fed or other federal agency. The law also protects the right of individuals and businesses to accept digital assets for legal goods and services and to maintain...By: Orrick, Herrington & Sutcliffe LLP
Not Every Consumer Financial Services Regulatory Engagement Is an Enforcement Action | Insights
No enforcement action. No consent order. No settlement. No public allegation of wrongdoing. No announced violation of law. Yet a federal financial regulator recently chose to publicly discuss a matter involving remediation, consumer outcomes, and regulatory engagement....By: Venable LLP
UK FCA new annual regulatory return to replace ad hoc collection of retail banking business models data
The UK Financial Conduct Authority (FCA) has published policy statement PS26/8 confirming final rules introducing a new annual regulatory return, replacing previous ad hoc retail banking business models (R2B2) data collections. The return will apply to banks and building societies meeting specified thresholds, including providing services to UK retail customers, reporting at least 200,000 UK customer relationships and having revenues of GBP5 million or more....By: A&O Shearman
Perspectives In ESG And Sustainable Investment: ESG and the Sustainable Economy Handbook
In this handbook, the term “institutional investor” covers a number of different entities that invest funds, typically in order to support a particular purpose. Institutional investors include pension funds (U.S. public pension funds, ERISA plans, and foreign pension funds) and sovereign wealth funds, as well as nonprofit organizations such as universities, private foundations, and public charities. The term also includes large family offices. Institutional investors can be divided into two...By: K&L Gates LLP
[Video] AI Today in 5: June 8, 2026, The 4 Harsh Realities Edition
Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider five stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI. Top AI stories include: • A single AML regime for the EU. ?(FinTech Global)?:...By: Thomas Fox - Compliance Evangelist
California DFPI Issues Second Modified Proposed Regulations Under Digital Financial Assets Law
On June 5, 2026, the California Department of Financial Protection and Innovation issued a second modified text of its proposed regulations under the Digital Financial Assets Law and related Money Transmission Act regulations. Comments on the second modified text and the addition of a document to the rulemaking file are due June 22, 2026....By: Shipkevich PLLC
April 2026 Litigation Update: Consumer Litigation Rises Across All Major Statutes as YTD Totals Remain Elevated
Consumer litigation activity moved higher across the board in April 2026, with WebRecon’s latest data showing the first month since March 2025 in which all three of the leading consumer protection statutes increased at the same time. Filings under the FCRA rose 4.6% from March, FDCPA filings climbed 9.2%, and TCPA filings jumped 16.6%, the largest monthly gain of the three. CFPB complaint volume was the lone category to retreat, falling 19.2% from March, though it remains well ahead of where it...By: Shipkevich PLLC
FDIC OIG releases report reviewing January failure of Illinois state-chartered bank
On June 1, the FDIC OIG published a report containing findings from its review of a state-chartered bank in Chicago that, as previously covered by InfoBytes, was closed by the Illinois Department of Financial and Professional Regulation in January and placed into FDIC receivership. The OIG determined that the bank’s failure resulted from what it characterized as the board’s and management’s failure to adequately oversee a “high-risk lending strategy” concentrated in unsecured loans and loans...By: Orrick, Herrington & Sutcliffe LLP
SEC Proposes Significant Registered Offering Reforms to Increase Public Market Access
On May 19, 2026, the U.S. Securities and Exchange Commission (the SEC or Commission) announced proposed rule and form amendments that would substantially revise the framework for registered securities offerings by U.S. public companies. The proposal is intended to facilitate capital formation by broadening access to short-form registration, expanding offering communications flexibility, and reducing certain procedural burdens associated with registered offerings, while maintaining robust...By: Wilson Sonsini Goodrich & Rosati
The Headline Is Dramatic. The Reality Is Familiar
Let’s not overcomplicate it. A federal court wiped out the 2024 Retirement Security Rule, and the Department of Labor responded the only way it really could—by reverting to the old five-part fiduciary test. That’s not reform. That’s not progress. That’s hitting rewind and pretending the last few years were just a bad sequel nobody wants to talk about....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
Overview: ESG and the Sustainable Economy Handbook
In recent years, supply chain risk management has received more attention in the context of investing with a focus on ESG and the sustainable economy. Specifically, efforts to address social issues, such as modern slavery and human rights abuses, in global supply chains have been prominent, both as a means of mitigating risk and as a proactive way to enhance brand reputation. Driving forces behind these efforts include consumers, shareholders, nongovernmental organizations, and other advocacy...By: K&L Gates LLP
SEC proposes rulemakings to modernize registered offerings and streamline filer status categories
On May 19, the SEC announced two proposed rules to modernize the registered offering process and to simplify the public company reporting framework. The agency explained that these proposed rules were designed to incentivize companies to go and stay public by reforming the regulatory framework applicable to public companies....By: Orrick, Herrington & Sutcliffe LLP
MoFo's Financial Markets & Innovation - June 5, 2026
On May 27, 2026, the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) filed parallel criminal and civil insider trading actions in the U.S. District Court for the Southern District of New York against Michele Spagnuolo, a Google software engineer based in Switzerland. The complaints allege that Spagnuolo used confidential “Year in Search” data to place highly profitable bets on a prediction market platform—profiting with approximately $1.2 million—and then...By: Morrison & Foerster LLP
US designates two Brazil-based transnational criminal organizations as terrorist entities
On May 28, 2026, Secretary of State Marco Rubio announced that the United States Department of State (DOS) designated Brazil-based drug-trafficking and transnational criminal organizations Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) as Specially Designated Global Terrorists (SDGTs) under Executive Order (EO) 13224, as amended by EO 138861, which targets terrorism financing. The DOS also announced its intention to designate CV and PCC as Foreign Terrorist Organizations (FTO),...By: DLA Piper
SEC Offering Reform Proposal (Release 33-11418)
On May 18, 2026, the Securities and Exchange Commission (SEC) released proposed amendments to the public company offering and reporting framework, which, if implemented, would represent the most significant overhaul of the offering and reporting regulations in more than two decades. The SEC’s proposals would materially expand the universe of issuers that can take advantage of the most flexible registration and offering tools. The proposed changes include:...By: Troutman Pepper Locke
SEC Proposes Streamlining Filer Status Framework and Broadening Availability of Scaled Disclosures
On May 19, 2026, the U.S. Securities and Exchange Commission (the SEC or Commission) announced proposed rule and form amendments that would streamline the existing filer status framework and extend many of today’s scaled disclosure requirements and accommodations to a significantly larger portion of reporting companies. The proposal is intended to better align disclosure and compliance obligations with issuer size and maturity while preserving core investor protections. The Commission estimates...By: Wilson Sonsini Goodrich & Rosati
Showing 121 to 140 of 4051 entries
