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2 months ago | 
arnoldporter.com | Richard Alexander |Robert Azarow |James Bergin |David Freeman
Since taking office on January 20, 2025, President Donald J. Trump has signed a staggering number of Executive Orders 1 and Memoranda,2 and more continue to be issued each day. These executive actions signal President Trump’s aggressive agenda to significantly redefine federal policy in a range of areas.
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Jan 22, 2025 | 
dailyjournal.com | Richard Alexander
For reprint rights or to purchase a copy of your Daily Journal photo, email [email protected] for prices or call 949-702-5390. To buy more copies, call 866-531-1492 or email [email protected] to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more... Subscribe10 Most ReadJan. 22, 2025Jan. 17, 2025Jan. 24, 2025Jan. 21, 2025Jan. 17, 2025Jan. 17, 2025Jan. 17, 2025Jan. 21, 2025The Wall Street Journal's editorial on Jan.
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Jul 11, 2024 | 
arnoldporter.com | John Elwood |Richard Alexander |Robert Azarow |James Bergin
Key decisions from the 2023-2024 U.S. Supreme Court term presage a “seismic shift”1 in administrative law that could very well result in “a tsunami of lawsuits”2 against the federal government. At a minimum, the financial services industry is facing significant uncertainty as to what regulations and regulatory decisions will survive legal challenges, and there is potential for some big changes.
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Jun 20, 2024 | 
mondaq.com | Richard Alexander |Michael Mancusi |Meredith B. Osborn |Kevin Toomey
As part of its ongoing efforts to reduce what it views as corporate recidivism, the Consumer Financial Protection Bureau (CFPB) issued a final rule on June 3, 2024 that will require certain nonbank financial companies to register with the CFPB when they become subject to final agency orders alleging violations of consumer financial laws (Final Rule).1 For nonbank financial companies subject to the CFPB's supervisory authority, a senior executive will also be required to provide a written...
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Jun 18, 2024 | 
arnoldporter.com | Richard Alexander |Michael Mancusi |Meredith B. Osborn |Kevin Toomey
As part of its ongoing efforts to reduce what it views as corporate recidivism, the Consumer Financial Protection Bureau (CFPB) issued a final rule on June 3, 2024 that will require certain nonbank financial companies to register with the CFPB when they become subject to final agency orders alleging violations of consumer financial laws (Final Rule).1 For nonbank financial companies subject to the CFPB’s supervisory authority, a senior executive will also be required to provide a written...
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Jan 10, 2024 | 
mondaq.com | Richard Alexander |Marcus A. Asner |James Cooper |David Freeman
On December 21, 2023, the Financial Crimes Enforcement Network
(FinCEN) finalized its long-anticipated Access Rule, the second of its three major
rulemakings to implement the Corporate Transparency Act
(CTA).1 The Access Rule prescribes the circumstances
under which beneficial ownership information (BOI) reported to
FinCEN may be disclosed to authorized recipients, and how
recipients must safeguard the BOI.
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Oct 26, 2023 | 
mondaq.com | Richard Alexander |Robert Azarow |James Bergin |David Freeman
On October 11, the Federal Deposit Insurance Corporation (FDIC)
issued a proposed rule and guidelines (NPR)
that would require all FDIC-supervised insured depository
institutions to adopt corporate governance and risk management
standards that are comparable to those expected of banking
organizations with US$100 billion or more in total consolidated
assets (proposed guidelines).
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Aug 7, 2023 | 
mondaq.com | Richard Alexander |Robert Azarow |James Bergin |Amber Hay
On July 27, 2023, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (together, the Agencies) published the long-awaited notice of proposed rulemaking (NPR) to implement the final components of the Basel III standards (Basel III Endgame) set by the Basel Committee on Banking Supervision in 2017.1 The NPR, which spans over a thousand pages, would substantially...
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Aug 3, 2023 | 
arnoldporter.com | Richard Alexander |Robert Azarow |James Bergin |Amber Hay
On July 27, 2023, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (together, the Agencies) published the long-awaited notice of proposed rulemaking (NPR) to implement the final components of the Basel III standards (Basel III Endgame) set by the Basel Committee on Banking Supervision in 2017.1 The NPR, which spans over a thousand pages, would substantially...
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May 24, 2023 | 
mondaq.com | Richard Alexander |Robert Azarow |David Freeman |Amber Hay
On April 28, 2023, the Board of Governors of the Federal Reserve
System (the Federal Reserve or Fed) issued a report
(the Fed Report) summarizing its review of the conditions that
led to the failure of Silicon Valley Bank (SVB), including the
Fed's own supervision and regulation of the bank. The full
report included a cover letter by Michael S.
