CFPB Proposes Regulatory Oversight Over BigTech and Other Providers of Digital Wallets and Payment Apps
On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) announced a proposal to subject certain large digital consumer...
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FSOC Overhauls Standards for Designating Nonbanks as Systemically Important
On November 3, 2023, the Financial Stability Oversight Council (FSOC) released (i) a new “analytic framework” that sets forth how it will...
CFPB Proposes “Open Banking” Rule Under Section 1033 of Dodd-Frank
On October 19, 2023, the Consumer Financial Protection Bureau issued a long-awaited proposed rule that would require depository and...
U.S. Regional Banks Face New Long-Term Debt Requirement
On August 29, 2023, the U.S. federal banking regulators issued a proposal that would establish a long-term debt (LTD) requirement for...
Shearman & Sterling Announces New Leadership of FinTech Foundry
Shearman & Sterling LLP has announced the appointment of partners Jennifer D. Morton and Mark Chorazak to lead its FinTech Foundry as...
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