This regular publication from DLA Piper focuses on helping banking and financial services clients navigate the ever-changing federal regulatory landscape.
In this edition:
- Executive order on promoting competition includes banking and consumer finance provisions.
- Federal legislation repeals OCC “true lender” rule.
- OCC wins appeal against NYDFS on national fintech charters.
- Agencies commit to joint action on CRA overhaul.
- Regulators propose guidelines for partnerships between banks and fintechs or other third-party relationships.
- Mark Calabria out as FHFA director after Supreme Court ruling on agency structure.
- Regulators push banks to transition away from LIBOR by year’s end.
- Fed to end temporary COVID-19-era restrictions on dividends and share repurchases following latest stress tests.
- BPI calls for fintechs processing payments to undergo examinations like those faced by traditional banks.
- CFPB announces transition from foreclosure moratoriums, adopts temporary safeguards for borrowers.
- New digital assets working group at House Financial Services.
- Banking Committee Republicans oppose Biden CFPB nominee.
- Delaware adds cryptocurrency to law on unclaimed property.
- NYDFS issues ransomware guidance for its regulated entities.
- California DFPI opens transition period for companies holding California Financing Law license not currently licensed through NMLS; transition requests should be submitted by December 31, 2021.
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