Remittance service providers would need to update their disclosure statements under a narrowly tailored proposed amendment which aims to resolve issues more efficiently and save consumers time.
By Parag Patel, Barrie VanBrackle, and Deric Behar
On September 20, 2024, the Consumer Financial Protection Bureau (CFPB) proposed a rule amendment to disclosure requirements under
In this issue:
Payments Firms Launch Crypto Products, New Crypto Adoption Data Published
According to a recent press release, a well-known
The deadline is fast approaching for in-scope financial entities and their ICT service providers to conform to the EU’s new digital operational resilience regulation.
By Christian F. McDermott and Alain Traill
With effect from 17 January 2025, a broad range of EU financial entities will be subject to the new EU regulation on digital operational
In its third action involving NFTs, the SEC targets a restaurant membership token tied to fundraising and promises of potential price appreciation for buyers.
By Jenny Cieplak, Ghaith Mahmood, Nima H. Mohebbi, Stephen P. Wink, and Deric Behar
On September 16, 2024, the Securities and Exchange Commission (SEC) issued a cease-and-desist
The proposal would make key changes to the definition of “deposit broker” with significant ramifications for banks, fintechs, bank-fintech partnerships, and other third parties in the financial services industry.
By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, and Deric Behar
The Board of Directors of the Federal Deposit Insurance
Online resource provides overview of delegated acts, technical standards, and guidelines for cryptoasset businesses.
Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, a new online resource that provides cryptoasset businesses with critical information to help navigate MiCA — a robust and detailed regulatory framework for cryptoassets.
Since MiCA was first published in
Paycheck advance products that are deemed consumer loans under the CFPB’s new proposal would be subject to increased disclosure and regulatory protections.
By Parag Patel, Barrie VanBrackle, and Deric Behar
The Consumer Financial Protection Bureau (CFPB) recently proposed an interpretive rule titled “Consumer Credit Offered to Borrowers in Advance of Expected Receipt of
The case involves substantive litigation that could yield important legal principles for the treatment of decentralised projects.
By Dominic Geiser, Simon Hawkins, Sam Maxson, and Truman Mak
Decentralised autonomous organisations (DAO) are unique structures that operate autonomously in accordance with preset rules, utilising a blockchain and coordinated through a distributed consensus model.
The UK’s consultation on deregulating commercial agents could have knock-on impacts on payment services and create regulatory divergence from the EU.
By Christian McDermott, Brett Carr, and Grace Erskine
On 16 May 2024, the UK government launched a consultation into the deregulation of the Commercial Agents (Council Directive) Regulations 1993 (the Commercial Agents