Tag: Fintech LawBlog
California Legislators Continue To Assess How To Regulate Digital Assets
By Jeremy McLaughlin and Josh Durham
For the fifth time since June 2022, California Senators have amended their proposed “Digital Financial...
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CFPB Issues Advisory Opinion Strictly Interpreting Permissible Purpose for Consumer Reports
By Grant F. Butler
On July 12, 2022, the Consumer Financial Protection Bureau (“CFPB”) issued an advisory opinion that states its...
Cryptocurrency Market Downturn and Australian Regulation Update
By Daniel Knight and Kithmin Ranamukhaarachchi
In the wake of the drawn out cryptocurrency market downturn, increased regulation of the sector...
Forthcoming New York Law Expands Protections For Credit Card Reward Points
By Jeremy M. McLaughlin and Joshua Durham
Last year, on December 10, 2021, New York governor Kathy Hochul signed into law...
MiCA is Here: European Ground-breaking Rules for the Cryptocurrencies Market
By Giovanni Campi, Mathieu Volckrick, Paula Estaban Gomez
On 30 June, European institutions reached a provisional political agreement on the proposal...
Louisiana Proposes Administrative Rules for Virtual Currency Businesses
By Jeremy M. McLaughlin and Christian A. Zazzali
The Louisiana Office for Financial Institutions (“OFI”) has proposed administrative rules governing the...
Change Is Constant* and There’s a lot of Regulatory Change Happening in the UK – Impacting Fintechs and Crypto Asset companies.
By Kai Zhang
Critical third party regime
This is to address the concentration issue where financial services firms outsource key functions/services to...
UK Regulator Ready to Take on Visa/MasterCard Payment Networks
By Judie Rinearson and Kai Zhang
The UK Payment System Regulator (“PSR”), which is becoming increasingly assertive, issued on 21 June...
On Heels of Crypto Legislative Activity, NYDFS Follows Up With Crypto Stablecoin Guidance
By Jeremy M. McLaughlin, Andrew M. Hinkes, and Christian Zazzali
On June 8, 2022, the New York State Department of Financial...
New York Legislators Address Crypto Head-On
By Jeremy M. McLaughlin, Christian A. Zazzali, and Josh Durham
On Friday June 3, 2022, New York lawmakers passed two cryptocurrency...
Let Me In: Wyoming Special Purpose Bank Sues Fed for Access to Payments System
By Grant F. Butler, Andrew M. Hinkes, and Robert M. Tammero, Jr.
Custodia Bank (“Custodia”) filed a complaint against the Federal...
10 Impactful Provisions of the Lummis-Gillibrand Bill
By Andrew Hinkes, Eden Rohrer, and Judie Rinearson
The “Lummis-Gillibrand Responsible Financial Innovation Act,” announced this morning, lays out a bold...
California Soliciting Comments on Potential Regulation of Crypto Products and Services
By Jeremy McLaughlin and Christian A. Zazzali
On May 4, 2022, California Governor Gavin Newsom issued an executive order on digital...
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