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Bill to Limit Classification of Insurers as ‘Systemically Important’ Receives Bipartisan Approval by the House
On February 9, 2026, the House of Representatives, in a bipartisan vote, approved H.R. 3682. This bill would place additional guardrails on the Financial Stability Oversight Council (FSOC) in designating insurance companies as systemically important financial institutions (SIFI). The FSOC was established in the aftermath of the 2008 financial crisis, to identify risks to financial stability, promote market discipline, and respond to emerging threats to financial stability. A key authority of the...By: Troutman Pepper Locke
Wiley Consumer Protection Download (February 18, 2026)
Welcome to Wiley’s update on recent developments and what’s next in consumer protection enforcement and regulation. We cover developments with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and state Attorneys General, as well as self-regulatory advertising challenges decided by BBB National Programs’ National Advertising Division (NAD). Our recent State Consumer Protection Series also provides practical insights into emerging trends and priorities at the...By: Wiley Rein LLP
Federal Court Partially Upholds Illinois Law Limiting Interchange Fees
The decision clears a legal path for state-level regulation of credit and debit card swipe fees (while striking down data usage restrictions), setting the stage for a high-stakes appeal....By: Latham & Watkins LLP
FinCEN Finalizes Nationwide Residential Real Estate Reporting Rule Effective March 1, 2026
The Financial Crimes Enforcement Network (“FinCEN”) has issued a final rule establishing mandatory reporting obligations for certain non‑financed transfers of U.S. residential real property involving entities and trusts. The rule creates a uniform, nationwide reporting regime and significantly expands federal oversight of all‑cash residential real estate transactions. Reporting applies to closings occurring on or after March 1, 2026....By: Roetzel & Andress
How Provider Silence Becomes Exhibit A in Litigation
Plan providers love to say, “We’re not the fiduciary.” And in many cases, that’s true. But here’s the uncomfortable reality: silence can still get you pulled into a lawsuit....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
UK OFSI Updates Enforcement and Monetary Penalties Guidance
On 9 February 2026, the Office of Financial Sanctions Implementation (OFSI) published the revised ‘Financial Sanctions Enforcement and Monetary Penalties Guidance’ (the Guidance) following publication of its consultation response on 29 January 2026. Our earlier client alert addressed the initial proposals set out in the 12-week public consultation....By: Akin Gump Strauss Hauer & Feld LLP
Strike Two for Texas: Federal Court Strikes Down Texas Fossil-Fuel Boycott Law
On Wednesday, a federal court in Texas permanently enjoined Texas Senate Bill 13 (SB 13), as unconstitutional under the First and Fourteenth Amendments....By: Fenwick & West LLP
UK FCA takes first court action against crypto exchange for illegal financial promotions
The UK Financial Conduct Authority (“FCA”) has announced that it has begun legal proceedings in the English courts against global crypto exchange HTX (formerly Huobi) and persons unknown (being those individuals who operate and control HTX) seeking both an injunction preventing the defendants from promoting cryptoasset services to UK consumers in breach of the FCA's rules on financial promotions and a declaration that the defendants are in breach of these rules....By: Hogan Lovells
FINRA’s Annual Guidance Spotlights AI and Cyber Risk Management and Governance
On December 9, 2025, the Financial Industry Regulatory Authority (FINRA) released its “2026 FINRA Annual Regulatory Oversight Report” (the Report), spotlighting generative artificial intelligence (AI) and cybersecurity risks as key areas of concern for 2026....By: Goodwin
Regulators Consult on Further Streamlining
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (together, the Regulators) have published parallel consultations on amendments to their respective securitisation rules. The proposals in the FCA consultation paper (CP26/6) and PRA consultation paper (CP2/26) (together, the Consultation Papers) are intended to make the UK’s securitisation rules more proportionate and less prescriptive, to reduce the compliance burden for affected firms....By: Katten Muchin Rosenman LLP
Nevada Gaming Regulators Propose AML Reforms to Regulations 5 and 25
At the February 2026 meeting, the Nevada Gaming Control Board (NGCB) recommended a suite of "groundbreaking" amendments to Regulations 5 and 25 designed to bolster anti-money laundering (AML) requirements and oversight....By: Womble Bond Dickinson
Alternative Data’s Integration into AI Fuels New Opportunities and Challenges
As the integration of alternative data with artificial intelligence (AI) systems accelerates, investment firms are experiencing both expanded opportunity and heightened responsibility. AI is proving highly beneficial in surfacing new signals, streamlining research, and unlocking new sources of alpha from complex, high‑velocity datasets. At the same time, its use is heightening firms’ exposure to model risk, governance gaps, and evolving data rights—requiring firms to implement disciplined...By: Lowenstein Sandler LLP
HL UK Pensions Law Digest 19 February 2026
A bite-sized summary of recent UK pension news- Welcome to our latest update, in which we cover: The Pensions Ombudsman: trustees able to recover overpayment The Pensions Ombudsman (TPO) determination allows trustees to recoup pension overpayment-...By: Hogan Lovells
Client Alert: The Rise of Independent Sponsors and Searchers in Private Equity
In a recent article in Deal Points, the newsletter of the ABA Business Law Section’s Mergers and Acquisitions subcommittee, Whiteford’s Clare Lewis and Charles McCarthy examine the growing influence of independent sponsors and searchers in today's competitive private equity landscape. As billions of private equity dollars chase increasingly scarce opportunities, these entrepreneurial dealmakers are proving that relationships – not capital – are the true currency of successful acquisitions....By: Whiteford
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