News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.
Latest news
401(k) Plan Providers Need to Stop Waiting for the Phone to Ring
Too many plan providers run their practices by waiting for the phone to ring. A plan sponsor calls with a problem, and the provider responds. An advisor asks a question, and the provider answers. A compliance deadline approaches, and the provider completes the required work. On paper, that may look like service. In reality, it is little more than maintenance. Reactive service is not enough in the modern 401(k) world. Plan sponsors face increasing fiduciary responsibilities, regulatory...By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
2026 Ontario Budget: Select Pension Measures
On March 26, 2026, the Ontario government tabled its 2026 budget (2026 Budget), which included a number of provisions related to pensions....By: Blake, Cassels & Graydon LLP
Your Employees Don’t Hate the 401(k)—They Hate Confusion
When participation is low or complaints start to surface, plan sponsors often assume the issue is money. Not enough matching. Not enough generosity. Not enough incentive. In reality, most participant dissatisfaction comes from something far simpler: confusion....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
FHFA reinstates ‘grandfather’ exceptions to Private Transfer Fee Covenants regulation
On March 17, the FHFA amended its “Private Transfer Fee Covenants Regulation,” to reinstate “grandfather” exceptions. The rule restores timing and transitional applicability provisions that exempt mortgages on properties encumbered by private transfer fee covenants created before February 8, 2011, or created pursuant to pre-February 8, 2011, agreements in settlement of litigation or approved by a government agency — provisions that were removed in a 2024 amendment....By: Orrick, Herrington & Sutcliffe LLP
FSOC issues updated guidance on nonbank financial company designations
On March 25, the Financial Stability Oversight Council (FSOC) released for public comment proposed interpretive guidance on nonbank financial company designations. The guidance proposes to replace FSOC’s 2023 guidance and analytic framework for financial stability risks ......By: Orrick, Herrington & Sutcliffe LLP
Client Alert: New York’s Mandatory Retirement Savings Program: What Employers Need to Know Before March 16, 2026
New York employers who do not offer a retirement plan are about to face a new compliance obligation. The New York Secure Choice Savings Program requires covered private-sector employers to automatically enroll their employees in a state-facilitated Roth IRA through payroll deduction....By: Whiteford
New York Attorney General Subpoena Defense Lawyer Discusses Top 10 Consumer Complaints of 2025
On March 2, 2026, New York Attorney General Letitia James released a list of the top 10 consumer complaints received by the Office of the Attorney General (OAG) in 2025. The top fraud categories include retail, housing, automobile, Internet and banking. The top complaints concerned high prices of essential goods and services, housing issues, bank fraud and violations of online privacy....By: Hinch Newman LLP
Texas proposes rules on regulatory framework for commercial financing providers, term and recordkeeping requirements for certain licensees
On March 6, the Finance Commission of Texas published three proposed rules from the Office of Consumer Credit Commissioner (OCCC) in the Texas Register, including a proposal establishing a new regulatory framework for commercial sales-based financing providers and brokers under Texas Finance Code, Chapter 398, which was enacted by HB 700 in June 2025....By: Orrick, Herrington & Sutcliffe LLP
Connecticut suspends crypto kiosk operator for violating consumer protection laws
On March 9, the Connecticut Department of Banking summarily suspended a virtual currency kiosk operator’s money transmission license and issued a temporary cease and desist order after an investigation found purported widespread violations of the state’s Money Transmission Act and virtual currency kiosk statutes....By: Orrick, Herrington & Sutcliffe LLP
Eighth Circuit affirms TILA dismissal, revives FDCPA claim
On March 23, the U.S. Court of Appeals for the 8th Circuit affirmed in part, vacated in part, and remanded in a case arising from a Minnesota nonjudicial foreclosure, upholding the dismissal of a TILA claim against a national bank but reinstating an FDCPA claim against the bank’s foreclosure counsel....By: Orrick, Herrington & Sutcliffe LLP
U.S. Supreme Court declines review in CFPB enforcement action
On March 23, the U.S. Supreme Court denied certiorari in a long-running CFPB enforcement action over allegations that a mortgage payment product involved deceptive and abusive representations, including overstating consumer savings and creating the false impression of affiliation with consumers’ lenders....By: Orrick, Herrington & Sutcliffe LLP
District court vacates FinCEN’s residential real estate reporting rule
On March 19, the U.S. District Court for the Eastern District of Texas vacated a previously effective final rule issued by FinCEN requiring reporting of any non-financed residential real estate transfers to entities or trusts. The court held that the rule exceeded FinCEN’s statutory authority under the Bank Secrecy Act, finding that neither provision cited by the agency — a requirement for suspicious transaction reports and authority to mandate institutions maintain procedures for compliance —...By: Orrick, Herrington & Sutcliffe LLP
Fifth Circuit denies petition to review district court jurisdiction over FDIC enforcement
On March 20, the U.S. Court of Appeals for the 5th Circuit denied a petition for rehearing en banc in a case concerning whether 12 U.S.C. § 1818(i) strips district courts of jurisdiction to hear constitutional challenges to the FDIC’s in-house enforcement proceedings....By: Orrick, Herrington & Sutcliffe LLP
Avoiding Regulatory Reckoning: The #1 Problem in Surveillance with Translated Due Diligence Lexicons
Somewhere between “approved in English” and “translated into 27 languages,” many banks’ surveillance infrastructures collapse. And yet, the institutions themselves don’t realize anything has failed—or how vulnerable it has left them. At the center of this vulnerability sits multilingual lexicon translation, a function most banks assume is routine but which directly determines the integrity of their surveillance lexicons....By: TransPerfect Legal
Digital asset exchange announces crypto-backed mortgage product saleable to Fannie Mae
On March 26, a digital asset exchange, partnering with an online mortgage lender, announced the launch of what the companies described as the first mortgage product in the U.S. that allows borrowers to pledge crypto assets as down payment collateral while being saleable to Fannie Mae....By: Orrick, Herrington & Sutcliffe LLP
Food Venture Financing News – Weekly Issue No. 277
Food Venture Financing Trends - Chobani invests $567 million to expand its LA Colombe facility in Michigan to grow its ready-to-drink, multi-serve, and coffee beans operations....By: Davis Wright Tremaine LLP
What Every Multinational Should Know About … How to Cope with New Court Decisions Expanding Supply Chain Integrity Risks: Six Steps for Enhancing Supply Chain Compliance
For many years, corporate human rights litigation in U.S. courts centered on a single statute: the Alien Tort Statute (ATS). Plaintiffs seeking to hold companies liable for alleged violations of international law frequently relied on the ATS as the primary jurisdictional vehicle for bringing those claims....By: Foley & Lardner LLP
[Video] Sunday Book Review: March 29, 2026, The Top Books for COs Edition
In the Sunday Book Review, Tom Fox considers books that would interest compliance professionals, business executives, or anyone curious. It could be books about business, compliance, history, leadership, current events, or anything else that might interest Tom. In this episode, we look at 4 top books that every compliance professional should read and have in their library. • The Complete Works of Sherlock Holmes by AC Doyle • Higher Ground by Alison Taylor • The Honest Truth About Dishonesty by...By: Thomas Fox - Compliance Evangelist
FinCEN Issues Implementation Guidance for the Residential Real Estate Reporting Rule Requiring Reporting for Certain All-Cash Residential Real Estate Transactions
Introduction: The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued additional implementation guidance for its Residential Real Estate Reporting Rule (the “Rule”), including its Residential Real Estate Reporting Requirements Fact Sheet (the “Requirements Fact Sheet”), Exceptions Fact Sheet (the “Exceptions Fact Sheet”), Customer Information Fact Sheet (the “Customer Information Fact Sheet”), the Real Estate Report Information Checklist (the “Information...By: Nelson Mullins Riley & Scarborough LLP
Navigating Liquidity, March 2026 - The Liquidity Lifeline - How Subscription Lines Help BDCs and Interval Funds Navigate Redemption Pressures
Subscription credit facilities have long been a staple of traditional private equity fund finance, but their application to business development companies (“BDCs”) and interval funds deserves fresh attention, particularly now, as the private credit market confronts a liquidity environment that few participants anticipated even twelve months ago....By: Cadwalader, Wickersham & Taft LLP
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