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Under Pressure and Proving It
What Marketing Leaders in Financial Services are Doing Differently - The pressure on marketing teams in financial services has been building for years. Tighter budgets, leaner headcounts, more scrutiny from leadership, and a technology landscape that changes faster than most teams can absorb. The question used to be: are we doing enough? Increasingly, it has become: can you prove it?...By: Integreon
CFPB announces 2025 HMDA mortgage lending data now available
On March 31, the CFPB announced that 2025 HMDA Modified Loan Application Register data is now available on the FFIEC’s HMDA Platform for approximately 4,768 HMDA filers. As required by HMDA, financial institutions are to maintain, report, and publicly disclose loan-level information about mortgages....By: Orrick, Herrington & Sutcliffe LLP
United States: Did you Predict This? Why Prediction Markets may be Your Next Compliance Headache.
Prediction markets and event contracts have gone mainstream. Prediction market platforms offer contracts on virtually any event you can imagine, and increasingly advisers and their personnel, including portfolio managers, are signing up. If your compliance program hasn’t caught up to the issues that prediction markets raise, you may have a problem you don’t know about yet....By: K&L Gates LLP
Healthcare & Life Sciences Private Equity Deal Tracker: LongueVue Leads Investment in Apex Dental
LongueVue Capital (LVC) has announced a strategic investment in Apex Dental Laboratory Group in partnership with Swaney Group Capital (SGC). Apex, founded in 2015 and headquartered in Waco, Texas, operates a network of 16 dental laboratories across 12 states....By: McGuireWoods LLP
Treasury issues first proposed rule under GENIUS Act on state stablecoin oversight
On April 1, Treasury issued an NPRM seeking public comment on its first proposed regulation implementing the GENIUS Act, enacted in July 2025, which establishes a comprehensive payment stablecoin regulatory framework . The proposed rule, which would implement section 4(c) of the act, outlines broad principles for determining whether a state-level regulatory regime is “substantially similar” to the federal regulatory framework for payment stablecoins and, when such a determination is made,...By: Orrick, Herrington & Sutcliffe LLP
ESMA Publishes Guidelines On Stress Test Scenarios Under The MMF Regulation
The European Securities and Markets Authority (ESMA) has published the official translations of its guidelines on stress test scenarios under the Regulation on Money Market Funds (MMF Regulation). The guidelines apply to competent authorities, MMFs and managers of MMFs as defined in the MMF Regulation....By: A&O Shearman
Delaware's Bid for Digital Asset Leadership: Senate Bills 16 and 19 Propose a Modernized Banking and Stablecoin Framework
On March 23, 2026, Delaware senators introduced two companion bills: Senate Bill 19, the Delaware Payment Stablecoins Act ("SB19"), which would create a comprehensive state licensing and regulatory framework for payment stablecoin issuers and digital asset service providers operating with, or on behalf of, Delaware residents; and Senate Bill 16, the Delaware Banking Modernization Act of 2026 ("SB16"), which would add foundational digital asset definitions....By: Jones Day
The CFTC is Watching: Enforcement Director Outlines New Priorities
Speaking recently at NYU Law School, David Miller outlined his enforcement philosophy and priorities as the new head of the Commodity Futures Trading Commission’s (CFTC) Division of Enforcement (Division). While emphasizing that the “era of regulation by enforcement is over,” Miller made clear that the CFTC intends to vigorously pursue fraud, manipulation and abuse....By: Akin Gump Strauss Hauer & Feld LLP
2026 Perspectives in Private Equity: GP Stakes Investing in a Maturing Market
According to a recent report by Campbell Lutyens, GP stakes and GP M&A transactions reached record levels in 2025, with deal volume increasing 40% year-on-year. The research recorded 164 private markets GP transactions in 2025 versus 117 in 2024, as the continued maturation of the alternatives universe is driving managers to seek optionality and capital to fund the next wave of platform growth....By: Akin Gump Strauss Hauer & Feld LLP
Preferred and Structured Equity in the UAE and Saudi Arabia: Key Opportunities and Issues for Investors
Investors are making increasing use of preferred and structured equity instruments in global private equity transactions. While these instruments are well-established in the UK, US and European markets, their adoption and treatment in the Gulf – particularly in the UAE (including the DIFC and ADGM) and The Kingdom of Saudi Arabia – present unique legal and market considerations....By: White & Case LLP
2026 Perspectives in Private Equity: Food & Agriculture
Despite an uncertain economic and consumer backdrop throughout 2025, private equity activity in the food and agriculture sector picked up throughout the year. As we enter 2026, a number of positive market trends and a strong pipeline of sales processes set to kick off leads us to expect increased activity in the next 12 months....By: Akin Gump Strauss Hauer & Feld LLP
Borrower defense to repayment guidance issued by U.S. Department of Education prompts strategic considerations for higher education institutions
Colleges and universities across the country have recently been receiving new rounds of borrower defense to repayment (BDR) claims from the U.S. Department of Education (ED). On March 30, 2026, ED issued an Electronic Announcement (EA) addressing the notices and providing clarifying guidance to institutions. In general, ED confirms in the EA that these BDR claims are unrelated to the 2022 Sweet settlement and will be adjudicated based on the date loans were first disbursed to the borrower,...By: Hogan Lovells
NCUA releases first phase of new charter application system
On March 30, the NCUA announced the release of a “streamlined Phase 1 system“ for new federal credit union charter applications, noting additional updates to the remaining phases are forthcoming. Phase 1 of the new system focuses on obtaining preliminary approval of a proposed credit union’s field of membership....By: Orrick, Herrington & Sutcliffe LLP
UK FCA Webpage On Registration Under MLRs Ahead Of New Crypto Regime
The UK Financial Conduct Authority (FCA) has published a new webpage for cryptoasset firms who are considering applying for registration under the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), ahead of the new UK crypto regime which is due to come into force on 25 October 2027. The FCA states that the webpage is not relevant to cryptoasset firms that will still need to be registered with the FCA under the MLRs but will not...By: A&O Shearman
FinCEN’s Residential Real Estate Rulemaking Vacated
Recently, a federal judge in the Eastern District of Texas vacated FinCEN’s residential real rule (the “Rule”) finding that the agency exceeded its statutory authority under the Bank Secrecy Act (the “BSA”). Flowers Title Companies, LLC v. Bessent, Case No. 6:25-cv-127 (E.D. Tex. Mar. 19, 2026). Since finalization in 2024, the Rule has been subject to litigation in various jurisdictions....By: Ballard Spahr LLP
MoFo's Financial Markets & Innovation #7
Please see below for this week’s Financial Markets & Innovation Weekly Update from Morrison Foerster, tracking how emerging technologies are reshaping financial markets and how U.S. and global regulators are responding. Covering developments across digital assets, prediction markets, artificial intelligence, and next-generation trading infrastructure, this update highlights key regulatory actions, enforcement activity, policy signals, and related market structure implications....By: Morrison & Foerster LLP
OCC finalizes rule rescinding recovery planning guidelines
On March 31, the OCC finalized a rule, proposed in October 2025, rescinding its recovery planning guidelines (Appendix E to 12 CFR Part 30) for certain large insured national banks, federal savings associations, and insured federal branches with average total consolidated assets of $100 billion or more....By: Orrick, Herrington & Sutcliffe LLP
UK FCA Consults On Regulated Fees And Levies For 2026/27
The UK Financial Conduct Authority (FCA) has published consultation paper CP26/11 setting out its proposed fees and levies for 2026/27. The FCA is consulting on rules that enable it to raise regulatory fees and levies in 2026/27 to fund the FCA and UK Financial Ombudsman Service, as well as to collect specific levies on behalf of government departments....By: A&O Shearman
NAIC Readies Launch of New Illustration Requirements
On March 31, Ben Slutsker, chair of the National Association of Insurance Commissioners’ Life Insurance and Annuities Illustration Working Group, made clear that “it is a go” to “address annuity illustrations, and illustrations more broadly.” This followed the working group’s receipt of comments and ensuing discussion on the chair’s exposed question — “What are both short-term and long-term approaches to ensure consumers receive reasonable expectations for index annuity returns at the...By: Carlton Fields
Better Home & Finance and Coinbase Announce Launch of Partnership with Fannie Mae to Offer Crypto-Backed Mortgages
On March 26, 2026, mortgage provider Better Home & Finance and cryptocurrency trading platform Coinbase announced a partnership with Fannie Mae to offer Fannie Mae-complaint mortgages backed by cryptocurrency from borrowers as collateral....By: Goodwin
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