U.S. Regulatory Update

Highlights CFTC, SEC, and DOJ Charge Archegos and Executives with Scheme to Defraud On 27 April, the Commodity Futures Trading Commission (“CFTC”) announced the (i) filing of charges against Archegos Capital Management, LP and its former chief financial officer,...

U.S. Regulatory Update

Highlights CFPB Proposes to Regulate Fintechs Like Banks On 24 April, the Consumer Financial Protection Bureau (“CFPB”) announced that it is proposing a procedural rule to “invoke[e] a largely unused legal provision to examine nonbank financial companies that pose...

U.S. Regulatory Update

Highlights Biden Announces Intent to Nominate Michael Barr to Service as Fed Vice Chair of Supervision On 15 April, President Biden announced his intent to nominate Michael Barr to serve as Vice Chair for Supervision at the Federal Reserve (“Fed”). Barr currently is a...

U.S. Regulatory Update

Highlights White House Announces Nominations of Two SEC Commissioners On 6 April, the White House announced that President Biden has nominated Jaime Lizarraga and Mark Uyeda to serve as Commissioners of the Securities and Exchange Commission (“SEC”). Lizarraga...

U.S. Regulatory Update

General White House Releases President’s Budget for Fiscal Year 2023 On 27 March, the White House released the President’s Budget for Fiscal Year 2023. The budget document is a request to Congress that outlines an administration’s funding priorities for federal...

U.S. Regulatory Update

General White House Announces Release of PAVE Action Plan Regarding Bias in Home Valuations On 23 March, the White House announced the release of the Interagency Task Force (“Task Force”) on Property Appraisal and Valuation Equity’s (“PAVE”) Action Plan, characterized...
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