Davis Polk Insights on Financial Regulation
The ability of banks to sell the loans they originate is a core element in the development and sustainability of a nationwide lending market. Recent legal developments threaten to undermine this ability, jeopardizing the foundation of a U.S. nationwide loan market and the core lending activities of banks.
A long-settled … Read More
In its recent report on financial innovation, the U.S. Treasury Department calls upon federal banking regulators to address the uncertainty in lending markets created by the Madden case and True Lender developments.
The Report recognizes that “unsecured consumer credit could be diminished because nonbank firms such as marketplace lenders may … Read More
The Federal Reserve’s current approach to determining whether a banking organization has control over another company for purposes of the Bank Holding Company Act can discourage fintech investments by banking organizations. This impact was discussed in the Treasury Department’s report on nonbank financial institutions, fintech and innovation. The report highlights … Read More
The OCC’s announcement that it will begin accepting applications for nondeposit fintech charters is an important and welcome development, especially in light of the Treasury’s explicit support for the nondeposit fintech charter and responsible innovation. The OCC described the fintech charter as allowing fintech companies to acquire or obtain … Read More
The Treasury Department published its fourth and final report in response to President Trump’s 2017 Executive Order that established core principles for U.S. financial regulation. The highly anticipated report addresses the U.S. financial regulatory approach to nonbank financial institutions, financial technology, and financial innovation and includes recommendations for Congress and … Read More
A Cryptocurrency and DLT Newsletter – May 31, 2018
Authored by Jai R. Massari, Christophe Perchet, Byron B. Rooney, Daniel Arroche, Trevor I. Kiviat, Zachary B. Shapiro and Andrew Ruben
Market Insights
Regulatory Developments
A Cryptocurrency and DLT Newsletter – May 8, 2018
Authored by Avi Gesser, Jai R. Massari, Byron B. Rooney, Trevor I. Kiviat, Chad Richman, Zachary B. Shapiro, Mengyi Xu, Daniela Dekhtyar-McCarthy and Andrew Ruben
Market Insights
Litigation
A Cryptocurrency and DLT Newsletter – April 5, 2018
Authored by Jai R. Massari, Christophe Perchet, Byron B. Rooney, Daniel Arroche, Trevor I. Kiviat, Daniela Dekhtyar-McCarthy and Andrew Ruben
| Market Developments |
Web Platforms Continue to Ban ICO-Related Advertisements
The SEC increasingly is focusing its enforcement authority not only on companies … Read More
Authored by Jai R. Massari, Annette L. Nazareth, Byron B. Rooney, Jeanine P. McGuinness, Zachary J. Zweihorn, Trevor I. Kiviat, Zachary B. Shapiro, Daniela Dekhtyar-McCarthy and Andrew Ruben
We are pleased to publish this first Blockchain Bulletin, which we expect to be the first in a series of periodic posts … Read More
The past few days have seen several interesting developments in the law and regulation of digital tokens. Each action reflects an intense focus by U.S. regulators to clarify the treatment of digital tokens, from those issued by startups in initial coin offerings (ICOs) to the more “traditional” cryptocurrencies … Read More