News & Analysis as of

Joe Biden Federal Deposit Insurance Corporation Office of the Comptroller of the Currency

Cozen O'Connor

Cozen Currents: The General Election Begins

Cozen O'Connor on

The Cozen Lens- •With Super Tuesday, the State of the Union, and the release of President Biden’s FY25 budget, this past week has been a politically consequential one. This series of events mark the pivot to the general...more

Husch Blackwell LLP

Stablecoin Market Could Gain from Self-Regulatory Efforts

Husch Blackwell LLP on

In 2021 the market for and interest in stablecoins—digital assets designed to maintain a stable value relative to a national currency—has skyrocketed, increasing over 500% with a market cap of approximately $130 billion. The...more

Morrison & Foerster LLP

Financial Services Report - Fall 2021

We start this issue with a big, virtual welcome to our new colleague Maria Earley. Maria joined us last month as a partner in our Financial Services and Fintech Groups. She represents financial services and fintech companies...more

Morrison & Foerster LLP

Stop In The Name Of The True Lender: President Biden Repeals OCC True Lender Rule

On June 30, 2021, President Biden signed a Congressional Review Act (CRA) resolution rescinding the OCC True Lender Rule, a bright-line rule issued in October 2020 to simplify the standards governing when a traditional bank...more

McGlinchey Stafford

U.S. House Of Representatives Votes To Override OCC True Lender Rule

McGlinchey Stafford on

The U.S. House of Representatives on June 24th voted 218 to 208 to repeal the Office of the Comptroller of the Currency’s (OCC) “True Lender” rule under the Congressional Review Act (CRA). As discussed in earlier alerts, the...more

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