Global Financial Markets
Episodes
Home Equity Investment (HEI) Contracts
08 Apr 2025
Contributed by Lukas
In this podcast episode, partner Holly Bunting discusses the evolving regulatory landscape for home equity investment (HEI) contracts, which have gai...
What to Expect in Securitization in 2025
20 Mar 2025
Contributed by Lukas
Please join Mayer Brown partners Frank Doorley, Patrick Healy, Janice Kong, and Tameem Zainulbhai for a discussion on What to Expect in 2025 in the f...
What to Expect in Banking In 2025
13 Feb 2025
Contributed by Lukas
Since President Donald Trump took office last month, his actions have marked a significant shift in federal policy, paving the way for the creation...
FinCEN Confirms Suspension of Corporate Transparency Act
05 Feb 2025
Contributed by Lukas
FinCEN has confirmed that, since December 7, 2024, reporting companies have not been, and will continue to not be, required to file beneficial owners...
FDIC's New Recordkeeping Proposal
17 Oct 2024
Contributed by Lukas
Last month, the FDIC proposed rules related to FDIC pass-through insurance coverage. These rules could have a significant impact on bank-fintech pa...
Regulatory Redux: FDIC Proposes Brokered Deposit Revisions
07 Aug 2024
Contributed by Lukas
On July 30, 2024, the FDIC proposed revisions to the restrictions on brokered deposits. The revisions would undo many of the key elements of the 2020...
Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules
23 Jul 2024
Contributed by Lukas
Members of Mayer Brown's Financial Services team summarize the main takeaways of the CFPB's proposal to amend the Regulation X mortgage servicing rule...
FinCEN Requires Reporting from Dissolved Companies
17 Jul 2024
Contributed by Lukas
On July 8, 2024, the Financial Crimes Enforcement Network ("FinCEN") issued interpretive guidance that requires certain legal entities that have been ...
CFPB Finalizes Rule Significantly Restricting Credit Card Late Fees
11 Apr 2024
Contributed by Lukas
On March 5, the Consumer Financial Protection Bureau issued a Final Rule that would significantly restrict late fees that consumer credit card issuer...
What You Need to Know About the CFPB's Campaign Against Junk Fees
25 Mar 2024
Contributed by Lukas
The CFPB has launched an aggressive campaign against so-called "junk fees." This year the CFPB has released proposed rules targeting overdraft and no...
What to Expect in Banking in 2024
27 Feb 2024
Contributed by Lukas
The end of 2023 saw a barrage of major proposals and other actions by US banking regulators. Many of these are contentious issues that have divided ...
Securitization – What to Expect in 2024
08 Feb 2024
Contributed by Lukas
Please join Mayer Brown partners Tameem Zainulbhai, Joanna Nicholas, Melissa Kilcoyne, Evan DeCresce and Jim Antonopoulos for a discussion on What t...
SEC Adopts Conflict of Interest Rule for Asset-Backed Securities
19 Dec 2023
Contributed by Lukas
The authors of our recent Legal Update provide an overview of the SEC's (Securities and Exchange Commission) recently adopted rule, which prohibits ...
Section 1033 Rulemaking: Redefining Access to Financial Data
14 Dec 2023
Contributed by Lukas
The Consumer Financial Protection Bureau recently proposed an extensive framework of rules to ensure consumer access to certain information at their f...
Unresolved Issues with the Corporate Transparency Act
07 Dec 2023
Contributed by Lukas
With less than 30 days until the Corporate Transparency Act's beneficial ownership reporting requirement takes effect, questions still abound. While o...
Community Reinvestment Act Overhaul: Finalized Changes to CRA Regulations and How They May Affect Banks
30 Nov 2023
Contributed by Lukas
The US federal banking regulators recently finalized major changes to their decades-old Community Reinvestment Act (CRA) regulations, which will hav...
Operational Risk Considerations Under the US Basel Endgame Proposal
21 Nov 2023
Contributed by Lukas
While the recent US Basel Endgame proposal will affect many elements of the capital rules, it will especially impact operational risk, a new category ...
How the Mortgage Markets May Be Affected by the US Basel Endgame Proposal
09 Nov 2023
Contributed by Lukas
In late July 2023, US banking agencies proposed significant revisions to the risk-based regulatory capital requirements for certain midsize and larger...
Market Risk Considerations Under the US Basel Endgame Proposal
31 Oct 2023
Contributed by Lukas
While the recent US Basel Endgame proposal will affect many elements of the capital rules, it will have a particularly significant effect on market ri...
How Commercial Real Estate Lending May Be Affected by the US Basel Endgame Proposal
23 Oct 2023
Contributed by Lukas
In late July 2023, US banking agencies released proposals to significantly revise the risk-based regulatory capital requirements for certain midsize...
Long-Term Debt Requirements Proposed for US Regional Banks
20 Sep 2023
Contributed by Lukas
The US federal banking regulators have jointly proposed long-term debt ("LTD") requirements for certain midsize and larger US banking organizations. T...
Recent Developments in the CFPB's Small Business Data Collection Rule
14 Sep 2023
Contributed by Lukas
Since the CFPB's small business data collection rule became effective earlier this year, small business lenders have been making plans to implement ...
How Securitization and Structured Finance May Be Affected by the US Basel Endgame Proposal, Part 3
08 Sep 2023
Contributed by Lukas
The US federal banking regulators have jointly proposed extensive revisions to the regulatory capital requirements for midsize and larger US banking o...
How Capital Markets May Be Affected by the US Basel Endgame Proposal
31 Aug 2023
Contributed by Lukas
In late July 2023, the US banking agencies released proposals to significantly revise the risk-based regulatory capital requirements for certain midsi...
Mortgage Market Update Part 3: Alternatives to Conventional Mortgage Loans
17 Aug 2023
Contributed by Lukas
The primary mortgage market recently has flattened, with rising interest rates and fewer homes on the market. However, these factors, coupled with hom...
Overhaul of Regulatory Capital Requirements Proposed By US Banking Regulators, Part 1
02 Aug 2023
Contributed by Lukas
The US federal banking regulators have jointly proposed extensive revisions to the regulatory capital requirements for midsize and larger US banking...
Mortgage Market Update Part 2: Mortgage Securitization and MSR Updates
27 Jul 2023
Contributed by Lukas
In recent years, the US mortgage markets have faced mounting pressure from rising interest rates, declining originations, and heightened regulation....
Mortgage Market Update Part 1: Bank Capital Requirements and Related Developments
13 Jul 2023
Contributed by Lukas
In recent years, the US mortgage markets have faced mounting pressure from rising interest rates, declining originations, and heightened regulation,...
US Government Policy and Bank Regulatory Developments
06 Jul 2023
Contributed by Lukas
The last few months have seen a steady stream of emergency actions from the US banking regulators, along with legislative proposals from the Hill, tha...
Credit Risk Transfer for Regional and Community Banks: A Path Back to Growth
08 Jun 2023
Contributed by Lukas
Many regional and community banks in the United States are under intense pressure from economic forces beyond their control. This has led to a contra...
Hot Topics in Trade Finance
24 May 2023
Contributed by Lukas
The last few years have seen many changes and trends in the world of trade finance—not least because of well-publicized supply-chain disruptions ar...
Addressing Concerns with FinCEN's New Reporting Rules
18 Apr 2023
Contributed by Lukas
The Financial Crimes Enforcement Network ("FinCEN") recently waded into unexpected controversy with the release of proposed data fields for the benef...
RESPA Compliance for Lead Generators: Recent CFPB Guidance Addresses Digital Comparison Shopping Platforms
23 Mar 2023
Contributed by Lukas
Can online lead generation be done while remaining compliant under Section 8 of the Real Estate Settlement Procedures Act ("RESPA")? The answer is yes...
It's That Time of the Decade: BE-12 Reports Due for Certain Cross-Border Investments
02 Mar 2023
Contributed by Lukas
Many US businesses with significant non-US investors may be required to file a BE-12 with the Bureau of Economic Analysis ("BEA") this year as part of...
SEC Re-Proposes Conflict of Interest Rule for Asset-Backed Securities
23 Feb 2023
Contributed by Lukas
Please join us as the authors of our recent Legal Update provide an overview of the SEC's (Securities and Exchange Commission) recently proposed ru...
Securitization: What to Expect in 2023
16 Feb 2023
Contributed by Lukas
Please join Mayer Brown partners Jessie Dougher, Jenna Hartnett, Melissa Kilcoyne and Miller Smith for a discussion of what awaits structured finance...
"Algorithmic Bias" and "Unfair" Discrimination
09 Feb 2023
Contributed by Lukas
Algorithms and artificial intelligence (AI) are increasingly being deployed in the financial services industry, with massive potential to automate an...
Navigating Litigation Challenges in Explainable AI
02 Feb 2023
Contributed by Lukas
Litigation involving artificial intelligence (AI) or machine learning presents special risks due to the inherent difficulties of explaining how these ...
What to Expect in Banking in 2023
24 Jan 2023
Contributed by Lukas
The end of 2022 saw a few noteworthy proposals and other actions by the US banking regulators. Final rulemakings on some proposals may come in 2023 bu...
NAIC Initiatives Affecting Insurer Investments in ABS
15 Dec 2022
Contributed by Lukas
The National Association of Insurance Commissioners ("NAIC") recently introduced a host of initiatives related to statutory accounting, credit quality...
CFPB Update—Constitutional Crisis or Business as Usual?
13 Dec 2022
Contributed by Lukas
The Fifth Circuit recently ruled that the Consumer Financial Protection Bureau's (CFPB) funding structure is unconstitutional, casting doubt on all ...
Increased Scrutiny of Private Equity Ownership of Insurers
02 Nov 2022
Contributed by Lukas
Private equity ("PE") investment in US insurers has increased, with a particular emphasis on life insurance groups. In response, the National Associat...
European Commission Report on the EU Securitization Regulation
27 Oct 2022
Contributed by Lukas
On October 10, 2022, the European Commission published its report on the functioning of the EU Securitization Regulation. The report includes the Comm...
Understanding FinCEN's New Beneficial Ownership Information Rule
20 Oct 2022
Contributed by Lukas
The Financial Crimes Enforcement Network ("FinCEN") recently published its final beneficial ownership information rule (the "BOI Rule"). The BOI Rule ...
FTC & CFPB Priorities for the Auto Industry
12 Oct 2022
Contributed by Lukas
Federal regulators have zeroed in on the auto industry in recent rulemaking, supervisory and enforcement activities. Mayer Brown partners Christopher ...
CFPB Update – New Developments and Emerging Themes
21 Jul 2022
Contributed by Lukas
The Consumer Financial Protection Bureau (CFPB) has been active on numerous fronts over the last several months. Mayer Brown partner Ori Lev and assoc...
What to Expect in Banking Regulation in the Second Half of 2022
14 Jul 2022
Contributed by Lukas
The first half of 2022 saw a few noteworthy proposals and other actions by the US banking regulators. Final rulemakings on some proposals could come i...
Opportunities and Challenges in Distressed Residential Finance
24 Jun 2022
Contributed by Lukas
The residential finance industry faces substantial headwinds in the current economic environment. After a record-breaking performance in 2021, the ind...
The Past Is the Present? New York's Retroactive Foreclosure Legislation
26 May 2022
Contributed by Lukas
It's not the easiest time to be in the mortgage business. Mortgage investors and servicers continue to deal with the fallout from the COVID-19 pandemi...
Commercial Financing Disclosures Coming to a State Near You
19 May 2022
Contributed by Lukas
Four states—and counting—have enacted laws requiring providers of a wide range of commercial financing to give applicants detailed disclosures of ...
Lenders Take Note: How the UK National Security and Investment Act 2021 Could Affect Lending and Debt Restructuring
12 Apr 2022
Contributed by Lukas
The UK National Security and Investment Act 2021 (the "Act") entered into force on January 4, 2022 and enables the UK government to screen, block and ...
Hot Topics in Anti-Money Laundering 2022
17 Mar 2022
Contributed by Lukas
Since January 2021, the Biden administration has signaled that it intends to ramp up anti-money laundering (AML) regulation and enforcement. That was ...
Ignorantia juris non excusat - The Expected and Unexpected Impact of Recent Russian-Related Sanctions (EU, UK and US) on the Loans Market
10 Mar 2022
Contributed by Lukas
In response to the recent devastating events in Ukraine, many jurisdictions have imposed a broad range of new sanctions and export controls focused on...
CFPB Update – Chopra's First Six Months
24 Feb 2022
Contributed by Lukas
Rohit Chopra took over the helm of the CFPB last fall and has already started to make his mark on the agency, bringing a decidedly antitrust focus to ...
US Banking Regulation: What to Expect in 2022
10 Feb 2022
Contributed by Lukas
After two years of responding to the pandemic, US banking regulators likely will refocus this year on forward-looking issues. In particular, the follo...
Consumer Loan Securitizations – What the Recent Decision in CFPB v. NCSLT Might Mean for the Industry
03 Feb 2022
Contributed by Lukas
Late last year, a federal district court ruled that securitization trusts holding student loans might be liable for the alleged unfair and deceptive c...
Securitization: What to Expect in 2022
27 Jan 2022
Contributed by Lukas
Mayer Brown partners James Antonopoulos, Amanda Baker, Steven Garden, Brian Kuhl, Eric Mitzenmacher, Ger O'Donnell and Jan Stewart discussed "What to ...
A Framework in Progress: Understanding OCC's Climate-Related Risk Management Principles
13 Jan 2022
Contributed by Lukas
Last month, the US Office of the Comptroller of the Currency (OCC) issued the second part of its initiative to address the effects of climate change—...
Phase 6 of the Uncleared Margin Regulations (UMR): Key Considerations for UK and European Pension Funds
16 Dec 2021
Contributed by Lukas
Phase 6 of the Global Margin Rules applies from September 1, 2022, and may affect pension funds and other counterparties. September 2022 seems a long ...
Now is the Time to Act: Understanding the OCC's Initial Climate Change-Related Expectations
02 Dec 2021
Contributed by Lukas
Last month, the US Office of the Comptroller of the Currency (OCC) issued a call to action on climate change to the boards of directors of large OCC-r...
An Introduction to Islamic Finance and Key Structures
18 Nov 2021
Contributed by Lukas
As inbound investment into the United States from overseas continues to grow, many investors from the Middle East and South East Asia are seeking mean...
Washington Update: Reconciliation, Debt Limit, Antitrust and Fed Nominations
28 Oct 2021
Contributed by Lukas
Please join Mayer Brown senior Public Policy, Regulatory & Political Law partners Andrew Olmem and Jonathan Becker as they provide an update on severa...
Emerging Issues in the Buy Now, Pay Later Industry
23 Sep 2021
Contributed by Lukas
Lenders to and investors in Buy Now, Pay Later (BNPL) businesses should be alert to the due diligence issues that may arise in this fast-growing indus...
CFPB Update: Summertime Developments
09 Sep 2021
Contributed by Lukas
The Consumer Financial Protection Bureau (CFPB) has been active on many fronts, notwithstanding the absence of a Senate-confirmed director. Please joi...
Insurance Technology and Innovation: Meeting Consumer Demands
19 Aug 2021
Contributed by Lukas
The way consumers purchase goods and services is rapidly changing, and insurance is no exception. AI, advanced analytics, smart devices and other tech...
President Biden's Impact on the US-Sino Relationship
15 Jul 2021
Contributed by Lukas
Join Mayer Brown partners Tamer Soliman, Thomas So and Duncan Abate as moderator as they discuss the Biden administration's impact on the vitally impo...
Introduction to Private Label Investor Residential Mortgage Loan Securitizations
08 Jul 2021
Contributed by Lukas
Following the Federal Housing Finance Agency's (FHFA) recent restrictions on Government Sponsored Enterpise (GSE) investments in loans secured by seco...
Making Sense of Banking as a Service (BaaS): Recent Applications and Considerations
01 Jul 2021
Contributed by Lukas
Banking as a Service ("BaaS") refers to arrangements where licensed banks integrate their digital banking services directly into the products of other...
Immigration Under the Biden Administration
10 Jun 2021
Contributed by Lukas
Elizabeth Espín Stern and Carl Risch, partners in Mayer Brown's Global Mobility & Migration practice, will provide an overview of the immigration cha...
The New 2021 ISDA Definitions: Part 2: The Impact on Products and Geographies
03 Jun 2021
Contributed by Lukas
The cornerstone of the $6.5 trillion-plus interest rate derivatives market, the ISDA Definitions booklet—which provides contractual terms, elections...
ESG for Financial Institutions: Where Are We and Where Are We Going?
27 May 2021
Contributed by Lukas
With President Biden signing last week the executive order "Climate-Related Financial Risk," the administration appears to be accelerating its efforts...
The New 2021 ISDA Definitions: Part 1: An Overview
27 May 2021
Contributed by Lukas
Ed Parker, Chris Arnold and Patrick Scholl, partners in Mayer Brown's Derivatives & Structured Products groups, will discuss the release of the 2021 I...
State Licensing Trends
13 May 2021
Contributed by Lukas
Join Krista Cooley and Frank Doorley of Mayer Brown's Consumer Financial Services team as they discuss recent state licensing and enforcement developm...
The Biden Infrastructure Plan: Prospects and Opportunities
22 Apr 2021
Contributed by Lukas
Andrew Olmem and Jonathan Becker, partners in Mayer Brown's public policy group, will provide an overview of the spending priorities in the Biden admi...
What Changed? Understanding the FDIC's Revisions to the Brokered Deposits Restrictions
18 Mar 2021
Contributed by Lukas
On this call, Anna Pinedo, Jeff Taft and Matt Bisanz from Mayer Brown will discuss how the revisions affect banks and deposit brokers and what the ind...
The CFPB: Looking Back and Ahead
11 Mar 2021
Contributed by Lukas
Big changes are in store at the Consumer Financial Protection Bureau (CFPB) in light of the election and the nomination of Rohit Chopra as the agency'...
IBA's Consultation on US Dollar LIBOR Settings
04 Mar 2021
Contributed by Lukas
Please join David Duffee and Jennifer Kratochvil for a discussion of ICE Benchmark Administration's (IBA) consultation on the cessation of US dollar L...
Mortgage Class Actions in the COVID-19 Era & Related Considerations
04 Feb 2021
Contributed by Lukas
Please join Mayer Brown partners Lucia Nale and Debra Bogo-Ernst for an examination of these issues as they've developed over the past year and their ...
Securitization – What to Expect in 2021
28 Jan 2021
Contributed by Lukas
Please join Mayer Brown partners Paul Forrester, Cory Miggins, Russell Nance, Keith Oberkfell, Andrew Olmem, Jeffrey Taft and Tameem Zainulbhai for a ...
The Next Phase of Financial Regulatory Reform: What's Ahead for Nonbank Financial Companies
21 Jan 2021
Contributed by Lukas
Please join Mayer Brown partners Larry Platt and Andrew Olmem for a discussion on the prospects of regulatory reform for nonbank financial companies a...
A New Era for Qualified Mortgages: CFPB Finalizes QM Rules
17 Dec 2020
Contributed by Lukas
The Consumer Financial Protection Bureau (CFPB) has finalized its rulemaking trio to reshape the boundaries of Qualified Mortgages (QMs). Please join ...
From Landlines to Friend Requests: New CFPB Rule Tries to Bring Debt Collection to the 21st Century
03 Dec 2020
Contributed by Lukas
After much anticipation, the US Consumer Financial Protection Bureau (CFPB) has issued the first significant rule implementing the Fair Debt Collectio...
Post-Election Call - Impact on Financial Services
12 Nov 2020
Contributed by Lukas
A Biden administration could impact regulatory policy and enforcement priorities—and, consequently, the economy—considerably. Please join Mayer Br...
Using Technology from Recent Loyalty Program Financing
29 Oct 2020
Contributed by Lukas
Please join Mayer Brown lawyers Stuart Litwin, Gabriela Sakamoto, Jan Stewart and Adam Wolk for a discussion of some of the key components of these tr...
So You Want to Form a MSR Fund: Issues and Considerations
22 Oct 2020
Contributed by Lukas
This GFM teleconference will explore various aspects of investing in MSRs, including requirements and options to hold direct and indirect alternatives...
CFPB Quarterly Update: After Seila Law and Before the Election
08 Oct 2020
Contributed by Lukas
The Consumer Financial Protection Bureau's structure was ruled unconstitutional by the US Supreme Court, but the agency was allowed to continue operat...
SEC Amends Requirements for Statistical Disclosures for Bank and Savings and Loan Registrants, Formerly Guide 3
24 Sep 2020
Contributed by Lukas
During this GFM call, partners Anna Pinedo and Jerry Marlatt discuss.
Madden and True Lender: Potential Impact of Recent Developments
10 Sep 2020
Contributed by Lukas
Please join Mayer Brown lawyers Steve Kaplan, Eric Mitzenmacher and Jeff Taft for a discussion of the key takeaways for bank partner programs, investo...
CFPB's First Redlining Action Against a Non-Bank Lender: Key Takeaways
20 Aug 2020
Contributed by Lukas
On July 15, 2020, the Consumer Financial Protection Bureau filed a lawsuit against a Chicago-based mortgage lender, alleging that the company "redline...
Volcker Rule 2.1: Revisions Bring Greater Clarity, Certainty and Opportunity for Innovation
06 Aug 2020
Contributed by Lukas
Please join Mayer Brown partners Anna Pinedo and Ed Parker, and associates Marla Matusic and Matthew Bisanz, for a discussion of the revisions to the ...
The CFPB and Seila Law: What Comes Next
30 Jul 2020
Contributed by Lukas
Last month, the US Supreme Court ruled that the structure of the Consumer Financial Protection Bureau (CFPB) was unconstitutional, but that the agency...
Qualified Mortgages: CFPB Seeks Comments on Reshaping Residential Mortgage Underwriting
21 Jul 2020
Contributed by Lukas
Phe Consumer Financial Protection Bureau (CFPB) is continuing its rulemaking process to reshape its Ability to Repay Rule and the scope of residential...
Volcker Rule Revisions: Easing the Compliance Burden for Structured Finance
16 Jul 2020
Contributed by Lukas
Please join Mayer Brown partners Thomas Delaney, Carol Hitselberger and Jeffrey Taft, and associate Matthew Bisanz, for a discussion of the revisions ...
ESG Developments in Financial Services
02 Jul 2020
Contributed by Lukas
As demand for sustainable finance continues to surge, our finance, environmental and regulatory professionals are all constantly working on the latest...
COVID-19: Lessons for the Future of Debt Collection
18 Jun 2020
Contributed by Lukas
Please join Mayer Brown partners Debra Bogo-Ernst and Eric Mitzenmacher and associate Anjali Garg as they discuss the Heroes Act and various other fed...
COVID-19: Impact on State and Local Government Finance – Key Risks for Government Vendors, Lenders and Bondholders
16 Jun 2020
Contributed by Lukas
The economic contraction caused by the COVID-19 pandemic is having a significant impact on US state and local government finances. Mayer Brown partner...
CFPB Update – Consumer Protection in the Age of Coronavirus
04 Jun 2020
Contributed by Lukas
Please join Mayer Brown partners Ori Lev and Stephanie Robinson for an update on recent developments at the US Consumer Financial Protection Bureau (C...
Derivatives Regulatory Changes on the Horizon under EMIR Refit – The Global Margin Rules and SFTR
29 May 2020
Contributed by Lukas
With various key regulatory changes fast approaching under EMIR Refit, please join Mayer Brown partner Ed Parker and senior associates Emma Khoo and M...
COVID-19: Next Steps for PPP Borrowers – Navigating the Loan Forgiveness Process and Mitigating Enforcement Risk
27 May 2020
Contributed by Lukas
Borrowers that obtained loans under the SBA's Paycheck Protection Program ("PPP")—and chose to keep them—will soon progress to a new phase of the ...
IBOR Replacement – Key Points for Derivatives, Structured Finance and Loan Hedging
19 May 2020
Contributed by Lukas
As the deadline for IBOR replacement draws ever closer, our global derivatives team will be discussing IBOR transition and considerations to be borne ...