White & Case Technology Newsflash
As technology reshapes the banking industry, regulators are rising to the challenge.
Valdis Dombrovskis has a full in-tray that includes securing the EU banking and capital markets union as he begins his term at the European Commission.
Refinements to the regulatory framework are needed before banks can make widespread use of securitization by European banks.
Current rules fall short of providing a clear framework for a single European market for fintech companies.
A practical guide to national GDPR compliance requirements across the EEA
H1 2019 has seen deal value continue to climb in technology M&A, as digital disruption overtakes segments of the market such as fintech and Big Data
Financial institutions M&A sector trends: credit cards/consumer finance — H1 2019 and outlook for H2 2019
Financial institutions M&A sector trends: brokers/trading service providers — H1 2019 and outlook for H2 2019
Financial institutions M&A sector trends: stock exchanges/clearing houses — H1 2019 and outlook for H2 2019
Financial institutions M&A sector trends: asset/wealth management — H1 2019 and outlook for H2 2019
Financial institutions M&A sector trends: banks — H1 2019 and outlook for H2 2019
Financial institutions M&A sector trends: fintech — H1 2019 and outlook for H2 2019
The Banking Reform Package marks a milestone in the new EU regulatory landscape.
New guidelines reflect the rise of outsourcing by financial institutions in a new era of disintermediation and technological change.
As connected cars proliferate, auto, tech and financial companies will form alliances that raise familiar legal issues in new contexts
Overseas VC funds have poured into Chinese startups—at points, overtaking their US counterparts
In a changing financial landscape, we helped clients raise capital and complete complex financing transactions
With partners from Saïd Business School, we conducted blockchain scenario analyses with senior executives
Partners Julia Smithers Excell and Stuart Willey, and associate Laura Kitchen of global law firm White & Case take a deep dive on the latest publications from EU and UK regulators aimed at providing supervisory clarity on the nascent cryptoasset market.
Will recent regulatory developments have their desired impact on the NPL market across Europe?
The CFPB continued to be active in the consumer payments space in 2018, while the Federal Reserve and market participants considered the future of payment processing, including the development of faster payment systems.
The CFPB has traditionally not prioritized marketplace lenders in its supervisory and enforcement efforts. As a result, state regulators have increasingly sought to fill any perceived voids left by the Bureau.
In 2018, the CFPB continued to pay attention to the auto finance industry, with a particular focus on indirect (dealer-arranged) auto lenders and unfair or abusive loan servicing practices.
In 2018, the CFPB shifted away from student lending supervision and enforcement. We anticipate this trend to continue in the year to come, with states seeking to fill any voids left by the Bureau.
In February 2019, the CFPB released the highly anticipated revamp of its Payday Rule, reinforcing its more lenient attitude towards payday lenders. In light of the Bureau’s softer touch, as well as similar developments at the banking agencies, we expect states to step into the void and take further action to curtail payday lending at the state level.
In 2018, the CFPB issued multiple rules, and Congress passed legislation, to clarify, revise and update the regulatory framework applicable to the home mortgage origination and servicing market.
During his tenure, former CFPB Acting Director Mick Mulvaney brought significant changes to the Bureau’s structure and operations. As the new CFPB Director, Kathy Kraninger will have the benefit of a full five-year term to develop her vision for the Bureau’s strategy and priorities.