On 12 June 2025, HM Treasury issued a series of Wholesale Cash Oversight Orders, officially recognising certain firms that are subject to regulatory oversight within the wholesale cash distribution (WCD) sector.
These firms have been recognised under Part 5A of
On 13 June 2025, the Council of the EU published compromise texts of the draft Payment Services Directive 3 and the Payment Services Regulation.
The Council has also published an ‘I’ item note from its General Secretariat inviting the
As previously reported, based on an unopposed motion submitted by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB) the October 2021 redlining consent order with Trustmark National Bank was terminated early, and the DOJ is seeking
On 12 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued its latest newsletter outlining developments related to the Markets in Crypto-Assets Regulation (Regulation 2023/1114, MiCAR). A key focus of this update is the
On 14 May 2025, the Financial Conduct Authority (FCA) published a new consultation paper (CP25/12) setting out its proposals to simplify the sections of the FCA’s Handbook which apply to insurance firms.
The consultation paper comments on the
In the first podcast of our new mini-series covering UK cryptoasset regulation Jonathan Herbst and Hannah Meakin discuss the new regulated activity of operating a qualifying cryptoasset trading platform.
Listen to the episode here.
In the latest episode of our EMEA insights series, Michael Born from our Frankfurt office discusses recent communications from the German regulator on MiCA and the CRD 6. He also covers BaFin’s recent Annual Press Conference where the regulator discussed
On 16 June 2025, HM Treasury (HMT) issued an update on domestic premises suppliers and buy-now, pay-later (BNPL).
Background
In its consultation on the BNPL regime HMT proposed that domestic premises suppliers – businesses who sell, offer to sell or
On June 12, the U.S. District Court for the Northern District of Illinois denied the joint motion by the Consumer Financial Protection Bureau (CFPB or Bureau) and Townstone Financial, Inc. to vacate the Stipulated Final Judgment and Order previously entered
On March 13, New York State introduced proposed legislation titled the Fostering Affordability and Integrity Through Reasonable Business Practices Act (FAIR Act). The proposed legislation seeks to broaden the scope of consumer protection from deceptive business practices currently