As previewed by banking agencies for over a year and with increased frequency after the recent bank failures,[1] the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board (“FRB”) and…
On June 21, 2023, the Recovering Executive Compensation Obtained from Unaccountable Practices (RECOUP) Act passed 21-2 out of the Senate Banking Committee. Spearheaded by Sens. Sherrod Brown (D-OH) and Tim…
On June 20, 2023, Jonathan Kanter, the Assistant Attorney General for the Department of Justice’s Antitrust Division, gave a speech at the Brookings Institution outlining his thoughts on promoting competition…
At the end of April, the Financial Stability Oversight Council (“FSOC”) published for public comment two proposals that would make it easier for FSOC to designate nonbanks as systemically important…
On March 17, 2022, Sen. Elizabeth Warren (D-MA) and other Democrats introduced the Digital Asset Sanctions Compliance Enhancement Act of 2022. Also that day, the U.S. Senate Committee on Banking,…
The Banking Group of Debevoise & Plimpton LLP would like to welcome you to its newest client tool, the Debevoise Fintech Blog. The goal of the blog is to help…
On July 9, 2021, President Biden issued a sweeping Executive Order (the “Order”)[1] on competition. While the Order is directed to agencies across the federal government and will have wide-ranging…