On March 15, 2022, the Federal Trade Commission (“FTC”) announced a proposed consent order in resolution of an administrative complaint filed against payment processor Electronic Payment Systems (“EPS”) and its…
Non-Fungible Tokens (NFTs) have exploded in popularity and caught the public’s attention in the last year or two. But what is the hype all about, and what risks do participants…
On Tuesday, February 8, in two separate rulings, a California federal district court upheld the “valid when made” rules promulgated by the Office of Comptroller of the Currency (“OCC”) and…
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 November 21, 2021, the Office of the Comptroller of the Currency (“OCC”) published a letter “clarifying” that certain cryptocurrency, distributed ledger and stablecoin activities addressed in three prior interpretive…
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…
On May 5, 2021, the Federal Reserve Board (“FRB”) issued for public comment proposed guidelines (“Proposed Guidelines”) for Federal Reserve Banks (“Reserve Banks”) to use in evaluating requests for master…
Gary Gensler was confirmed today in a 53-45 vote as Chair of the Securities and Exchange Commission (“SEC”). Before his confirmation, Chair Gensler testified before the Senate Committee on Banking,…