To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – August 26, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – August 19, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – August 5, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
Senate Banking Committee Releases Draft Digital Asset Market Structure Bill and Request for Information
Since the House passed the CLARITY Act on July 17, the U.S. Senate Banking Committee, which has oversight of the Securities and Exchange Commission (SEC), has been busy working on its own version of the U.S. crypto regulatory framework. Chairman Tim Scott (R-SC), along with Senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH), released a discussion draft of the “Responsible Financial Innovation Act of 2025.” This comprehensive legislation aims to provide regulatory clarity, encourage innovation, and address key risks in the rapidly evolving digital asset ecosystem. This blog highlights critical elements of the draft bill, offering an overview of its major provisions and implications. Alongside the draft, the Senate Banking Committee has issued a broad Request for Information (RFI) to solicit feedback from the public, with responses due by August 5, 2025.
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – July 29, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
GENIUS Act: A Game-Changer for Crypto Bankruptcy Priorities
Deborah Kovsky-Apap, a partner at Troutman Pepper Locke LLP, was quoted in the July 21, 2025 article by James Nani, “GENIUS Act Bankruptcy Changes Give Holders Top Recovery Priority.”
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – July 22, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
Federal Agencies Release Guidance on Crypto-Asset Safekeeping for Banks
On July 14, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (the Board), and the Federal Deposit Insurance Corporation (FDIC) jointly issued a statement addressing the safekeeping of crypto-assets by banking organizations on behalf of their customers. This announcement clarifies how existing laws, regulations, and risk management principles apply to the safekeeping of crypto-assets by banks and does not create any new supervisory expectations. Importantly, the federal banking regulators clearly signal that banks can serve as custodians of digital assets including storing cryptographic keys.
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – July 15, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.