Premier Banking Law News and Insights

With fewer than 18 months until the expected cessation of the London Interbank Offered Rate (LIBOR), regulators have developed a keen interest on how financial institutions are preparing to transition from what has been called the "world's most important number." In recent weeks, a number of U.S. and global regulators...

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On June 11, 2020, California budget negotiators tabled California Governor Gavin Newsom's proposal to create a state version of the federal Consumer Financial Protection Bureau ("mini-CFPB"). As discussed in a previous Jones Day alert, Governor Newsom put forward this proposal to create a stand-alone agency to "fill the void" created by...

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At a hearing entitled "The Digitization of Money and Payments," the Senate Committee on Banking, Housing and Urban Affairs considered testimony on the development and testing of a U.S. central bank digital currency ("CBDC") pilot program. Testimonies Former CFTC Chair J. Christopher Giancarlo testified that during his tenure at the CFTC, he was struck...

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