The SEC has finalized rules that will replace Guide 3, the industry guide for banking organizations. The final rules eliminate a number of the requirements under Guide 3, which now appea...
The Federal Reserve has opened the Main Street Lending Program to nonprofits. Main Street loans are complicated, and the fact that Main Street’s nonprofit lending facilities were bolted...
Our memo delivers key takeaways on the Federal Reserve’s recent announcement about its research into central bank digital currency, along with some useful resources. We also place the F...
The Fed has announced details of the FedNow Service, a 24x7x365 instant payments service slated for initial launch in 2023 or 2024. This Davis Polk memo describes the big picture of the U...
Davis Polk partner Margaret Tahyar, Harvard Law School professor Howell E. Jackson and University of Michigan Law School professor Michael Barr recently authored “The Financial Response...
In the newly released Fintech Law: The Case Studies ebook, partner Meg Tahyar and co-author Howell E. Jackson present 14 case studies highlighting the impact of fintech on and the impli...
The Federal Reserve’s recent updates to its regulations on confidential supervisory information and availability of information under the Freedom of Information Act include several mean...
As Acting Comptroller Brian Brooks promised in his Statement on Becoming Acting Comptroller, the OCC proposed a rule on July 20, 2020, setting forth standards for determining the true len...
We have updated our Volcker Rule flowcharts for recent amendments to the covered fund provisions of the Volcker Rule regulations. These are the second wave of amendments to the Volcker R...
This memo provides our summary of the final rule amending the covered funds portion of the Volcker Rule regulations, which largely adopts the amendments as proposed. We point out the few ...
