Republican Attorneys General Oppose Proposed IRS Reporting Rules

On Wednesday, July 15, CFPB Director Richard Cordray assured the Senate Banking, Housing and Urban Affairs Committee, as well as the public, that data collected by the CFPB could not be used to personally identify any consumer.

The final rule goes into effect on November 9, 2020.

In a registration filing with the SEC, an investment firm is seeking approval of a series of double-leveraged bullish and bearish exchange-traded funds ("ETFs") that each track the performance of a single U.S.-listed equity security.

Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this year from numerous governmental authorities...

The Chicago Mercantile Exchange has filed a lawsuit against the CFTC challenging its approval of Kalshi's bitcoin perpetual futures contract, arguing that perpetual contracts should be classified as swaps rather...

On September 30, 2026, the Securities and Exchange Commission (SEC) issued two rule proposals and five notices aimed at expanding investors’ access to private markets. The package would add ways to qualify as an accredited investor, including passing a new exam administered by the Financial Industry Regulatory Authority (FINRA), broaden performance-based compensation and modernize regulated funds, including interval funds and business development companies (BDCs).

The OCC and FDIC have jointly issued a final rule establishing the first binding regulatory definition of "unsafe or unsound practice" for banks, introducing a three-tiered supervisory framework...

The Office of the Comptroller of the Currency has released a new framework for evaluating banks' deployment of artificial intelligence and agentic AI systems in their business operations. This guidance establishes how examiners will assess AI through existing risk management disciplines rather than creating separate regulatory requirements, with review intensity scaled to each use case's potential consequences and level of human oversight.

US national securities exchanges are preparing to launch 23x5 trading by December 6, 2026, marking the most significant expansion of trading hours in decades. This comprehensive analysis examines the regulatory approvals, operational infrastructure changes, investor protection mechanisms, and issuer considerations necessary to support overnight equity trading from Sunday through Thursday evenings.

The SEC has proposed sweeping amendments to expand retail investor access to private market strategies, including changes to performance-based compensation rules for registered investment advisers and modernization of the interval fund framework. The proposals also explore new credential-based pathways for individuals to qualify as accredited investors, potentially opening private offerings to a broader pool of eligible participants.

The FTC secured a settlement with Growth Cave, LLC and related entities ("Growth Cave"), along with the company's co-CEOs...

The United States Embassy in India today announced it is implementing a new visa processing system throughout India.

Texas AG Ken Paxton has announced a settlement with TPC Group, Inc. and TPC Group LLC (collectively, "TPC"), to resolve lawsuits alleging that TPC violated Texas law through conduct that resulted in an explosion that leveled a chemical manufacturing facility in Port Neches, Texas.

Canada’s privacy regime can be described as a web of legislation at both the federal and provincial/territorial level. Some commentators express concern that this web has become tangled, lacks uniformity and actually undermines the predictability and consistency that, in their view, would exist under a single (federal) privacy regime.

On December 5, 2024, the New York City Council approved with modifications the NYC Department of City Planning's (DCP) City of Yes for Housing Opportunity...

Kentucky AG Russell Coleman filed a lawsuit against Character Technologies, Inc. and its founders alleging violations of the state's consumer protection and data privacy laws arising...

Thirteen Democratic AGs, led by Colorado AG Phil Weiser, have moved to intervene in the U.S. District Court of the Northern District of California's review of an antitrust settlement...

Texas AG Ken Paxton sued the Roblox Corporation, which operates a popular online gaming platform used predominantly by children and teens...

A bill co-sponsored by California AG Rob Bonta which prohibits consumers' medical debt from being reported on credit reports was signed into law and will go into effect on January 1, 2025.

A bipartisan coalition of 23 AGs and several state banking regulators submitted a comment letter urging the OCC to withdraw two proposals...