Worldwide: Financial Services

Today, scrutiny is no longer confined to public equities markets. In a pair of recent prosecutions, including last week’s indictment of a Google employee, the Department of Justice has made clear that it will pursue insider trading type cases wherever (i) confidential data moves prices, and (ii) a duty-bound actor exploits that data for trading advantage, even outside the securities laws. Prediction markets and crypto platforms appear to be the primary testing ground for this expanded enforcement theory

Federal banking agencies have issued revised model risk management guidance in SR 26-2, introducing a more explicitly risk-based approach to model governance, validation, and monitoring. While primarily targeting organizations with over $30 billion in assets, the principles-based framework has broader implications for regional and community banks navigating evolving regulatory expectations.

The Commodity Futures Trading Commission (CFTC or Commission) recently undertook a series of coordinated actions—including a Commission order, policy statement, staff interpretation and staff advisory...

Illinois launches a modernized online complaint portal for consumer financial issues as federal consumer protection efforts decline and complaints surge nationwide.

On May 27, 2026, the SDNY and CFTC filed parallel actions against Michele Spagnuolo, a software engineer employed by Google, alleging that he misappropriated confidential corporate information and used it to trade on a decentralized prediction market platform.

State attorneys general are increasingly filling the enforcement void left by federal agencies, pursuing fintech companies through coordinated multi-state actions and new state-level regulations. From interest rate caps to product classification disputes, the regulatory landscape is shifting dramatically as states assert authority over digital financial services. Understanding these emerging enforcement patterns and compliance strategies has become critical for financial services companies navigating this f

The Consumer Financial Protection Bureau has reportedly appointed Mark Paoletta as Deputy Director, positioning him to succeed Acting Director Russel Vought when his temporary appointment ends later this year.

A federal district court has reversed its earlier ruling on Illinois's Interchange Fee Prohibition Act after the OCC amended its regulations to explicitly protect national banks' ability to receive interchange fees through third-party payment networks.

Adam Maarec and fintech thought leader Simon Taylor explore the rapidly evolving intersection of AI, payments, and banking innovation.