Burr Forman

FEBRUARY 25, 2021

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Studies have shown an integrated settlement model could provide an 11% reduction in the volatility component of NSCC margin.

Trade 52

Trade Collateral Financial services Financial Institution 52

Burr Forman

FEBRUARY 25, 2021

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Studies have shown an integrated settlement model could provide an 11% reduction in the volatility component of NSCC margin.

Trade 40

Trade Collateral Financial services Financial Institution 40

Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26. On July 26, the CFPB published its Summer 2023 Supervisory Highlights report. For more information, click here.

Financial services 52

Financial services Financial Institution Debt collector Fair Debt Collection 52

Troutman Sanders

DECEMBER 4, 2023

The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. billion in the third quart of 2023. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Troutman Sanders

MAY 2, 2023

Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. On April 28, Venmo announced that users of the mobile payment service will offer expanded cryptocurrency-related capabilities.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

FEBRUARY 13, 2024

The judge stated that since Genesis never transferred the assets, they cannot be considered as collateral pledged by the debtor. However, the judge found that the contracts between Genesis and Gemini clearly required a transfer for the assets to be pledged as collateral. Genesis filed for Chapter 11 protection in January 2023 with $5.1

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52