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Federal Reserve And FDIC Propose Long-awaited Regulation O Modernization
The Federal Reserve Board and FDIC have proposed comprehensive updates to Regulation O, which governs lending to bank insiders. These modernization efforts would quadruple key dollar thresholds unchanged since the 1970s, address complications arising from investment fund ownership structures, and incorporate statutory changes from the Dodd-Frank Act while maintaining core protections against preferential lending and insider abuse.
United States Finance
HL
Hogan Lovells Cadwalader
Article
A $50 Million Patent Verdict Vanished On Appeal. Here Is What Founders Should Learn From It.
The Federal Circuit's reversal of a nearly $50 million patent verdict against Boston Scientific reveals critical vulnerabilities in patent enforcement strategy. When the University of Texas lost everything after a decade of litigation due to an overly broad claim and a flawed infringement theory, it exposed the essential role of pre-litigation audits in protecting patent value and avoiding catastrophic courtroom failures.
United States IP
NP
NovoTech Patent Firm
Podcast
Building A Fund Around Founder Empathy And Regional Needs (Podcast)
Aurelia Edwards, co-founder and general partner of Edin Capital, discusses her transition from startup founder to venture capital fund manager and explains why not every startup should pursue unicorn status. She shares insights on supporting founders with investment strategies that align with their actual business goals rather than forcing them into a Silicon Valley mold, while emphasizing the importance of understanding regional markets and generating both financial returns and community impact.
United States Commercial
HK
Holland & Knight
Article
Sustainable Development And Land Use Update
California cities are pushing back against state housing mandates through ballot measures and legal challenges, while wildfire-affected communities navigate new building regulations and environmental groups clash over endangered species protections that impact development. From Malibu to the Central Valley, local governments and residents are attempting to reclaim control over housing policy as state preemption laws continue to reshape land use authority.
United States Real Estate
AM
Allen Matkins Leck Gamble Mallory & Natsis
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First Health Care Declination Under DOJ’s New Corporate Enforcement And Voluntary Self-Disclosure Policy
The Department of Justice announced its first healthcare sector declination under the new Corporate Enforcement and Voluntary Self-Disclosure Policy, declining to prosecute Campus Eye Management entities for alleged health care fraud violations and kickbacks while indicting the company's founder. This landmark case demonstrates how companies can avoid criminal charges through voluntary self-disclosure and cooperation, marking a significant shift in DOJ's approach to corporate enforcement across all division
United States Criminal
FH
Foley Hoag LLP

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Seventh Circuit Rules That Text Messages Are Not "Telephone Calls" Under The TCPA—What To Know And What Comes Next
A major decision issued on 14 July 2026 by the US Court of Appeals for the Seventh Circuit marks a potential shift in the legal landscape governing text message marketing under the Telephone Consumer Protection Act (the TCPA). In Steidinger v. Blackstone Med. Servs., No. 25-2398, the Seventh Circuit held that Section 227(c)(5) of the TCPA does not permit plaintiffs to sue for the receipt of unwanted text messages, because text messages are not “telephone calls” within the meaning of that provision. For businesses operating in Illinois, Indiana, and Wisconsin—the three states within the Seventh Circuit—this decision has immediate and significant implications.
United States Media & IT
KG
K&L Gates LLP
Podcast
Today’s Podcast Episode: AI In Financial Services—Consumer Protection Challenges In The Age Of Artificial Intelligence
Artificial intelligence is transforming consumer financial services, influencing credit decisions, fraud detection, and personalized advice. But as AI systems become more prevalent, critical questions emerge about transparency, fairness, and accountability. Consumer Reports' latest analysis reveals that 75% of consumers worry about AI bias in financial services, while only 8% believe current laws adequately protect them.
United States Media & IT
BS
Ballard Spahr LLP
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Minimum U.S. Import Prices, Tariffs Set For Polysilicon And Derivatives
President Trump has issued a proclamation imposing minimum import pricing and a 15% tariff on polysilicon and its derivatives, including solar cells and modules, effective December 4, 2026. The action follows a Section 232 investigation and aims to onshore domestic semiconductor and solar manufacturing by creating economically viable markets for U.S. polysilicon producers. Companies can qualify for reduced tariffs by submitting approved onshoring investment plans to the Secretary of Commerce.
United States International
CL
Cassidy Levy Kent
Article
The Topline: Steptoe Appropriations Newsletter | August 7, 2026
Senate leaders navigate a complex legislative landscape as they work to pass a short-term continuing resolution to fund the government through December, while simultaneously confronting debates over hemp-derived THC regulations, budget reconciliation strategies, and an unprecedented impeachment effort against OMB Director Russ Vought. The political maneuvering intensifies as Congress prepares for its August recess, with appropriators already anticipating challenging negotiations when they return in Septembe
United States Government
SJ
Steptoe LLP
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