Legal Update – Executive Order on Debanking

August 19, 2025

On August 7, 2025, President Trump signed an Executive Order titled “Guaranteeing Fair Banking For All Americans” to combat perceived “politicized or unlawful debanking” practices by regulated financial institutions against persons or entities based on their political affiliations, religious beliefs, or business activities. Our Legal Update, available here, provides an overview of the Executive Order’s requirements and key takeaways for banks and credit unions that may face new scrutiny by their regulators in the area of fair access following the Order.

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Alert – Reminder to Prepare for EDGAR Next

July 15, 2025

To our clients and friends:

On September 27, 2024, the Securities and Exchange Commission (the “SEC”) adopted a Final Rule that made changes to the SEC’s Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) system filer access and account management. The updated system is known as “EDGAR Next” and reflects the SEC’s initiative to modernize the EDGAR system. It introduces technical and process changes to enhance system security, improve filer account management and modernize filing authorizations. Compliance with EDGAR Next is required by September 15, 2025. Our Alert covering the Edgar Next is available here.

Luse Gorman regularly advises financial institutions regarding compliance with the federal securities laws. If you have any questions about this Alert, please contact any Luse Gorman attorney. To learn more about our firm and services, please visit our website.

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