January 12, 2026
To Our Clients and Friends:
Banks that allow employees to purchase employer stock through incentive stock options (“ISOs”) or an employee stock purchase plan (“ESPP”) should be aware of the upcoming February 2, 2026 deadline for employers to deliver a completed Form 3921 or 3922 to employees, setting forth the details of the employee’s 2025 exercise of ISOs or purchase of shares through an ESPP, respectively. Shortly thereafter, the employer must also file the IRS Form 3921 or 3922 with the IRS. Our Legal Update covering these requirements is available here.
Luse Gorman, PC regularly advises companies regarding corporate governance, shareholder matters and SEC developments. If you have any questions related to this Legal Update, please reach out to your usual firm contact. To learn more about our firm and services, please visit our website.
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October 9, 2025
To our clients and friends:
We have updated our monthly Bankers’ Bulletin publication with a revised presentation format, featuring new content and additional practical tips to help banks implement the regulatory developments we cover. Today we published Volume 22, which provides our insights into key banking industry developments from September 2025, including:
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October 1, 2025
To our clients and friends:
On September 30, 2025, the federal government’s funding ran out resulting in a shutdown beginning on October 1, 2025, which will continue until Congress passes and the President signs new appropriations legislation. Some federal agencies, including the Securities and Exchange Commission, are affected while others, such as federal banking regulators, will continue without (or with minimal) interruption. Our Legal Update covering certain of the impacts of the shutdown is available here.
Luse Gorman regularly advises financial institutions regarding bank regulatory and securities matters. If you have any questions about this Legal Update, please contact us. To learn more about our firm and services, please visit our website.
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September 15, 2025
On September 8, 2025, the OCC announced actions, including issuing two Bulletins, to “end the weaponization of the financial system” by “rooting out” activities that “unlawfully debank or discriminate against customers on the basis of political or religious beliefs, or lawful business activities.” Our Legal Update, available here, describes the OCC’s plan to start reviewing banks’ debanking practices in licensing application reviews and CRA evaluations, and the agency’s instructions to banks regarding responding to government information requests and preparing SAR filings. Our Legal Update also offers a number of tips for OCC-supervised institutions prepare for further scrutiny from the agency regarding this issue.
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March 3, 2025
To our clients and friends:
Today we published Volume 15 of The Bankers’ Bulletin, providing our insights into key banking industry developments from February 2025, including:
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