The EU's landmark Data Act took effect on Sept. 12, 2025, reshaping how customer data can be accessed, shared and monetized across the European digital economy. Orrick partners Christian Schröder and Julia Apostle join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to unpack what the law means for global businesses operating in Europe. The group discusses how the Act interacts with the GDPR, new rights for users and third parties, obligations for manufacturers and cloud providers, and the compliance and revenue implications of data-sharing and switching obligations. The conversation also explores the opportunities the Act creates for innovation and competition in the data economy.

Links:

• "The EU Data Act is in Force — What Should Businesses Do?" (Orrick Insight)
• Orrick Cyber, Privacy & Data Innovation
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Georgia State law professor Todd Phillips joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to break down the newly enacted GENIUS Act framework for payment stablecoins. The conversation explores whether regulators will curb "yield-evasion," how capital and BSA/AML expectations could apply to secondary-market transfers and why tokenized deposits may offer banks a cleaner path than issuing stablecoins themselves.

Links:

• U.S. Treasury RFI on Payment Stablecoins
• Orrick Blockchain & Digital Assets
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Orrick partner Shannon Yavorsky — head of the firm's Global Cyber, Privacy & Data Innovation group and co-lead of the AI practice — joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to unpack newly approved California Consumer Privacy Act regulations. The conversation offers insights into the definitions and requirements for automated decision-making technology (ADMT), risk assessments, and cybersecurity audits, as well as open questions surrounding GLBA data carve-outs for financial services, and the reasons behind California's shift from defining "AI" to regulating ADMT use cases.

Links:

• Orrick AI Law Center
• Orrick Cyber, Privacy & Data Innovation
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

The Mortgage Bankers Association's Justin Wiseman, George Rogers and Rachel Kelley join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the Homebuyers Privacy Protection Act (HPPA) — a targeted FCRA amendment aimed at curbing "trigger leads" generated from mortgage credit inquiries. The conversation explores the bipartisan legislation's origin and path through Congress, how targeted exemptions balance consumer protection and competition, and what lenders, servicers, consumer reporting agencies and resellers can do to prepare ahead of the March 4, 2026, effective date.

Links:

• Mortgage Bankers Association
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Fraud and scams are costing Americans an estimated $400 million every day, threatening household financial security and fueling transnational crime. Kate Griffin and Nick Bourke join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss the work of the Aspen Institute's National Task Force on Fraud and Scam Prevention. The conversation examines the scale and sophistication of today's scams, the whole-of-ecosystem approach needed to disrupt them and the Task Force's forthcoming recommendations for government, financial institutions, tech platforms and consumers.

Links:

• Aspen Institute
• National Task Force on Fraud and Scam Prevention
• United Against Fraud: How America Will Defeat Scams (Virtual Event, Oct. 1, 2025)
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Mona Elliot and Sam Canavos of Patomak Global Partners join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss the newly enacted GENIUS Act, its goals and implications for the stablecoin market. The conversation explores how regulations implementing the Act will evolve, including federal and state chartering authority, reserve and compliance requirements, and potential use cases that will shape the next phase of the stablecoin market.

Links:

• Patomak Global Partners
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Gabriel Acosta and Liz Facemire from the Mortgage Bankers Association join RegFi co-hosts Jerry Buckley and Sherry Safchuk to discuss how artificial intelligence — both long-standing automated underwriting tools and emerging generative AI applications — is shaping the mortgage banking industry. The conversation explores the human-in-the-loop nature of mortgage origination, the role of federal laws like the Fair Credit Reporting Act and Equal Credit Opportunity Act in ensuring explainability, and how state-level AI legislation is influencing industry compliance strategies.

Links:

• Mortgage Bankers Association
• Orrick AI Law Center
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

In our continuing coverage of the EU Artificial Intelligence Act, co-hosts Jerry Buckley and Caroline Stapleton are joined by Orrick partners Shannon Yavorsky and Julia Apostle. The conversation explores how companies can navigate emerging AI compliance requirements in both the European Union and the United States, including assessing risk, mapping AI systems and developing scalable governance frameworks. Since recording this episode, implementation of the EU AI Act has proceeded apace, with the EU Commission releasing its final guidance for developers of general-purpose AI models (GPAIM) and the Code of Practice undergoing its final approval process before the GPAIM obligations take effect on August 2.

Links:

• EU guidelines for providers of general-purpose AI models
• EU General-Purpose AI (GPAI) Code of Practice
• Orrick AI Law Center
• Orrick Cyber, Privacy & Data Innovation
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

Christian Schröder, leader of Orrick's European Cyber, Privacy & Data Innovation practice, joins RegFi co-hosts Jerry Buckley and Caroline Stapleton to break down the EU Artificial Intelligence Act. The conversation explores the act's global reach, regulatory framework and what companies can do to prepare as some provisions become effective on Aug. 2, 2025.

Links:

• Orrick AI Law Center
• Orrick Cyber, Privacy & Data Innovation
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com

FS Vector's Jackson Mueller sits down with RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the recently Senate-passed GENIUS Act. They explore the regulatory requirements that would be established under the legislation, the potential impact on domestic and international payments system providers, and the implications for the U.S. dollar and the market for U.S. Treasury obligations. The group also discusses the political momentum driving this legislation and prospects that the Senate-passed bill will align with the STABLE Act pending in the House and be sent to the president for signature.

Links:

• FS Vector
• GENIUS Act ReCap
• STABLE Act ReCap
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com