Chief Legal Architect and a co-founder of Caffrey.AI
Steven Lofchie is the Chief Legal Architect and a co-founder of Caffrey.AI, an AI platform built for law firms, banks, and the financial regulatory industry. He is also a partner at Norton Rose Fulbright, where he advises financial institutions on securities laws, the Commodity Exchange Act, and broker-dealer regulation. Ranked by Chambers USA every year since 2007, he is the author of “Lofchie’s Guide to Broker-Dealer Regulation,” long considered the leading treatise on the subject.
Recent Articles & Comments
This answers the question of why nobody starts a new bank. And why the price of NYC taxi medallions has crashed. It's the Uberization of financial services.
How do, and should, regulators respond? More specifically from a regulatory standpoint, should the banking regulators consider whether regulations have made starting or maintaining a bank so unattractive from a business standpoint that the exodus from the banking industry becomes a material systemic…
This answers the question of why nobody starts a new bank. And why the price of NYC taxi medallions has crashed. It's the Uberization of financial services.
How do, and should, regulators respond? More specifically from a regulatory standpoint, should the banking regulators consider whether regulations have made starting or maintaining a bank so unattractive from a business standpoint that the exodus from the banking industry becomes a material systemic risk? It's not an easy…
, the government now acknowledges that they serve a valuable function. Query whether Main St. banks are the best entities to serve that function and whether regulation can protect borrowers while allowing payday lending to function (or whether regulation kills payday lending to the detriment of borrowers).
, the government now acknowledges that they serve a valuable function. Query whether Main St. banks are the best entities to serve that function and whether regulation can protect borrowers while allowing payday lending to function (or whether regulation kills payday lending to the detriment of borrowers).