Troutman Sanders
Wall Street Journal: Bank of America Cuts are “Dodd-Frank Layoffs”

by Troutman Sanders CFPB Team September 13, 2011. Bank of America announced on September 12, 2011 that it plans to cut up to 30,000 jobs over the next two years. While Bank of America was not overly direct in stating the reasons for the cuts, today's...

Troutman Sanders
A Call for Action Against Payday Lenders

by Troutman Sanders CFPB Team The director of the consumer protection for the Mississippi Center for Justice calls for the Consumer Financial Protection Bureau (CPFB) to take action against payday lenders. Payday lending is a $30 billion-a-year business...

Morrison and Foerster LLP
Almost a Full Picture -- New Banking Regime Under Basel III

by Peter Green and Jeremy Jennings-Mares This commentary summarizes the Basel III rules. The rules are contained in two separate documents: (1) Basel III: A global regulatory framework for more resilient banks and banking systems and (2) Basel III:...

Doug Cornelius
The Slow Rulemaking on Swaps and Derivatives

One of the strange splits in US financial regulation is that many swap and derivatives are regulated by the Commodities Futures Trading Commission instead of the Securities and Exchange Commission. I think of the CFTC, I think of Trading Places and with...

Corporate and Securities Law Community Staff
Note: Joint Bank Accounts in New York: Confusion, Discrimination, and the Need for Change

9 Cardozo Pub. L. Pol'y & Ethics J. 607, Summer 2011 Author: Carolyn Satenberg Excerpt Introduction Most adult citizens of the United States, regardless of color, creed, gender, sexual orientation, or religion, are subject to both federal...

Morrison and Foerster LLP
Federal Reserve Board Proposes New Regulatory Scheme for Remittance Transfers

by Ezra C. Levine, Andrew M. Smith and M. Sean Ruff Excerpt: On May 23, 2011, the Federal Reserve Board ("FRB") published in the Federal Register a proposed rule setting forth an entirely new regulatory scheme for companies that provide...