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Rationalizing U.S. Financial Regulation: The Treasury's Plan

Financial and corporate crises bring regulation; the bigger the crisis, the more the regulation. A few years ago, major corporations, particularly Enron and WorldCom, were engulfed in scandals. Coming hard upon the bursting of the dot.com bubble and revelations of improper sales practices of Wall Street...

Pangrace and Lapine on the Consumer Credit Card Account Practices Rules

In January 2009, the Federal Reserve Board, the OTS (Office of Thrift Supervision), and the NCUA (National Credit Union Administration) adopted the Consumer Credit Card Account Practices Rules designed to protect consumers who use credit cards from unfair acts and practices. In this Commentary, Nathan...

Picard on Proposed Hedge Fund Registration

Designed to further regulatory reform, the Private Fund Investment Advisers Registration Act of 2009 (Proposed Act) would expand the pool of investment advisers required to register with the SEC by eliminating those portions of the Investment Advisers Act of 1940 (Advisers Act) that currently exempt...

Bagnall on Private Fund Registration

Proposed legislation would require managers of private investment funds to register with the SEC as investment advisers under the Investment Advisers Act. Currently, most private fund managers rely on the so-called private adviser exemption. The new legislation would eliminate the exemption and require...

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 Wall Street Journal's Opinion page did not...

Dodd-Frankenstein

You would expect that a publication with a libertarian tilt like The Economist would not look favorably at the Dodd-Frank Wall Street Reform and Consumer Protection Act . They call it Too big not to fail . Being The Economist , the article argues with the facts on its side. Dodd-Frank: 848 pages...

Bitcoin Regulation - Addressing Compliance & Risk Issues for Financial Institutions [WEBINAR]

In 2009, a talented programmer (or group of programmers) released the first virtual currency protocol, known as Bitcoin. The Bitcoin protocol, essentially a robust P2P payment system , has now spun several other virtual currencies (Litecoin, Dogecoin, etc..) and has the potential to transform existing...