New Preemption Exceptions May Broaden State Consumer Protection Law Enforcement

By Oluwaseun O. Ajayi and Kendra C. Kinnaird Stepped-up enforcement of state consumer protection laws in the field of home mortgage lending is inevitable for all types of lenders, including those with federal charters. Federal banks and thrifts, long accustomed to preemption, must plan to comply with...

FSOC Proposed Rulemaking on Fed Supervision of Nonbank Financial Companies

By Daphne Frydman and Eric Arnold, Partners, Sutherland Asbill & Brennan LLP Proposed rulemaking by the Financial Stability Oversight Council (FSOC) and the Board of Governors of the Federal Reserve to advance the regulatory process of implementing Section 113 of Dodd-Frank have various raised...

Federal Reserve Board Approves Debit Card Interchange Rules

WASHINGTON, D.C. - (Mealey's) The Federal Reserve Board on June 29 approved a final rule establishing standards for debit card interchange fees and prohibiting network exclusivity arrangements and routing restrictions as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. ...

Morrison & Foerster on Dodd-Frank: One Year Later

The Dodd-Frank Wall Street Reform and Consumer Protection Act represents the most comprehensive financial regulatory reform measures taken since the great depression. So, one year after enactment, what do we know? By the time you read this, we will have commemorated the first anniversary of the...