Banking and Finance

Recent Posts

Which One of Us Is the Service Provider? The Dodd-Frank Act's Infinite Loop of Oversight
Posted on 26 Aug 2013 by LexisNexis Legal Newsroom Staff

by Valerie L. Hletko and Sarah E. Hager A centerpiece of CFPB supervision is service provider oversight but assigning roles is not always straightforward. A lack of clarity may lead to duplicative, simultaneous oversight. While there is substantial... Read More

Federal Reserve Board Issues Proposed Rule Amending Regulation E, As Required by Dodd-Frank
Posted on 7 Jun 2011 by Williams Mullen

by Edmund D. Harllee On Monday, May 23, the Federal Reserve Board (the "Board") issued proposed revisions to its Regulation E (Electronic Fund Transfers) in order to implement changes required by the Dodd-Frank Wall Street Reform and Consumer... Read More

Federal Reserve Board Approves Final Rules Defining When Significant Nonbank Firms are “Predominantly Engaged in Financial Activities”
Posted on 5 Apr 2013 by Morrison and Foerster LLP

On April 3, the Federal Reserve Board ("Board") published a final rule ("Rule") specifying when a financial company that may be made subject to systemic regulation under Title I of the Dodd-Frank Wall Street Accountability and Consumer... Read More

K&L Gates on Dodd-Frank Wall Street Reform: Future Rulemaking and Congressional Activity
Posted on 30 Jul 2010 by K & L Gates LLP

Excerpt: On June 30, 2010, the House adopted the conference report on H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Bill" or "Bill"). The Senate is expected to follow suit when it returns from... Read More

Is this a Brave New World? Implications of the CFPB and the FTC for Nonbank Financial Services Providers
Posted on 3 Aug 2010 by arnold

The Dodd-Frank Act contemplates the creation of a new Consumer Financial Protection Bureau (CFPB) within the Federal Reserve. CFPB would be responsible for consumer protection over financial products and services offered by both banks and nonbanks, including... Read More

The Dodd-Frank Wall Street Reform and Consumer Protection Act's Effect on the Insurance Industry
Posted on 28 Jul 2010 by Paul Walker-Bright

This commentary reviews the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that are pertinent to the insurance industry and opines on what those provisions portend for the regulation of the insurance industry in the future... Read More

Dodd–Frank Wall Street Reform and Consumer Protection Act Regulation of Hedge Funds
Posted on 2 Sep 2010 by Thomas O. Gorman

Hedge funds were a key subject of debate during the passage of Dodd-Frank. While the funds were not tied to the causes of the market crisis, they do represent large pools of assets which can impact the market. Regulators frequently note that they have... Read More

Financial Institutions: How Dodd-Frank's Orderly Liquidation Authority for Financial Companies Violates Article III of the United States Constitution
Posted on 5 Oct 2011 by Corporate and Securities Law Community Staff

36 Iowa J. Corp. L. 869, Summer 2011 Author: Brent J. Horton Excerpt: I. Introduction In 2008 the housing bubble burst, and those financial companies that invested in mortgage-backed securities (MBS) faced insolvency as their MBS became worthless... Read More

The First Attack on the Accredited Investor Standard
Posted on 3 Aug 2010 by Doug Cornelius

Many of the provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act merely provide for future regulatory framework. That it is in part true for the changing definition of "accredited investor" under the Securities Act. The... Read More

Are You Ready? New Dodd-Frank Mortgage Rules Set for Early 2014
Posted on 13 Nov 2013 by Real Law Editorial Team

In the 1970s, the expression “future shock” made its way into common use. It started, of course, with Alvin Toffler’s hugely successful book with that phrase as its title. Like others, Toffler had observed the overwhelming effects on... Read More

Implications of the Dodd-Frank Act for Non-US Banking Organizations, Securities Firms, and Other Financial Companies
Posted on 21 Dec 2010 by arnold

The Dodd-Frank Wall Street Reform and Consumer Protection Act represents the most sweeping overhaul of the US financial sector since the Great Depression. The Act will impact both the US and non-US business and activities of foreign banks, securities... Read More

The SEC’s Busy Rule-Making Agenda
Posted on 22 Sep 2010 by Doug Cornelius

In many instances, the Dodd-Frank Wall Street Reform and Consumer Protection Act merely set a framework for financial reform and left much of the heavy lifting to the financial regulatory agencies. The SEC published their agenda for the implementation... Read More

Proposed Identity Theft Red Flags Rules
Posted on 29 Feb 2012 by Doug Cornelius

Identity theft is a serious problem. Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act increased the scope of firms that would be subject to federal regulatory requirements on identity theft rules. The Securities Exchange Commission... Read More

Williams Mullen: FDIC Issues Final Rule Permitting Interest on Demand Deposits of State Non-Member Banks per Dodd-Frank
Posted on 20 Jul 2011 by Williams Mullen

by Edmund D. Harllee Section 627 of the Dodd-Frank Wall Street Reform and Consumer Protection Act repeals the prohibition against the payment of interest on demand deposits, effective July 21, 2011. On Thursday, July 14, 2011, the Federal Deposit... Read More