Banking and Finance

Recent Posts

Market Risk Capital Rules: Creditworthiness Standards to Replace Credit Ratings
Posted on 23 Jan 2012 by Morrison and Foerster LLP

On December 21, 2011 the Office of the Comptroller of the Currency ("OCC"), Board of Governors of the Federal Reserve System ("Board"), and Federal Deposit Insurance Corporation ("FDIC") (collectively, the "agencies"... 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

Federal Reserve Board Proposes New Regulatory Scheme for Remittance Transfers
Posted on 12 Sep 2011 by Morrison and Foerster LLP

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... Read More

Savings and Loan Holding Companies: Supervision by the Federal Reserve Board
Posted on 22 Sep 2011 by Morrison and Foerster LLP

by Dwight C. Smith, Barbara R. Mendelson, Charles M. Horn, Henry M. Fields and Oliver I. Ireland The first formal step in the transition of the Federal Reserve Board taking over the supervisory responsibilities of the Office of Thrift Supervision occurred... Read More

Federal Court Blocks Reg. Z 25% Limit on Pre-Account Opening Fees
Posted on 29 Sep 2011 by Ballard Spahr LLP

by the Consumer Financial Services Group The U.S. District Court for the District of South Dakota has issued a preliminary injunction postponing the October 1, 2011, effective date of the Federal Reserve Board's 2011 Regulation Z (Truth in Lending... Read More

Commentary on Dodd-Frank Act, Title XIV - Anti-Predatory Lending Provisions for Residential Mortgage Loans
Posted on 14 Sep 2010 by Stephen Ornstein, Matthew Yoon, John Holahan

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton, discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the... Read More

Sutherland Asbill & Brennan Legal Alert: Federal Reserve Publishes Rules Implementing Provisions of the CARD Act Relating to Gift Cards, Gift Certificates and Prepaid Cards
Posted on 11 May 2010 by Admin

The Federal Reserve Board has published final rules implementing the provisions of the Credit Card Act of 2009 relating to gift cards, gift certificates and "general use prepaid cards." The rule applies to all covered products sold or issued... Read More