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
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...
by Ezra C. Levine, Andrew M. Smith and M.
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...
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...
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
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...
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...