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

Supervision of International Bank Branches-A Global Analysis: United States
Posted on 16 Nov 2015 by Norton Rose Fulbright

by Kathleen Scott 1. How can international banks operate in your jurisdiction? Non-US banks can engage in banking activities in the US through direct offices such as branches, agencies and representative offices or through bank subsidiaries. Branches... Read More

More States Looking to ‘Go Green’ In Spite of Banking Woes
Posted on 30 Oct 2015 by State Net

by Rich Ehisen This Tuesday, Ohio voters will go to the polls to decide whether to legalize recreational and medicinal marijuana use. But even if the Buckeye State becomes the 24 th (along with the District of Columbia) to legalize some form of marijuana... Read More

Federal, State Law Preempts New York City Responsible Banking Act, Federal Court Rules
Posted on 18 Aug 2015 by Ballard Spahr LLP

New York City’s Responsible Banking Act (RBA) is preempted by federal and state law, a federal court has ruled [subscribers can access an enhanced version of this opinion: lexis.com | Lexis Advance ]. Pursuant to the New York City Charter, only... Read More

Tribal Nations to Take Cannabis Cash?
Posted on 12 Oct 2015 by David N. Feldman

According to Bloomberg, the Native Americans are getting ready to accept cash earned by cannabis growers and sellers who are not able to deposit it in regular banks due to the still federally illegal nature of what they are doing. The report indicates... Read More