Banking and Finance

Recent Posts

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

Tags: Regulation E , Dodd-Frank Wall Street Reform & Consumer Protection Act , electronic fund transfers

The Seventh Circuit Refuses to Reconsider Its Ruling That Mortgage Servicers Must Credit Electronic Payments Before Funds Are Received
Posted on 1 May 2015 by Troutman Sanders

by Maryia Y. Jones and John C. Lynch The Seventh Circuit has refused to reconsider its troublesome ruling that mortgage servicers violate the Federal Truth in Lending Act (TILA) if they do not credit electronic payments the day they are made even though... Read More

Tags: electronic payments , electronic fund transfers , mortgage servicing