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FREE DOWNLOAD: Stutzman on a Bank's Duty of Care to a Non-Customer: Know Your Customer (and Non-Customers) — You May have a Duty to Them Both Where Someones Identity is Stolen
Posted on 17 Dec 2008 by Andrew Stutzman

Recent reports have shown identify theft dramatically increasing and costing financial institutions huge losses. The Financial Crimes Enforcement Network (FinCEN), in its Mortgage Loan Fraud Report in April 2008, compared year-to-year Suspicious Activity... Read More

K&L Gates on Dodd-Frank Wall Street Reform: Future Rulemaking
Posted on 26 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

Gabe Shawn Varges Examines Emerging International Indicators for Compliance Function Expectations, Particularly Positioning, Resources, and Authority
Posted on 30 Mar 2010 by Gabe Shawn Varges

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at... Read More

The New RESPA Rule: Will It Help Consumers Shop for Mortgage Loans?
Posted on 26 Jan 2009 by Robert M Jaworski

The U.S. Department of Housing and Urban Development (HUD) adopted a new Real Estate Settlement Procedures Act (RESPA) reform rule on November 17, 2008. The new rule effected significant changes to Regulation X, most notably, dramatically changing the... Read More

Gabe Shawn Varges Examines Emerging International Indicators for Compliance Function Expectations, Particularly Positioning, Resources, and Authority
Posted on 30 Mar 2010 by Gabe Shawn Varges

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at... Read More

Jaworski and Mishkin on the Feds Final Rule Amending Regulation Z
Posted on 7 Oct 2008 by Robert M. Jaworski and Barbara Mishkin

On July 30, 2008, the Fed adopted the final rule to amend Regulation Z. Effective October 1, 2009, the rule creates a new category of mortgage loans, imposes new requirements on the making and servicing of closed-end mortgages secured by a primary dwelling... Read More

Wilson on the Collapse of the Auction Rate-Securities Market
Posted on 13 Feb 2009 by James M. Wilson, Jr.

On July 25, 2008, the Attorney General for the State of New York announced, after a months-long investigation, that he had filed civil fraud charges against UBS AG for allegedly engaging in consumer and securities fraud related to its participation in... Read More

The Proposed Consumer Financial Protection Agency, Jennifer Martin
Posted on 14 Dec 2009 by Jennifer Martin

A Consumer Financial Protection Agency has been put forth as one of the proposals to address regulatory deficiencies that allowed of institutions offering those selling consumer financial products to overreach. Professor Jennifer Martin looks at the proposed... Read More

Thacher Proffitt and Wood LLP: US Treasury Announces Three Part Plan to Modernize the US Financial Regulatory Structure
Posted on 30 May 2008 by Stephanie G. Nygard and Mark I. Sokolow

On March 31, 2008, Treasury Department Secretary Henry M. Paulson, Jr. announced the United States Treasury's plan to modernize the U.S. financial regulatory structure (the "Plan"). The Plan calls for three stages of reform - short-term... Read More