LexisNexis® Legal Newsroom
Troutman Sanders
CFPB Issues Fall 2012 Supervisory Highlights Report

On October 31, 2012, the CFPB released its first report highlighting its supervisory activity between July 2011 and September 30, 2012. Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB is authorized to supervise...

Timothy Raub
Standard Chartered to Pay $327M to Settle Money Laundering Claims

WASHINGTON, D.C. - (Mealey's) Standard Chartered Bank (SCB) has agreed to the forfeiture of $227 million to the U.S. Department of Justice and to pay a $100 million penalty to the Federal Reserve Board for violating the International Emergency...

Timothy Raub
HSBC to Pay $1.9 Billion to Settle Money Laundering Claims

LONDON - (Mealey's) Financial giant HSBC has agreed to pay $1.9 billion to the U.S. Department of Justice and other federal agencies to settle claims that it instituted "inadequate compliance with anti-money laundering [AML] and sanctions...

Yi Song
SEC Delays Rules on Key EB-5 Section in JOBS Act

When the JOBS Act was enacted in April 2012, it raised a significant amount of excitement in the EB-5 community. At the time, there was a general consensus that the Act could change the landscape of EB-5 private offerings. However, the Securities and...

Yi Song
New Leadership in China and EB-5 Practice

The seven-member Politburo Standing Committee in China greeted the world in the Great Hall of the People on November 15, 2012 in Beijing. What does the new leadership in China mean to EB-5 practice? Most believe it is too early to tell. However, a...

Erik Gerding
CFPB Gathers Comments in Advance of Potential Regulation of General Use Prepaid Reloadable Cards

Excerpt: The Consumer Financial Protection Bureau has begun the process of issuing new rules to govern the booming, multi-billion dollar market in certain reloadable debit cards. On May 24, 2012, the Bureau issued an Advanced Notice of Proposed...