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

CFPB Uses Novel Interpretation, Increases Compliance Burden for Gift Card Issuers Through its First Preemption Determination
Posted on 25 Apr 2013 by Morrison and Foerster LLP

by Rick Fischer, Obrea Poindexter, Leonard Chanin, and Matt Janiga On April 19, 2013, the Consumer Financial Protection Bureau ("CFPB") announced it was making a determination to preempt a provision of Tennessee unclaimed property law that... Read More

Tags: Consumer Financial Protection Bureau , Regulation E , Electronic Fund Transfer Act , gift cards