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Morrison & Foerster - Regulatory Capital: January 1, 2013 Deadline Eased
Posted on 12 Nov 2012 by Morrison and Foerster LLP

This morning, the three federal bank regulatory agencies announced that their proposed new capital rules based on Basel III (and other Basel standards) would not take effect on January 1, 2013, a date previously proposed apparently in order to adhere... Read More

CFPB to Amend Ability to Repay Rules under CARD Act to Consider Household Income
Posted on 29 Nov 2012 by Erik Gerding

The Consumer Financial Protection Bureau will begin a notice-and-comment rulemaking to reverse a portion of the "ability to repay" regulations under the CARD Act. The CFPB will begin formal rulemaking to allow card issuers to consider household... Read More

K&L Gates on Dodd-Frank Wall Street Reform: Future Rulemaking and Congressional Activity
Posted on 30 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

The Slow Rulemaking on Swaps and Derivatives
Posted on 13 Sep 2011 by Doug Cornelius

One of the strange splits in US financial regulation is that many swap and derivatives are regulated by the Commodities Futures Trading Commission instead of the Securities and Exchange Commission. I think of the CFTC, I think of Trading Places and with... Read More

The SEC’s Busy Rule-Making Agenda
Posted on 22 Sep 2010 by Doug Cornelius

In many instances, the Dodd-Frank Wall Street Reform and Consumer Protection Act merely set a framework for financial reform and left much of the heavy lifting to the financial regulatory agencies. The SEC published their agenda for the implementation... Read More

Ballard Spahr: Federal Reserve Extends Comment Period on Basel III Capital Rulemaking
Posted on 17 Aug 2012 by Ballard Spahr LLP

by Keith R. Fisher The Federal Reserve has extended the comment period on its Basel III regulatory capital rulemaking from its original September 7 deadline until October 22, 2012. The rulemaking, which was the subject of a previous Ballard Spahr legal... Read More

CFPB Gathers Comments in Advance of Potential Regulation of General Use Prepaid Reloadable Cards
Posted on 30 Nov 2012 by Erik Gerding

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... Read More

Dodd-Frank Act Rulemakings - End-User Update
Posted on 7 Jun 2011 by Sutherland Asbill & Brennan LLP

This commentary provides an overview of the status of significant rulemaking developments since the enactment of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act. It focuses on important issues facing end-users of derivatives and... Read More

Dodd-Frank Rulemaking Delays: Bad, and Likely to Get Worse
Posted on 4 May 2011 by Kevin M. LaCroix

You may have seen May 2, 2011 Wall Street Journal article entitled "Overhaul Grows and Slow" ( here ), which described the backlog developing as regulators struggle to meet the rule-making guidelines mandated by the Dodd-Frank Act. The article... Read More