Newsletters

08.17.17

Legislation Would Legalize ‘Valid When Made’ Rule

A new bill introduced by Sen. Mark Warner (D-Va.) would overrule the U.S. Court of Appeals, Second Circuit, decision in Madden v. Midland Funding and legalize the “valid when made” rule.


08.17.17

Federal Reserve Considers Changes to Board of Director Expectations

The Board of Governors of the Federal Reserve System requested public comment on a proposal intended to enhance the effectiveness of boards of directors, refocusing the regulator’s supervisory expectations of boards.


08.03.17

DFS Provides Answers to Cybersecurity FAQs

Hoping to provide greater clarity to financial institutions subject to its new cybersecurity requirements, New York’s Department of Financial Services (DFS) published a Frequently Asked Questions (FAQ) document to assist those institutions as the Aug. 28, 2017, compliance deadline looms.


08.03.17

Will the CFPB’s Arbitration Rule Survive?

As previously reported, the Consumer Financial Protection Bureau (CFPB) released its new rule prohibiting the use of mandatory arbitration clauses that foreclose group lawsuits. 


08.03.17

OCC Report Highlights Top Risks for Banks

What are the top risk areas for national banks and federal savings associations?


08.03.17

Regulators Seek Comment on Proposed Jump in Appraisal Threshold

The federal banking regulators proposed an increase in the threshold for commercial real estate transactions requiring an appraisal from the current $250,000 to $400,000, a move the agencies said was in response to “concerns about the time and cost associated with completing real estate ...


08.03.17

Manatt Hosts Panel on Changes, Challenges in Financial Industry

At a recent event hosted by the Washington Business Journal and Manatt, Phelps & Phillips, LLP, partner Joseph Passaic shared his thoughts on issues ranging from the impact of the Dodd-Frank Act to potential changes presented by the pending Financial CHOICE Act to the challenges of financial ...


08.03.17

Will the CFPB’s Arbitration Rule Survive?

As previously reported, the Consumer Financial Protection Bureau (CFPB) released its new rule prohibiting the use of mandatory arbitration clauses that foreclose group lawsuits.


07.28.17

Is the Party Over? SEC Concludes Cryptocurrency Offering Required Registration

In an investigative report and investor bulletin, the SEC concludes that offers and sales of cryptocurrency coins and tokens may be subject to federal securities laws.


07.27.17

SCOTUS Limits Reach of Fair Debt Collection Practices Act

In a unanimous decision, the Supreme Court narrowly interpreted “debt collector” under the Fair Debt Collection Practices Act to exclude debt purchasers engaging in collection efforts for their own accounts.