Newsletters

12.10.13

Volcker Rule Is Final

As widely anticipated in the press, federal regulators have issued final rules implementing Section 619 of the Dodd-Frank Act, commonly called the Volcker Rule.


12.05.13

#Badidea: JPMorgan Chase Stumbles on Twitter

JPMorgan Chase’s recent activity on Twitter provides an example of the need for financial institutions to use caution when using social media.


11.21.13

Bank Can Be Liable Under California Law for Overdraft Fee Charge Ordering

A checking account that includes a debit card feature is a “service” under California’s Consumer Legal Remedies Act, according to a new federal court opinion allowing a consumer’s suit challenging the ordering of overdraft fees to continue.


11.07.13

FDIC Cautions Financial Institutions About D&O Insurance

Noting a rise in the use of exclusions in insurance policies for executives at financial institutions, the Federal Deposit Insurance Corporation urged banks to review existing policies and consider the appropriate level of coverage.


09.26.13

Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors

Turning a narrow consumer shield into a potentially broad sword, this summer California expanded its anti-deficiency judgment laws to prohibit not only the judicial pursuit of mortgage deficiency balances, but also to declare that post-foreclosure deficiencies can be neither “owed” nor ...


09.11.13

Money Laundering on the Front Burner

With the bulk of the banking industry’s credit problems resolved or at least more manageable than in the recent past, the regulators appear to be on a new warpath.


07.03.13

Federal Reserve Adopts Basel III for U.S. Banks

On July 2, 2013, the Federal Reserve Board approved a final rule implementing the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision as well as certain changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.


06.20.13

Staying on Top of Risk: Latest OCC Risk Perspective Highlights Regulatory Concerns for All Banks

On June 18, 2013, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective highlighting current risks for national banks and federal savings associations.


05.30.13

Lessons from the Automated Electronic Checking Inc. Case

Recent action by the Federal Trade Commission against a third party processor found to be processing transactions for a merchant engaged in wrong-doing, indicates the necessity of processors employing adequate due diligence and monitoring to avoid being liable for merchant actions.


12.13.12

Key Provision of Regulation E Poised for Repeal: Manatt Instrumental in Legislative Efforts

On December 11, 2012, after weeks of procedural holds, the U.S. Senate passed by unanimous consent a U.S. House bill (H.R. 4367) repealing the regulatory provision in Regulation E requiring banks, credit unions, casinos and other financial institutions to post placards on automated teller machines ...