Newsletters

05.08.14

FDIC Panel Considers Mobile Financial Services For Underbanked

How can financial institutions better serve underbanked individuals?


04.24.14

California Considers Data Breach Bill Imposing Significant New Obligations on Businesses

Who should be responsible for paying for the costs of data breaches?


04.10.14

Court: FTC Can Regulate Payday Lenders Affiliated With Indian Tribes

In what is being hailed by the Federal Trade Commission as a victory for regulators, a federal court judge in Nevada has ruled that the FTC has the authority to bring suit against payday lenders affiliated with American Indian tribes.


03.28.14

D.C. Circuit Court Upholds Fed’s Debit Card Fee Cap, Antiexclusivity Rules

Dealing a blow to merchants nationwide, the D.C. Circuit Court of Appeals reversed a lower court and upheld the rules promulgated by the Board of Governors of the Federal Reserve capping fees on debit interchange and establishing antiexclusivity requirements for payment card networks.


03.13.14

State and Federal Lawmakers, Chair of Fed Weigh in on Regulation of Virtual Currency

The New York Department of Financial Services issued an order on Wednesday that it will immediately start accepting applications and formal proposals for the establishment of virtual currency exchanges.


02.27.14

Light ’em Up: FinCEN’s Cautionary Guidance About Banks Working With Marijuana Companies

The Financial Crimes Enforcement Network’s new guidance on how to work with marijuana-related businesses is unlikely to make it easier for banks that have been wrestling with the basic question of whether they can provide services to such companies.


02.14.14

For Community Banks, A Volcker Rule Recap

Financial institutions have been inundated with information since the release of the final Volcker Rule on December 10, 2013.


02.10.14

Swipe Fee Settlement Yields More Litigation

Although the parties reached a $7.25 billion class action settlement of the antitrust suit brought by merchants against Visa and MasterCard over swipe fees, the case is far from over.


01.17.14

Community Banks and the Volcker Rule: What’s Next?

For now, banks that have investments in CDO securities that are issued by funds that are invested in trust preferred securities (TruPS CDOs) have dodged a bullet.


12.19.13

Fifth Circuit: State Attorney General’s Consumer Protection Suits Not Preempted

The National Bank Act does not preempt claims brought by the Mississippi Attorney General based on a violation of the state consumer protection act in a suit against Capital One Financial Corp., Citigroup, Discover Financial Services, HSBC Holdings, Bank of America and JPMorgan Chase, the Fifth ...