Newsletters

09.25.14

OCC Publishes Final Guidelines With Heightened Standards for Big Banks Which All Banks Should Review

Risk management continues to be at the top of regulatory agendas, and the OCC has taken the opportunity to offer its heightened risk guidelines for large financial institutions of more than $50 billion in average consolidated assets (including national banks, federal savings associations, and ...


09.11.14

“Culture of Compliance” Urged by FinCEN

Following months of rumors that the Financial Crimes Enforcement Network (FinCEN) is preparing to impose personal liability on officers, directors and employees for shortcomings in their financial institutions’ Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance, the agency issued ...


09.10.14

SEC Issues Final Regulations on Asset-Backed Securities

In the last week of August, the SEC issued in final form the new and wholly revised Regulation AB, which relates to the issuance of asset-backed securities.


08.14.14

FDIC Clarifies Supervision of Bank/Third-Party Payment Processor Relationships

In an effort to rectify “misunderstandings” and get out of the line of political fire, the Federal Deposit Insurance Corporation (FDIC) issued updated guidance to clarify its supervisory approach to institutions establishing account relationships with third-party payment processors.


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.


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.


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.


11.07.13

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.


06.07.13

Get It While It’s Hot! Papa John’s Settles TCPA Suit for $16.5M

Facing a full plate of Telephone Consumer Protection Act litigation, Papa John's settled one of the class actions filed against it for $16.5 million.


02.26.10

Impact of New Credit Card Rules on Marketers

The media has been filled with stories the past few days regarding new rules for credit cards.