Regulatory Developments -
Federal Banking Regulators Propose Net Stable Funding (Liquidity) Ratio -
The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation...more
4/29/2016
/ Accreditation ,
Banking Regulators ,
Banks ,
Civil Investigation Demand ,
Consumer Financial Protection Bureau (CFPB) ,
Content Aggregators ,
Debt Collection ,
Deposit Insurance ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
For Profit Colleges ,
Incentive Compensation ,
Lead Generators ,
Liquidity Coverage Ratio ,
Loans ,
Securities and Exchange Commission (SEC)
Regulatory Developments -
FHFA Announces Principal Reduction Program for Struggling Underwater Homeowners -
On April 14, the Federal Housing Finance Agency (FHFA) announced a new Principal Reduction Modification...more
4/21/2016
/ Banks ,
Congressional Budget Office ,
FHFA ,
FinTech ,
FSOC ,
GAO ,
GSE ,
Major Swap Participants ,
OCC ,
OFR ,
Securities and Exchange Commission (SEC) ,
Swap Dealers ,
Underwater Homeowners
Regulatory Developments -
Cordray Testifies before Senate Banking Committee -
On April 7, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray testified before the Senate Banking Committee during the...more
4/14/2016
/ Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
FinTech ,
FSOC ,
MetLife ,
Mortgage Bankers Association ,
Online Marketplace Lending ,
Richard Cordray ,
Senate Banking Committee ,
SIFIs ,
UK
Regulatory Developments -
DOL Issues Final Fiduciary Rule -
On April 6, the Department of Labor (DOL) unveiled its pre-publication final version of the long-awaited fiduciary rule (the Final Rule). Some of the more...more
4/7/2016
/ Banking Sector ,
Broker-Dealer ,
Community Banks ,
Corporate Governance ,
Cybersecurity ,
Department of Labor (DOL) ,
FDIC ,
Fiduciary Duty ,
Final Rules ,
FinCEN ,
FSOC ,
Funding Portal ,
GE Capital Bank ,
Independent Directors ,
Innovation ,
Investment Adviser ,
Mary Jo White ,
OCC ,
Phishing Scams ,
Private Equity ,
Securities and Exchange Commission (SEC) ,
SIFIs
Regulatory Developments -
SEC Issues FAST Act IM Guidance -
The SEC published an IM Guidance Update highlighting two exemptions from registration under the Investment Advisers Act of 1940 (the Advisers Act) that...more
3/31/2016
/ Banking Regulators ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Fixing America’s Surface Transportation Act (FAST Act) ,
FSOC ,
Oil & Gas ,
Prepaid Payment Products ,
Qualified Mortgage Rule ,
Securities and Exchange Commission (SEC) ,
SIFIs
Regulatory Developments -
FHA Revises Loan-Level Certification Form -
On March 15, the Federal Housing Administration (FHA) announced changes to its loan-level certification form. The changes resulted from concerns...more
3/24/2016
/ Automotive Loans ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Fair Housing Act (FHA) ,
FDIC ,
FinTech ,
Investment Management ,
Madden v Midland Funding ,
Mortgages ,
OCIE ,
Operation Choke Point ,
Preemption ,
Prepaid Payment Products ,
Proxy Access Rule ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Telemarketing Sales Rule
Regulatory Developments -
FDIC Adopts Final Rule to Increase Deposit Insurance Fund to Statutorily Required Level -
On March 15, the Federal Deposit Insurance Corporation (FDIC) approved a final rule to increase the...more
Regulatory Developments -
MSRB Publishes Compliance Advisory for Brokers, Dealers and Municipal Securities Dealers -
The MSRB recently published its first Compliance Advisory for Brokers, Dealers and Municipal...more
3/11/2016
/ Broker-Dealer ,
BSA/AML ,
Civil Monetary Penalty ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Market ,
EU ,
EU-US Privacy Shield ,
European Commission ,
Financial Industry Regulatory Authority (FINRA) ,
MSRB ,
OCC ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
SLUSA
Regulatory Developments -
CFPB Now Accepting Complaints on Online Marketplace Lenders -
On March 7, the Consumer Financial Protection Bureau (CFPB) announced two initiatives: it will now accept complaints from...more
3/10/2016
/ Americold Realty Trust v Conagra Foods ,
Bank Secrecy Act ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Data Security ,
Diversity Jurisdiction ,
Enforcement Actions ,
FBAR ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
FinCEN ,
Liquidity ,
OCC ,
Online Marketplace Lending ,
REIT ,
SCOTUS ,
Trusts ,
Volcker Rule
Regulatory Developments -
CFPB Announces No-Action Policy for Innovative Consumer Products -
On Feb. 18, the CFPB issued a final policy statement that permits some companies with innovative consumer products to seek...more
Regulatory Developments -
Federal Reserve Board Repeals Regulation AA and Proposes Repeal of Regulation C -
On Feb. 11, the Federal Reserve Board took steps towards transferring some of its rulemaking authority to...more
2/18/2016
/ Anti-Money Laundering ,
CFTC ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
EMIR ,
EU ,
European Commission ,
FDIC ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Funding Portal ,
OCC ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Stress Tests
Regulatory Developments -
CFPB Announces Steps to Improve Checking Account Access -
On Feb. 3, the CFPB announced that it was taking three steps to expand checking account access to the approximately 10 million...more
2/11/2016
/ Barack Obama ,
Broker-Dealer ,
CFPB Bulletins ,
Checking Accounts ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Department of Justice (DOJ) ,
Dispute Resolution ,
Escrow Accounts ,
EU-US Privacy Shield ,
European Commission ,
European Court of Justice (ECJ) ,
Executive Orders ,
Fair Credit Reporting Act (FCRA) ,
Fannie Mae ,
Financial Industry Regulatory Authority (FINRA) ,
Freddie Mac ,
HSBC ,
International Data Transfers ,
MSRB ,
Offerings ,
Regulation V ,
Transatlantic Trade and Investment Partnership ,
US-EU Safe Harbor Framework
Regulatory Developments -
FDIC Provides Framework for Cybersecurity in Recent Supervisory Insights -
The FDIC featured an article titled “A Framework for Cybersecurity” in the Winter 2015 issue of Supervisory...more
2/5/2016
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Cuba ,
Cuban Assets Control Regulations (CACR) ,
Cybersecurity ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
Dodd-Frank ,
Export Administration Regulations (EAR) ,
FDIC ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Funding Portal ,
OCC ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Stress Tests
Regulatory Developments -
Under Review: Deposit Insurance Assessments for Small Banks -
On Jan. 21, the FDIC approved revised proposed rules on risk-based federal deposit insurance assessments for small banks...more
1/28/2016
/ Banking Sector ,
CFTC ,
Enforcement Actions ,
FDIC ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Conduct Authority (FCA) ,
Hart-Scott-Rodino Act ,
OCC ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Swap Execution Facilities ,
UK ,
Whistleblowers
Regulatory Developments -
FinCEN Issues Advisory on Update to List of FATF Identified Jurisdictions -
FinCEN has issued an advisory to financial institutions summarizing updates made by the FATF to the list of...more
Regulatory Developments -
Client Alert: FINRA Releases 2016 Regulatory and Examination Priorities Letter -
Goodwin Procter’s Investment Management practice has issued a client alert on FINRA’s Jan. 5 release of its...more
1/14/2016
/ CFTC ,
Examination Priorities ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Holding Companies ,
Institutional Shareholder Services (ISS) ,
Marijuana Related Businesses ,
New Guidance ,
OCIE ,
Proxy Access ,
Proxy Voting Guidelines ,
Securities and Exchange Commission (SEC) ,
Swap Clearing