• 04.27.18

    Treasury Department: Bringing the CRA Into the 21st Century

    The U.S. Department of the Treasury has published recommendations for modernizing the Community Reinvestment Act (CRA), offering proposals to the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) to better align ...

  • 02.01.18

    Scrutiny for Online Lending in New York

    The New York Department of Financial Services (DFS) may be taking a closer look at online lending, thanks to bills pending in the state legislature.

  • 11.30.17

    Deceptive Marketing Practices Cost Bank $5M

    A state-chartered bank based in Missouri must pay $5 million pursuant to a Consent Order with the Board of Governors of the Federal Reserve System resulting from charges of deceptive marketing practices.

  • 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

    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

    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

    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.