• 06.30.20

    Volcker Rule Changes Provide Stimulus Effect With Banks and Investment Funds

    On June 25, 2020, federal banking and securities regulators issued new regulations that will ease burdens on banks that involve themselves with certain types of investment funds.

  • 06.22.17

    Supreme Court: FDCPA Doesn’t Cover Owned Debt

    A bank or other person may collect debts that it purchased for its own account without triggering the statutory requirements of the Fair Debt Collection Practices Act, a unanimous Supreme Court recently ruled.

  • 10.15.15

    Get Ready, Get Set: Same-Day ACH Service Mandatory in 2016

    Continuing its efforts to modernize the U.S. payments infrastructure, the Federal Reserve Board of Governors announced that effective September 23, 2016, receiving depository financial institutions (RDFIs) who participate in the FedACH network will be required to accept same-day automated clearing ...

  • 07.02.15

    CFPB Releases Final Rule for Nonbank Auto Lenders Oversight

    The Consumer Financial Protection Bureau (CFPB) released its final rule providing oversight of larger participants in the nonbank auto-financing ecosystem, along with examination procedures for covered entities, making the significant expansion of its supervision official.

  • 02.12.15

    With Cert Denial, Fed’s Interchange Rules Will Stand

    With the U.S. Supreme Court’s denial of certiorari, the Board of Governors of the Federal Reserve Board’s interchange rules will stand.

  • 10.09.14

    Bank Directors, Officers Win Dismissal of FDIC Suit

    Almost all cases brought by the FDIC in the last few years against former directors and officers of failed banks have been resolved by negotiated settlements.

  • 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.

  • 12.10.13

    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.

  • 11.07.13

    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.



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