On July 9, 2021, President Biden signed an “Executive Order on Promoting Competition in the American Economy.”
On August 20, the Consumer Financial Protection Bureau (CFPB) entered a consent order with a national bank over the sales and marketing practices for its optional overdraft service called Debit Card Advance (DCA).
Although it was very quiet on the western front (in particular, in California), 2019 was generally a solid year for banks pursuing merger and acquisition opportunities and accessing the capital markets.
In a notice of proposed rulemaking (NPRM), the Federal Deposit Insurance Corporation (FDIC) announced its plan to update its brokered deposits regulations.
Seeking to increase the transparency of the rules for determining control of a banking organization, the Federal Reserve Board of Governors (Board) asked for public comment on a new proposal.
Manatt is pleased to announce its ranking among the top law firms in Corporate Control Alert’s 2014 Six-Month Banker Representations list for number of deals.
On December 20, 2011, the Federal Reserve Board issued proposed regulations intended to strengthen the regulation and supervision of large bank holding companies (BHCs) and systemically important nonbank financial firms as required by Dodd-Frank Sections 165 and 166.
A little-noticed provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) has the potential of curtailing significant investments by private equity firms in banks.
First, pessimistic, negative and critical examinations with calls for increased capital and other remedial action.