Administrative Law | JD Supra Legal News, Updates, Analysis, & Information

Federal Bank Secrecy Act Issues for Mobile Payment Systems

by Davis Wright Tremaine LLP on 5/23/2012

In This Presentation: - The BSA from 30,000 Feet - ABCs of the BSA for MSBs - Impact on Customer Acquisition - BSA/AML Enforcement - Current Topics and Resources Excerpt from The BSA from 30,000...more

Eleventh Circuit Court of Appeals Finds that “Dunning” Notice Enforcing a Security Interest May Give Rise to FDCPA Claim

by BuckleySandler LLP on 5/23/2012

On May 1, the U.S. Court of Appeals for the Eleventh Circuit reversed and remanded a lower court’s dismissal of an FDCPA claim, finding that the contents of a “dunning” notice from the lender’s foreclosing law firm...more

Spotlight on Auto Finance (Part 2 of 3): New Database to Combat Fraud Against Military and Veterans

by BuckleySandler LLP on 5/23/2012

The federal government is increasing scrutiny of financial services companies’ practices affecting active military members, veterans and their families. Earlier this year, the CFPB along with the FTC, the Department of...more

Little Hoover Commission Votes To Approve Governor’s Reorganization Plan

by Allen Matkins Leck Gamble Mallory & Natsis... on 5/23/2012

Yesterday morning, the Little Hoover Commission voted to approve the Governor’s Reorganization Plan, subject to the members appointed by the Speaker of the Assembly (Mark Vargas) and the Senate Rules Committee (Jonathan...more

InfoBytes, May 18, 2012 - A Weekly In-depth review of news & developments in the financial services industry.

by BuckleySandler LLP on 5/23/2012

Topics In This Issue: Federal Issues - State Issues - Courts - Miscellany - Firm News - Mortgages - Banking - Consumer Finance - E-Commerce Excerpt from Federal Issues: Federal Prudential Regulators Issue Final...more

Financial Industry Alert: FSA Releases Finalised Guidance on Payment for Order Flow Arrangements

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On 14 May 2012, the FSA issued its finalised guidance on payment for order flow (“PFOF”) arrangements following its October 2011 guidance consultation. The FSA approached the industry back in October for feedback...more

FSA and BoE Paper on PRA Designation of Investment Firms

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On 17 May 2012, the FSA and the Bank of England (BoE) published a short paper on how the Prudential Regulation Authority (PRA) will exercise its powers to designate certain investment firms....more

Mergers & Acquisitions Law Report - May 7, 2012: Summary of Required Financial Statements of Businesses Acquired or to Be Acquired

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

Reproduced with permission from Mergers & Acquisitions Law Report, 15 MALR 686, 05/07/2012. Copyright 2012 by The Bureau of National Affairs, Inc. Rule 3-05 of Regulation S-X requires audited financial statements to be...more

ECOFIN Reaches Agreement on CRD IV

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On 15 May 2012, the Council of the EU announced that the Economic and Financial Affairs Council (“ECOFIN”) has reached agreement on the CRD IV proposals. CRD IV is a package of EU reforms on prudential requirements for credit...more

FSA Guidance on the Practice of PFOF

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On 14 May 2012, the FSA published guidance on payment for order flow (“PFOF”) arrangements. These are arrangements where a broker receives payment from market makers in exchange for sending order flow to them. Firms should...more

Orrick's Financial Industry Week In Review - May 21, 2012

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

In This Issue: - Financial Industry Developments · FHFA Releases Draft Strategic Plan · Large Bank Stress Testing Guidance Finalized · Stress Testing for Community Banks · CFTC Rule on Swap...more

Financial Services Legislative And Regulatory Update -- May 21, 2012

by Mintz Levin - Public Finance on 5/22/2012

In This Issue: Leading The Past Week; Legislative Branch; House of Representatives; Executive Branch; OCC; CFTC; SEC; FHFA; and Upcoming Hearings. Excerpt from Leading The Past Week The news last week was...more

This Week in Washington - May 18, 2012

by Patton Boggs LLP on 5/22/2012

In This Issue: - DOMESTIC POLICY MATTERS Fiscal Year (FY) 2013 Budget/Appropriations/Debt Ceiling. The House Appropriations Committee marked up the FY 2013 Defense, State-Foreign Operations, Military Construction...more

A Whole New Ball Game: SIFI Designations in the Dodd-Frank Paradigm

by K&L Gates LLP on 5/22/2012

The process for designating systemically important financial institutions (“SIFIs”) under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is moving forward apace. On April 3, 2012, the Financial...more

FSA Fines Martin Currie £3.5 million for Conflict of Interests Failures

by Katten Muchin Rosenman LLP on 5/22/2012

On May 10, the UK Financial Services Authority (FSA) announced that it fined Martin Currie Investment Management Limited and Martin Currie Inc (together, Martin Currie) £3.5 million (approximately $5.5 million) for conflict...more

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Administrative Law – May 23, 2012

Narrowed by: Finance & Banking

Federal Bank Secrecy Act Issues for Mobile Payment Systems

Eleventh Circuit Court of Appeals Finds that “Dunning” Notice Enforcing a Security Interest May Give Rise to FDCPA Claim

Spotlight on Auto Finance (Part 2 of 3): New Database to Combat Fraud Against Military and Veterans

Little Hoover Commission Votes To Approve Governor’s Reorganization Plan

InfoBytes, May 18, 2012 - A Weekly In-depth review of news & developments in the financial services industry.

Financial Industry Alert: FSA Releases Finalised Guidance on Payment for Order Flow Arrangements

FSA and BoE Paper on PRA Designation of Investment Firms

Mergers & Acquisitions Law Report - May 7, 2012: Summary of Required Financial Statements of Businesses Acquired or to Be Acquired

ECOFIN Reaches Agreement on CRD IV

FSA Guidance on the Practice of PFOF

Orrick's Financial Industry Week In Review - May 21, 2012

Financial Services Legislative And Regulatory Update -- May 21, 2012

This Week in Washington - May 18, 2012

A Whole New Ball Game: SIFI Designations in the Dodd-Frank Paradigm

FSA Fines Martin Currie £3.5 million for Conflict of Interests Failures

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