Antitrust & Trade Regulation, Finance & Banking, Administrative Law

2013 Outlook for Credit Counseling: A Legal and Regulatory Perspective

by Jonathan L. Pompan | Venable LLP on 1/14/2013

Originally published in "The Independent Counselor" - January 2013. As the start of 2013 is upon us, nonprofit credit counseling agencies will be trying to anticipate the needs of their communities, by knowing what to...more

FTC Raises Hart-Scott-Rodino Thresholds

by David R. Brenneman, Greta Burkholder, Harry Robins | Morgan Lewis on 1/14/2013

Transactions closing as of February 11 will be subject to increased HSR Act jurisdictional and filing fee thresholds. On January 10, the Federal Trade Commission (FTC) announced that it will raise the Hart-Scott-Rodino...more

Corporate and Financial Weekly Digest - January 4, 2013

by Katten Muchin Rosenman LLP on 1/7/2013

In this issue: - CII Submits Rule 10b5-1 Rulemaking Petition to the SEC - ISS Publishes Updated FAQs for its Proxy Voting Policies - CFTC Issues Final Order on Cross-Border Swaps - CFTC Issues No-Action...more

FTC Report On Interchange Fees Addresses Community Banks

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 12/28/2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act amended the Electronic Fund Transfer Act, or EFTA, to restrict interchange fees and to prohibit exclusive networks for debit card transactions. The Federal Trade...more

Federal Trade Commission Report on Activities Related to Section 1075 of the Dodd-Frank Act

by Davis Wright Tremaine LLP on 12/28/2012

Pursuant to the FY2012 Omnibus Appropriations Legislation, the FTC recently released a report to Congress (“Report”) on the FTC’s enforcement, outreach and other activities implementing the Durbin Amendment rules, as well as...more

Corporate and Financial Weekly Digest - December 14, 2012

by Katten Muchin Rosenman LLP on 12/17/2012

In this issue: - CFTC Issues No-Action Letters - SEC Division of Investment Management Lifts Actively-Managed ETF Derivatives Use Moratorium and Announces Two Rulemaking Initiatives - Antitrust “Tying” Claims...more

Your Chinese Trading Partners’ SAFE Status May Impact Your Payment Terms

by Thomas G. Appleman, Yanping Wang | Miller Canfield on 12/10/2012

Chinese currency (renminbi or RMB) is not an internationally convertible currency. A Chinese company needs to convert its RMBs into internationally circulated currencies to pay for imported goods or convert foreign currencies...more

CFPB and FTC Target Mortgage Advertising

by Jonathan L. Pompan | Venable LLP on 12/3/2012

The Consumer Financial Protection Bureau ("CFPB") and the Federal Trade Commission ("FTC") have targeted mortgage advertising and marketing in a joint "sweep." Just prior to the Thanksgiving holiday, the CFPB and FTC...more

CSRC Further Opens China’s Investment Banking Market – But Just a Little

by Morrison & Foerster LLP on 10/26/2012

The China Securities Regulatory Commission (“CSRC”) recently amended the Rules on the Establishment of Foreign-Invested Securities Companies (????????????; the “FISC Rules”) to raise the cap on the permissible foreign stake...more

Mortgage Banking Update - October 19, 2012

by Ballard Spahr LLP on 10/19/2012

In This Issue: - FTC Settles FCRA Enforcement Actions Alleging Wrongful Sale and Use of Prescreened Lists - Colorado Court of Appeals Finds “Fractional Interests” Not Lots under the Interstate Land Sales Full...more

Employers Must Update FCRA-Required Forms

by Ballard Spahr LLP on 10/18/2012

The Consumer Financial Protection Bureau (CFPB) has released new regulations requiring employers to update forms mandated by the Fair Credit Reporting Act (FCRA) by January 1, 2013. The changes consist primarily of...more

China Bulletin - Business, Trade and Competition - October 2012

by White & Case LLP on 10/10/2012

In This Issue: - China Seeks Comments on Draft Patent Law - China Requests WTO Consultations with United States Regarding PL 112-99, Certain AD/CVD Measures - Taiwan Signs Agreements on Investment Protection...more

New FCRA Forms Take Effect January 1, 2013

by Proskauer Rose LLP on 9/20/2012

Employers must adopt new Fair Credit Reporting Act (FCRA) forms by January 1, 2013, in light of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 shifting FCRA rulemaking authority from the Federal Trade...more

The Implications of Private LIBOR Litigation

by Michael Volkov on 9/11/2012

Like other major financial controversies, the London Interbank Offered Rate (“LIBOR”) case is spawning private litigation in the United States. The dangers of an antitrust violation include treble damages in private suits...more

The LIBOR Scandal Unraveled

by Michael Volkov on 8/28/2012

The LIBOR “scandal” could have far-reaching implications for financial institutions in the United States and global markets. It is hard to know exactly how the issue will play out. The Department of Justice is definitely...more

No shortage of enforcement targets for CFPB and FTC

by Ballard Spahr LLP on 8/7/2012

David Vladeck, the Director of the Bureau of Consumer Protection at the Federal Trade Commission, spoke at a program entitled “Applying Long-Standing FTC Standards to New Technology” held this past Friday at the American Bar...more

FTC Submits Staff Comments on CFPB’s Proposed Prepaid Card Regulation

by BuckleySandler LLP on 8/7/2012

On July 30, the FTC released staff comments submitted in response to the CFPB’s Advance Notice of Proposed Rulemaking regarding the regulation of prepaid cards. The CFPB issued the Notice in May, noting its intention to...more

Credit Interchange Settlement: The Impact on Selected Future Transactions

by Davis Wright Tremaine LLP on 7/17/2012

Much has been and will be written about the Memorandum of Understanding, filed on July 13, 2012, that sets out the parties’ binding obligation to enter into a class settlement agreement in the long-pending interchange fee...more

SFO Press Release on Manipulation of LIBOR

by Orrick, Herrington & Sutcliffe LLP on 7/10/2012

On July 2, the Serious Fraud Office (SFO) published a press release regarding the manipulation of the setting of the London Interbank Offered Rate (LIBOR). In the press release, the SFO stated that it had been working...more

Explanation of the Alleged LIBOR Manipulation Scheme

by Howard Ullman on 7/6/2012

Good background on the alleged scheme to manipulate LIBOR. Via NPR’s Planet Money program, again. About halfway through, the program discusses allegations of interbank agreements to manipulate reported LIBOR rates. (It’s...more

OFAC’s Long Arm of the Law

by Michael Volkov on 6/28/2012

Who would have ever guessed that the largest corporate penalty paid in 2012 would be an OFAC enforcement action. The Justice Department has many major FCPA enforcement actions in the queue awaiting approval and public...more

Advertising News & Analysis - June 21, 2012

by Venable LLP on 6/25/2012

In this issue: - Venable Secures Top Chambers USA, Legal 500 Honors - CFPB Launches Consumer Complaint Database, Shuffles Senior Management - Federal Judge Gives Supplement Company Daniel Chapter One A...more

Mobile Carrier Billing – At Risk?

by Davis Wright Tremaine LLP on 6/21/2012

Carrier billing is certainly not new to the payments industry, but as digital technologies continue to evolve, companies have increasingly looked to mobile carrier billing to improve the reach and efficiency of digital...more

FTC Settles FCRA Charges Against Data Broker

by BuckleySandler LLP on 6/19/2012

On June 12, the FTC announced that a data broker agreed to settle charges that it marketed and sold consumer profiles to companies engaged in human resources, background screening, and recruiting without taking steps to...more

China 20/20: Legal & Regulatory Developments - May 2012

by Orrick, Herrington & Sutcliffe LLP on 6/6/2012

In This Issue: - MOFCOM Improves the Filing Administration of Foreign Invested Venture Capital Enterprises - Supplementary Provisions to the Measures Governing Foreign Invested Commercial Enterprises -...more

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Antitrust & Trade Regulation › Finance & Banking › Administrative Law