Finance & Banking Law | JD Supra Legal News, Updates, Analysis, & Information

Liberalizations Decree: Main Relevant Changes and Powers of the Italian Competition Authority

by McDermott Will & Emery on 5/23/2012

The main developments in antitrust are: 1. Merger Control (Art. 5-bis); From 1 January 2013: The Italian merger control thresholds will be cumulative and no longer alternative (i.e. the combined...more

Burma/Myanmar: The Suspension of EU Sanctions “A New Chapter in Trade and Investment”

by Dechert LLP on 5/18/2012

The European Council on the 14 May adopted Regulation (EU) No 409/2012 that will give full legal effect to the suspension of EU sanctions against Burma/Myanmar. EU High Representative for Foreign Affairs and Security Policy...more

Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video]

by Bloomberg Law on 5/17/2012

May 17 (Bloomberg Law) -- Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director...more

FTC Holder Rule opinion may guide CFPB

by Ballard Spahr LLP on 5/17/2012

On May 3, the Federal Trade Commission issued an advisory opinion interpretating its Holder Rule (officially titled the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses). The Holder Rule...more

Advertising News & Analysis - May 10, 2012

by Venable LLP on 5/11/2012

In this issue: - When Ads Feature “Real” People, It Pays To Keep FTC Guidelines In Mind - NAD Says Disclosure May Not Always Remedy Apples to Oranges Comparison - FTC Holds Workshop On Mobile Payments -...more

More Consumers Suing Over Debt Collection Harassment

by Lawyers.com on 5/4/2012

Debtors and their attorneys in California have contributed over the last seven years to a fivefold increase in lawsuits alleging illegal debt collection practices, according to an analysis recently published by the Sacramento...more

Morgan Stanley Goes One for One with a Best Practices Compliance Program

by Thomas Fox on 5/2/2012

I believe that the Peterson enforcement action is one of the most significant in 2012 to date. It provides solid guidance to the compliance practitioner on what the DOJ and SEC think is important and gives you actions that...more

Federal Trade Commission Hosts Public Workshop on Mobile Payments

by Davis Wright Tremaine LLP on 4/30/2012

On April 26, 2012, the Federal Trade Commission (“FTC”) held a public workshop entitled “Paper, Plastic . . . or Mobile? An FTC Workshop on Mobile Payments” to examine the use of mobile payments in the marketplace and their...more

Burma/Myanmar Sanctions Lifted - New Opportunities for Canadian Business

by John Boscariol on 4/25/2012

Most of Canada's economic sanctions against Burma (Myanmar) have been repealed effective today. Enacted in 2007 and touted as being among the most aggressive in the world, Canada's sanctions and export controls prohibited...more

FINRA: Collective Actions Can’t Be Arbitrated

by Siegel, O'Connor, O'Donnell & Beck, P.C. on 4/24/2012

For many years, employees and customers in the securities industry signed agreements that their disputes must be arbitrated before the self-regulatory organization for broker-dealers, Financial Industry Regulatory Authority...more

The Impact of the New York Times Report on Wal-Mart’s Bribery Scandal

by Michael Volkov on 4/22/2012

The New York Times report on Wal-Mart’s handling of bribery allegation has shaken the anti-corruption community. The New York Times’ description of what occurred inside of Wal-Mart, if true, is devastating. Here is a link...more

Key Considerations in Drafting Mobile Disclosures

by BuckleySandler LLP on 4/20/2012

Recent developments at the FTC and CFPB provide some guidance on how regulators may approach disclosures on smartphones and other mobile devices. The recent CFPB Remittance Rule on international remittance transfers...more

The Consumer Financial Protection Bureau: An Update on Selected Initiatives

by Davis Wright Tremaine LLP on 4/17/2012

In This Presentation: - Selected CFPB Initiatives ..“Larger Participant” Proposed Rule ..CFPB/FTC Memorandum of Understanding ..Confidentiality and Privilege ..Supervision and Examination Manual - More...more

Federal Trade Commission to host mobile payment workshop

by Mintz Levin on 4/17/2012

Back in January, the FTC announced that it would hold a workshop to examine the use of mobile payments in the marketplace and the effects on consumers. As promised, the workshop has been scheduled for April 26th, with a link...more

SEC and CFTC Propose Identity Theft Red Flag Rules

by K&L Gates LLP on 4/13/2012

On March 6, 2012, the SEC and CFTC jointly proposed rules (the “Proposal”) that would require registered broker-dealers, investment companies, investment advisers, commodity trading advisors, commodity pool operators and...more

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Finance & Banking – May 23, 2012

Narrowed by: Antitrust & Trade Regulation