Banking And Financial Services E-Note - November 2012

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In This Issue:

- Banks Concerned as TAG Program Set to Expire

- European Banks Set to Take Bigger Hit than U.S. Over Libor

Probe

- N.Y. AG Sues Credit Suisse for Misleading Investors on

Mortgages

- Mortgage Servicers Provided $26.1B for Borrowers Under

Settlement

- Community Banks, Regulators Battle Over Capital Rules

- Fed Governor Urges Separate Mortgage Rules for Community Banks

- Community Banks Indicate Regulations Causing Increased M&A

- Report Claims Problems with Credit-Rating Agency Review

- Council Votes to Allow SEC to Police Money Funds

- CFPB to Begin Providing More Supervision of Debt Collectors

- Excerpt from Banks Concerned as TAG Program Set to Expire:

The financial industry is hoping to avoid its own "fiscal cliff" at the end of the year when a guarantee program for bank accounts is set to expire. The Transaction Account Guarantee (TAG) program, which was created during the financial crisis, provides government guarantees to non-interest bearing bank accounts used by small businesses and municipalities.

Please see full E-Note below for more information.

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Topics:  CFPB, Debt Collectors, Libor, Mortgages, RMBS, SEC

Published In: Administrative Agency Updates, Finance & Banking Updates, International Trade Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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