In This Issue:

- 70 Countries Agree to Share Bank Information in Tax Evasion Probe

- Financial Industry Pushes Back Against Proposed ERISA Requirements

- Federal Reserve Proposes Tougher Stress Tests for Banks

- Regulators Sued by Payday Lenders Over Operation Choke Point

- Excerpt from 70 Countries Agree to Share Bank Information in Tax Evasion Probe:

Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include the world's financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.

Please see full E-Note below for more information.

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Topics:  Banking Sector, Banks, Choke Point, ERISA, Federal Reserve, Information Sharing, Payday Loans, Stress Tests, Tax Evasion

Published In: Finance & Banking Updates, International Trade Updates, Labor & Employment Updates, Securities Updates, Tax 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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