In This Issue:
- Regulators Could Step in with Tougher Rules as Bank Profits Rise
- Bill Would Force Study of Basel III Impact on Bank Capital Costs
- Regulator Wants Enforcement Powers Against Bank Consultants
- Fed, FDIC Give Banks 3-Month Extension to Provide "Living Wills"
- State Regulators Ask CFPB For Flexible Definition of Rural Markets
- Official Urges SEC for More Guidance on Cyber Attack Disclosure
- Almost Half of Complaints to CFPB Related to Mortgages
- Subprime Auto Loans Surging, Data Shows
- Obama Seeks to Boost Lending to Smaller Businesses
- Analysts Say Big Banks Could Break Up to Boost Profitability
- Excerpt from Regulators Could Step in with Tougher Rules as Bank Profits Rise:
Banks have been reporting steady growth in earnings since soon after the financial crisis, but as welcome as such profits are to the banks, they may also become a source of discomfort. The ballooning bottom lines could embolden the lawmakers and regulators who want to introduce additional measures to overhaul the banking system.
Please see full E-Note below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Barack Obama, CFPB, Compliance, Cyber Attacks, Cybersecurity, Enforcement, Extensions, FDIC, Federal Reserve, Living Will, Loans, Mortgages, Profits, SEC, Small Business
Published In: General Business Updates, Consumer Protection Updates, Finance & Banking 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.
© Burr & Forman | Attorney Advertising