Banking & Financial Services E-Note - August 2012


In This Issue:

- Community Banks Lobby Congress to Extend TAG Program

- CFPB Proposes New Mortgage Protection Rules

- British Regulators Unveil Steps to Overhaul Libor Oversight

- Regulators Tell 5 Big Banks to Prepare for Preventing Collapse

- Background Screening Firm to Pay $2.6M for Violating FCRA

- Higher One Ordered to Pay $11M to Students Over Excessive Fees

- Survey Finds Community Banks Concerned Over Compliance Costs

- Companies Face Challenges in Offering Mobile Payments

- Survey Finds Banks Beginning to Ease Some Lending

- Excerpt from Community Banks Lobby Congress to Extend TAG Program:

Transaction Account Guarantee, an emergency deposit insurance program created during the financial crisis to help stabilize the banking system and protect depositors, is set to expire at the end of this year. Community banks don't want that to happen, and they're lobbying for Congress to extend the program, which it's already done once.

Please see full E-Note below for more information.

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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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