Banking & Financial Services E-Note - February 28, 2013


In this Issue:

- FASB Proposes Granting Banks Flexibility to Value Financial Assets

- Committee Urges Easing of Basel Rules on Small Banks, Insurers

- Banks' College Campus Marketing Efforts Probed by CFPB

- CFPB Announces Plans to Guide Mortgage Industry Compliance

- CFPB Warns Mortgage Servicers to Protect Clients During Transfers

- Big Banks Analyze Customer Behavior Using Big Data

- Excerpt from FASB Proposes Granting Banks Flexibility to Value Financial Assets:

The board that sets American accounting rules moved to substantially reduce the useof market values in financial statements. The move, if adopted, would give banks morefreedom to value financial assets as they deem appropriate.

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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