Banking & Financial Services E-Note - October 30, 2013

In This Issue:

- Fed Proposes Rule Requiring Banks to Stay Liquid During Crisis

- Simulation Tests Banks' Survival Against Cyber Attacks

- Largest Banks Close to Meeting Mortgage Settlement Obligations

- Number of FDCPA, FCRA Lawsuits Appears to be Declining

- CFPB Finds Private Student Loan Borrowers Struggling with Lenders

- CFPB Pushes Banks to Pressure Car Dealers Over Financing

- Banks Try to Improve Communication After CFPB Collects Complaints

- Credit Unions, Banks Take on Tax Code Reform

- Excerpt from Fed Proposes Rule Requiring Banks to Stay Liquid During Crisis:

During the financial crisis of 2008, the big banks fell dangerously short of cash, forcing them to take out enormous government loans to survive the tumult.

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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