Corporate and Financial Weekly Digest – January 20, 2012

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In this issue;

- Rule Change to Extend the Temporary Limitation of the Application of FINRA Rules to Security Based Swaps

- District Court Finds That Complaint Adequately Alleged Existence and Breach of an Oral Partnership Agreement

- Sixth Circuit Confirms That Burden-Shifting Test Applies to FMLA Interference Claim

- FDIC Board Approves Final Rule Requiring Resolution Plans for Insured Depository Institutions Over $50 Billion

- FDIC Board Proposes Capital-Adequacy Stress Testing for Banks It Supervises With More Than $10 Billion in Assets

- American Bankers Association Asks Congress to Re-Propose Volcker Rule

- HHS Issues Final Regulations Addressing Electronic Funds Transfers by Health Plans

An excerpt from "HHS Issues Final Regulations Addressing Electronic Funds Transfers by Health Plans"

On January 10, the Department of Health and Human Services (HHS) issued interim final regulations regarding the standards applicable to electronic funds transfers (EFTs) made by health plans to health care providers. The regulations were prompted by Section 1104(b)(2)(A) of the Patient Protection and Affordance Care Act, which amended the earlier Health Insurance Portability and Accountability Act (HIPAA) by adding EFTs to the list of transactions for which HHS must adopt a standard under HIPAA. The goal of the new regulation is to make EFTs a more efficient method for the receipt of health claim payments. Comments regarding the regulations are due before March 12. Compliance will be required effective January 1, 2014.

Please see full newsletter below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates, Health Updates, Insurance Updates, Labor & Employment 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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