In This Issue:

- Introduction

- Recent Cases

..Amendments to Preemption Standards

..TILA Statute of Limitations

..Dodd-Frank Amendments to RESPA

..Whistleblower Protection

..Say-on-Pay Votes

- News & Developments

..CFPB Proposes Temporary Delay to Certain Loan Originator Compensation Rules

..Federal Reserve Report on Mid-Year Stress Tests

..Bernanke Addresses “Too Big to Fail”

..Federal Reserve Board: Qualified Mortgage Standards May Make Credit Access Difficult for Some


..First Criminal Complaint Filed Due to CFPB Referral

..Bills Introduced to Expand SEC Shareholder Registration Thresholds

..CFPB Issues Final Rule Amending Regulation E of Electronic Transfer Act

..CFPB Issues Final Rule Amending Regulation Z of Truth in Lending Act

..CFPB Issues Consumer Financial Civil Penalty Fund Rule

..Report Identifies Problems Older Americans Have With Financial Advising Industry

..Four Companies to Pay Penalties for Mortgage Insurer Kickbacks to Lenders

..CFPB Issues Final Rule Amending Regulation Z of the Truth in Lending Act

..CFPB Releases Nation’s Largest Collection of Federal Financial Complaints

- Excerpt from Amendments to Preemption Standards:

Deciding whether the revised preemption standards of the Dodd-Frank Act applied, the California Court of Appeal for the Second District, Division 4, concluded that the Dodd- Frank amendments to the National Bank Act (“NBA”) and the Home Owners Loan Act (“HOLA”) are prospective, and do not apply retroactively to prior agreements. Thus, applying the authoritative pre-Dodd-Frank preemption provisions of NBA and HOLA, the court held that the plaintiffs’ respective contract claims against two national banks were preempted by federal law.

Please see full Newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.