In This Issue:

- RECENT CASES

..Preemption

..CFPB Involvement in Litigation

..CFTC Regulation of Retail Commodity Transactions

..Durbin Amendment

..Appraiser Disclosure Requirements Under Dodd-Frank

..Whistleblower Protection

..Arbitration of Whistleblower Claims

- IN THE NEWS

..Financial Services Committee Chairman Calls for Open CFPB Advisory Meetings

..CFPB Develops New Prepaid Card Disclosures

..CFTC Requests Comment on Swap Data Reporting Requirements

..Stress Test Results Indicate Success of Large Banking Institutions

..CFPB Releases Third Annual FDCPA Report

..OCC Releases Report on Volcker Rule

..Proposed Rules for State Appraisal Regulations Issued Under the Dodd-Frank Act

..CFPB Releases Report on Payday Loans

..CFTC Commissioner Discusses Dodd-Frank Impact on Commodity Futures and Swaps

..OIG Releases CFPB Evaluation Report

..OCC Releases Summary of TruPS Interim Final Rule

..OCC Adds Asset-Based Lending Booklet

..OCC Releases Quarterly Report on Bank Trading and Derivatives Activity

..CFPB Issues Small Entity Compliance Guide for TILA-RESPA Integrated Disclosure Rule

..Volcker Rule Took Effect on April 1, 2014

..OCC Publishes New Booklet on Garnishment of Accounts Containing Federal Benefits Payments

..Dodd-Frank Compliance Impacts Small Banks

..CFPB Expands Non-Bank Supervision

..Federal Reserve Board Delays CLO Prohibition

..OIG Releases Work Plan for CFPB

..New FDIC Rule Restricts Sales of Assets

..CFPB Proposes Extension to Remittance Disclosure Deadline

..CFPB Releases Guide for TILA-RESPA Integrated Disclosure Forms

..CFPB Introduces eClosing Initiative

..CFPB Releases Fair Lending Report

..New Templates for CFPB Examination Reports and Supervisory Letters

..CFPB Implements Regulation Z on eRegulations Platform

..CFPB Proposes Amendments to Mortgage Rules

- Excerpt from Preemption:

Ascher v. Grand Bank for Savings, FSB, No. 13 C 7712, 2014 WL 1018628 (N.D. Ill. Mar. 14, 2014).

Plaintiffs filed suit against Grand Bank for Savings, FSB (“Grand Bank”) alleging violations of the Home Ownership Equity Protection Act (“HOEPA”) and state law. Grand Bank removed the case to federal court, and plaintiffs sought to amend their complaint to dismiss the HOEPA claim and remand the case back to state court.

Please see full Newsletter below for more information.

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Topics:  Arbitration, Arbitration Agreements, Banks, CFPB, CFTC, Collateralized Debt Obligations, Collateralized Loan Obligations, Commodities, Commodity Pool, Derivatives, Disclosure Requirements, Dodd-Frank, Durbin Amendment Rules, Fair Lending, FDCPA, Federal Reserve, Financial Products, Financial Regulatory Reform, Futures, Mortgages, Nonbank Firms, OCC, Payday Loans, Prepaid Payment Products, Qualified Mortgage Rule, Regulation Z, RESPA, Small Entity Compliance Guide, Swap Data Repositories, Swap Dealers, Swaps, TILA, Trust Preferred Securities, Volcker Rule, Whistleblower Protection Policies, Whistleblowers

Published In: Civil Procedure Updates, Consumer Protection Updates, Finance & Banking Updates, Labor & Employment Updates, Securities 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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