Infobytes - A Weekly In-depth review of news & developments in the financial services industry - August 2, 2013

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In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- MISCELLANY

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- PRIVACY/DATA SECURITY

- PAYMENTS

- Excerpt from Payments:

D.C. Federal District Court Vacates Federal Reserve Board's Interchange Fee Rule. On July 31, the U.S. District Court for the District of Columbia held that the Federal Reserve Board's 2011 final rule implementing the so-called Durbin Amendment is invalid under the Administrative Procedures Act (APA). NACS v. Bd. of Govs. Of the Fed. Res. Syst., No. 11-2075, slip op. (D.D.C. Jul. 31, 2013)....

Please see full InfoBytes below for more information.

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FHA

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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