Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 12, 2013

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In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- PRIVACY/DATA SECURITY

- CRIMINAL ENFORCEMENT

- Excerpt from Criminal Enforcement:

New York Proposes Enhanced Anti Corruption Law. On April 9, New York Governor Andrew Cuomo announced legislation to broaden the scope of public corruption crimes and enhance enforcement. The law would add and increase penalties for individuals found to have misused public funds and permanently bar those convicted of public corruption offenses from (i) holding any elected or civil office, (ii) lobbying, (iii) contracting, (iv) receiving state funding, or (v) doing business with New York, directly or through an organization. The new crimes would include bribery of a public servant, corrupting the government, and failure to report public corruption. The law also would create new penalties for certain offenses, such as fraud, theft, or money laundering, if the offense involves state or local government property....

Please see full InfoBytes below for more information.

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Topics:  CFPB, Class Action, Class Certification, Corruption, Data Protection, Fannie Mae, FHFA, Foreclosure, Mortgages, Payday Loans, Penalties, Political Corruption, SEC

Published In: Criminal Law Updates, Finance & Banking Updates, Privacy Updates, Residential Real Estate 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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