InfoBytes, September 17, 2010 - Weekly In-depth review of news & developments in the financial services industry


Topics In This Issue

• Federal Issues

• Courts

• Firm News

• Banking

• Consumer Finance

• Litigation

• Privacy/Data Security

• Credit Cards

Excerpt from "Federal Issues"

Elizabeth Warren Appointed Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. On September 17, President Obama named Elizabeth Warren to serve as Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. Neither appointment requires confirmation by the Senate. As Special Advisor, Warren will play a key role in establishing of the Bureau of Consumer Financial Protection (BCFP), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act this past July. For a copy of the White House press release announcing the appointment, please click here.

Banking Agencies Support Basel III Agreement. On September 12, U.S. banking regulators (represented by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Insurance Deposit Insurance Corporation) expressed their support for the Basel III Agreement of the G-10 Governors and Heads of Supervision. The Basel III Agreement seeks "to increase the quality, quantity, and international consistency of capital, to strengthen liquidity standards, to discourage excessive leverage and risk taking, and to reduce procyclicality in regulatory requirements." The Basel III Agreement also seeks to reduce the incidence and severity of future financial crises and to foster a more stable international banking system.

Please see full newsletter below for more information.

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

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.

© BuckleySandler LLP | Attorney Advertising

Written by:


BuckleySandler LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*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. Or, sign up using your email address.