Feds Issue “Stress Test” Guidance for Large Financial Institutions
In mid-May, the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) published final guidelines on mandatory stress tests at...
View ArticleCFPB Action Against Capital One Bank Sets Tone for Aggressive Enforcement
Earlier this month, the Consumer Financial Protection Bureau (CFPB) – the federal watchdog agency mandated by the Dodd-Frank Act to regulate consumer financial products and services – issued its first...
View ArticleGovernment Issues Guidance on Cloud Computing Risks for Financial Institutions
Earlier this month, the Federal Financial Institutions Examination Council (FFIEC) – an interagency body of the U.S. government charged with standardizing federal examination of financial institutions...
View ArticleFinancial Regulatory Agencies Issue Rule on Appraising “High-Risk” Mortgages
In mid-January, federal regulators published a final rule implementing new appraisal requirements for higher-priced mortgage loans. The new regulation, – authored by the Federal Reserve, the Consumer...
View ArticleJD Supra Corporate Brief: Double Non-Taxation, Telemarketing Fraud,...
On July 22, 1937, the US Senate votes down President Franklin Roosevelt’s plan to add more justices to the Supreme Court. The OECD has launched an ambitious plan to overhaul the international taxation...
View ArticleJD Supra Corporate Brief: Big Data, EU Sanctions, Asset Managers, Supreme Court
The government is still closed? Now that’s not a very good way to celebrate Friday, is it? How big data and data analytics are revolutionizing the delivery of health care… (Mintz Levin) Is the EU going...
View ArticleJD Supra Corporate Brief: DOL Investigations, Risk Management, EU-China...
Happy Birthday, Mickey Mouse! Say what you want about the FCPA, but don’t call it anti-business… (Randy Stephens at NAVEX Global) “Uh, yeah, there’s a man here who says he’s from the Department of...
View ArticleFeds Approve Volcker Rule, Bringing in New Era of Financial Regulation
“Federal regulators voted on Tuesday to approve a rule that strikes at the heart of Wall Street risk-taking, a moment that punctuates three years of internal squabbling and bank lobbying over an effort...
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