Securities class action lawsuit filings in the first half of 2016 leapt to their highest level in years, according to a recent report from Cornerstone Research.
The Internal Revenue Service (IRS) recently issued two private letter rulings (PLRs) that may be interesting for tax-exempt organizations that engage in political activity.
The Upper Tribunal (Tax and Chancery Chamber) hears references from decisions and supervisory notices issued by the Financial Conduct Authority (“FCA”) and other specified regulators.
The CFPB and Federal Reserve Board have proposed amendments to their official Regulations Z and M staff commentaries to memorialize the calculation method used by the agencies each year to adjust the thresholds for exempt consumer credit transactions and consumer leases.
D&O Insurance: Prior and Pending Litigation Provisions Do Not Undercut Interrelated Claims Provision
In a June 6, 2016 opinion (here), Middle District of Florida Judge Sheri Polster Chappell, applying Florida law, held that subsequent claims filed in 2011 and 2012 were interrelated with claims first made in 2008, and therefore deemed made at the time of the initial claim.
As many of you know, I spent six years as a bank regulator in the Securities Disclosure Division of the OCC.
The Department of Education has released a memorandum to provide policy direction for the new federal student loan “state-of-the-art loan servicing ecosystem” that the ED is currently procuring.
To commemorate its fifth anniversary, the CFPB released a series of “fact sheets” touting its initiatives.
The Securities and Exchange Commission took a step toward streamlining the approval process for actively managed ETFs last week by approving rule proposals from two securities exchanges.
FCA Publishes Findings of Thematic Review into the Use of Appointed Reps in General Insurance Business
The Financial Conduct Authority (FCA) has published the results of a thematic review undertaken as part of the regulator’s 2015/2016 Business Plan – TR16/6: Principals and their appointed representatives in the general insurance sector.