The Federal Reserve System recently issued a paper titled Strategies for Improving the U.S. Payment System that provides a roadmap for end-to-end payment system advances over the short and long term.
On January 29, five federal regulatory agencies (Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration) issued new guidance regarding private student loans with graduated repayment plans that allow borrowers to make lower monthly payments early in the loan term with increases to coincide with projected income growth.
FINRA noted in its exam priorities that it will be focusing on firms’ compliance with the new supervision rules (FINRA Rules 3110, 3120, 3150 and 3170). These rules became effective on December 1, 2014.
Many contemporary management liability insurance policies draw distinctions between types of directors. For example, many private company D&O insurance policies provide additional excess defense expense coverage for the benefit of “non-executive directors.”
JPMorgan Requests Rehearing Following Loss of Secured Status of $1.5 Billion Loan Following “Clerical Error”
It’s an old saying that lessons are expensive and good lessons are really expensive.
The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) recently released its annual examination priorities.
Is your financial institution or company subject to the Consumer Financial Protection Bureau’s (CFPB) supervision?
We pretty regularly find ourselves blogging about small business owners that draw people into scams. We’ve seen the would-be movie executive, the sweet-talking investment solicitor, the landscaper and the produce company owner.