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12 Nov 2011, 12:15 pm by James Hamilton
Thus, the view of the banking industry is that banks, already subject to extensive regulation, are wholly outside the ambit of Section 975.There have been congressional concerns over the scope of Section 975, while he supports efforts to police this segment of the municipal market, Financial Services Committee Chair Spencer Bachus (R-AL) has said that Section 975 and the SEC proposed regulations implementing the statute, are overly broad and would require appointed,… [read post]
17 Jun 2011, 10:22 am by James Hamilton
In testimony before the Committee, Chairman Schapiro acknowledged that the Volcker Rule may have international consequences; and said that the SEC has been in extensive discussions with other regulators about how to address the various issues raised by the Volcker Rule.Under Section 619 of Dodd-Frank, known as the Volcker Rule, banks and bank holding companies and their affiliates as well as the U.S. operations of foreign banks and foreign bank holding companies… [read post]
29 Oct 2009, 9:18 am
Glenn Nye (D-Va) had introduced a Congressional resolution in Congress to request that banks and lenders to offer homeowners a temporary reprieve from home payments to avoid such financial catastrophe. [read post]
4 Jun 2019, 9:59 pm by Patent Docs
But there are exceptions, including congressional abrogation of immunity. [read post]
24 Oct 2010, 9:49 pm by Bill Marler
I’ll let you draw your own conclusions, but I think I, and my bank account, like this guy. [read post]
23 Oct 2010, 8:33 pm
I’ll let you draw your own conclusions, but I think I, and my bank account, like this guy. [read post]
12 May 2020, 3:56 pm by Jen Patja Howell
Do the Trump tax returns and associated financial documents at firms like Mazars and Deutsche Bank need to be turned over in response to congressional subpoenas and a subpoena by a New York state grand jury? [read post]
30 May 2016, 6:31 am by Howard Wasserman
Selina must choose two failing banks to bail out and picks one of them because it is based in Illinois, a state she needs. [read post]
8 Nov 2010, 9:38 am by Judicial Watch Blog
  As a congressional ethics panel prepares to try Maxine Waters for steering federal funds to her husband’s failing bank, a newspaper reports that the veteran California lawmaker is embroiled in a separate corruption scandal involving her beloved hubby. [read post]
16 May 2014, 11:09 am by James Hamilton
With Congressional concern growing around how FSOC  designates SIFIs, and an FSOC conference on asset management firms set for May 19, Chair Yellen agreed with Senator Ayotte that asset managers have different characteristics than banks. [read post]
11 Oct 2011, 4:31 am by Todd Zywicki
(Todd Zywicki) I missed this quote from Barney Frank last week in response to BoA’s customers being Durbinized with new bank fees:The Massachusetts Democrat, who co-sponsored the Dodd-Frank financial reform bill, said he still supports opposing a decision by congressional lawmakers to include the fee crackdown in the legislation. [read post]
15 Dec 2009, 2:54 am
Last week, the Congressional Oversight Panel released its 181 page report on the TARP program, "Taking Stock: What Has the Troubled Asset Relief Program Achieved? [read post]
29 Mar 2021, 11:27 am by Jeremy T. Rosenblum
  (If the period has not expired in the Congressional session during which the rule was adopted, it resets at the beginning of the next Congressional session.) [read post]
22 Apr 2021, 8:58 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: At Congressional Hearing, Panelists Question Why Crypto and Fintech Firms Need Bank LicensesThe Block – April 15, 2021 Congress collected feedback from legal minds on how fintech firms may use or abuse banking licenses. [read post]
5 May 2021, 3:03 am by Lynn Jokela
Although the resolution has been introduced, a Congressional webpage for the resolution shows the Senate Committee on Banking, Housing & Urban Affairs hasn’t taken any action on the bill since it was introduced. [read post]
11 Nov 2011, 7:21 am
In 2002, he testified before Congressional committees about the conflicts of interest on Wall Street, and took his message to the media, but nothing changed. [read post]
12 Apr 2010, 7:13 am
Our Irvine commercial real estate loan modification attorneys wrote last month about dire predictions by Congressional watchdog Elizabeth Warren. [read post]
13 May 2010, 7:10 pm by Banking LawProf
Treasury Secretary Timothy Geithner raised this question in jest recently -- but we've good three good answers in all seriousness: SEC Chairman Mary Sharpiro, FDIC Chairman Sheila Bair, and Chairman of the Congressional Oversight Panel for the Troubled Assets Relief... [read post]
10 Jul 2018, 1:38 pm by Robert Loeb
In early 2018, Alpine moved for summary judgment, arguing that the SEC lacks authority to bring enforcement actions seeking civil penalties for alleged violations of the Bank Secrecy Act. [read post]