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Mortgage Industry Continues to Bear Brunt of CFPB Regulatory Burdens
In recent years, mortgage industry players have had to quickly adapt to the evolving regulatory environment. The latest scramble for mortgage lenders includes the downstream effects of pending rule changes related to disclosures required in implementing regulations of the Truth-in-Lending Act ("...
ArticlesHigh Court Win is No Cure-All for Subordinate-Lien Market
Lenders in both consumer and commercial real estate markets have reason to celebrate the U.S. Supreme Court’s unanimous ruling in Bank of America NA v. Caulkett, (U.S. June 1, 2015), reversing a contrary ruling of the Eleventh Circuit. The court backed a second-lien lender’s right to maintain its...
ArticlesWhy The Bailout Prevention Act May Be Unwise
On May 13, 2015, Sens. Elizabeth Warren, D-Mass., and David Vitter, R-La., introduced a bill in the United States Senate aimed at limiting the authority of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to provide emergency lending to financial institutions seeking...
ArticlesHow to Stay Out of the FCC's Way
Three key lessons can be drawn from the FCC’s recent privacy and data security actions: Know how your customer data is kept private; monitor how your employees and third-party partners can access it, and check what you disclose to consumers about both. Click here to read the full article at www...
ArticlesCongress Could Be Coming for Dietary Supplements
The next chapter in the saga of New York State Attorney General Eric T. Schneiderman's investigation of the dietary supplements industry may take place on Capitol Hill. On April 2, Schneiderman and the state attorneys general of Connecticut, the District of Columbia, Hawaii, Idaho, Indiana, Iowa,...
Articles"Global corruption enforcement becomes focus of U.S. foreign policy" by Daniel R. Alonso (CFO Magazine)
The recent surge in enforcement of the U.S. Foreign Corrupt Practices Act (FCPA) has now reared its head on Wall Street with an aggressive anti-bribery investigation into several large banks. While this specific inquiry focuses on allegations that banks are giving jobs to relatives of well-...
ArticlesLost in Translation: Financial Services for Consumers with Limited English Proficiency
Susanna Khalil and Jessica Pollet authored "Lost in Translation: Financial Services for Consumers with Limited English Proficiency," which was published May 18, 2015 in the WestLaw Journal Bank & Lender Liability. They discuss the emerging area of access to credit for people with limited...
ArticlesTreading Beyond the Iota of Fear: eDiscovery of the Internet of Things
The first difficulty to preservation concerns the primary question of control of the cloud data, which is not unique to IoT. Businesses are investing billions into IoT not only because of their profit expectations from the one-time sale of an IoT device, but also from having unfettered access to...
ArticlesLetting the CAT Out of the Bag
Tim Coley authored, "Letting the CAT Out of the Bag," which was published in WatersTechnology on Friday, April 10, 2015. In her February keynote address at the annual Securities and Exchange Commission (SEC) Speaks conference in Washington, DC, SEC Chair Mary Jo White called the soon-to-be-...
ArticlesRecent Enforcement Trends: State Attorneys General Target the Dietary Supplements Industry
Leslie Meredith authored, "Recent Enforcement Trends: State Attorneys General Target the Dietary Supplements Industry," which was published in NutraIngredients USA on April 9, 2015. Editor’s note: The recent actions of New York Attorney General Eric Schneiderman have changed the enforcement...
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