Webcasts & Speaking Engagements
The Financial Reform Act: What You Need to Know
In this audio seminar on the Financial Reform Act, attorney Jeremiah S. Buckley of Buckley Sandler LLP and Mark Olson, Co-Chairman of Corporate Risk Advisors, were interviewed on the major elements of the Reform Act and what those changes may mean for financial institutions, consumers, and the government.
The discussion covered:
- Proposals for a Consumer Financial Protection Agency and the persons, activities and laws to be supervised by this agency
- Types of financial businesses subject to federal regulation
- How financial services laws may be enforced under the Reform Act
- What “too big to fail” means and what special rules apply to institutions that pose “systemic risk” to the financial system
- How federal financial reform may affect state enforcement of financial services laws, including enforcement by state attorneys general
- New consumer financial disclosures requirements
- The future of federal preemption of state laws for national banks
- FDIC’s authority to liquidate institutions to preserve national financial stability
- The new “duty of care” applicable to residential mortgage loan originators
- Home mortgage loan terms that will be outlawed without specific consumer disclosures
- Treatment of residential property appraisers and appraisals under the Reform Act
- Provisions requiring lenders to retain some credit risk from their loans
- How the Reform Act deals with executive compensation, and what restrictions on executive compensation may develop
- New SEC regulation of rating agenciesHighlights from the public hearings of the Financial Crisis Inquiry Commission
This A.S. Pratt audio conference was 60 minutes long and included a 15-minute Q&A session with the experts. This presentation was also offered on July 15 at 2 p.m.