Banking agencies issue final guidance on executive compensation *

USA - June 25 2010
On June 21, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation (collectively, the Banking Agencies) issued final guidance regarding incentive compensation arrangements at financial organizations that are intended to be consistent with safe and sound practices (Guidance).

Co-authors: Christina Grigorian, Jeff Werthan.

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Banking agencies propose to expand scope of Community Reinvestment Act regulations *

USA - June 18 2010
On June 17, the four federal bank and thrift regulatory agencies announced a proposed change to the Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels.

Co-authors: Christina Grigorian, Jeffrey M. Werthan.

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Bargain purchase gains subject to regulatory cutback *

USA - June 11 2010
Recent market conditions have contributed to an increase in bargain purchases, such as the acquisition of failed bank assets and liabilities.

Co-authors: Christina Grigorian, Jeffrey M. Werthan.

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FDIC issues guidance on deposit placement and collection activities *

USA - June 11 2010
On June 7, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 29-2010, Guidance on Deposit Placement and Collection Activities by FDIC-Insured Institutions and Their Affiliates (Guidance).

Co-authors: Christina Grigorian, Jeffrey M. Werthan.

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Unlawful Internet Gambling Enforcement Act of 2006 examination procedures *

USA - June 4 2010
On May 20, the Office of the Comptroller of the Currency issued interagency guidance for reviewing compliance with the joint rule promulgated by the U.S. Treasury Department and the Federal Reserve Board pursuant to the Unlawful Internet Gambling Enforcement Act of 2006

Co-authors: Christina Grigorian, Jeffrey M. Werthan.

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