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USA - March 12 2013
The constitutionality of President Obama's recess appointment of Richard Cordray as Director of the Consumer Financial Protection Bureau ("CFPB") is…
USA - February 6 2013
The Federal Communications Commission (FCC) recently announced a significant overhaul of its experimental licensing rules designed to make it easier…
USA - January 28 2013
On Friday, January 25, 2013, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit struck down as unconstitutional…
USA - December 19 2012
The Federal Deposit Insurance Corporation (FDIC) recently published a report in the agency’s “Supervisory Highlights” journal concerning the growth of mobile payments and the responsibility of banks and non-bank third parties to comply with existing laws and regulations.
USA - December 14 2012
Following on the heels of the $15 million settlement against First Bank of Delaware for significant Bank Secrecy Act/Anti-Money Laundering violations, the Treasury Department and three federal regulators—the Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), and Office of Foreign Assets Control (OFAC)—have announced a collective settlement agreement with HSBC arising from the bank’s failure to maintain anti-money laundering policies and practices dating back to 2005.
