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A little pruning
- Morrison & Foerster LLP
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- USA
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- December 6 2011
The CFPB announced that it will ask the public to comment on which regulations it inherited from the other agencies should be updated, modified, or eliminated because they’re outdated, unduly burdensome or unnecessary
Standing out in the crowd
- Morrison & Foerster LLP
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- USA
- -
- December 6 2011
Pursuant to Section 113 of Dodd-Frank aimed at avoiding a repeat of the Lehman Brothers collapse in September 2008, the Federal Stability Oversight Council (“FSOC”) issued a proposed rule establishing a three-stage analysis for identifying non-bank systemically important financial institutions
Who is larger?
- Morrison & Foerster LLP
- -
- USA
- -
- September 2 2011
The Bureau of Consumer Financial Protection (“CFPB”) requested comment with respect to the CFPB’s authority to establish a supervisory program for non-banks covered by the Dodd-Frank Act
The gang’s all here
- Morrison & Foerster LLP
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- USA
- -
- March 11 2011
The CFPB and the Conference of State Bank Supervisors ("CSBS") signed a memorandum of understanding to establish a foundation of state and federal coordination and cooperation for supervision of providers of consumer financial products and services
Temporary unlimited deposit insurance coverage for non-interest-bearing transaction accounts
- Morrison & Foerster LLP
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- USA
- -
- December 9 2010
The FDIC approved a final rule implementing Section 343 of the Dodd- Frank Act providing temporary unlimited deposit insurance for non-interest-bearing transaction accounts, and requiring banks to notify their customers about any changes to the insurance coverage on their accounts
Dodd-Frank
- Morrison & Foerster LLP
- -
- USA
- -
- September 1 2010
On the operations side, the Dodd-Frank Act permanently raised the current standard maximum deposit insurance amount to $250,000, which had been previously raised temporarily from $100,000 to $250,000 until December 31, 2013
FDIC requires banks to pay three years in advance
- Morrison & Foerster LLP
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- USA
- -
- December 8 2009
The FDIC board unanimously approved a final rule that requires banks to prepay three years of estimated insurance assessments
