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Treasury announces compensation initiative for public companies; releases rules applicable to all TARP recipients

  • Sidley Austin LLP
  • -
  • USA
  • -
  • June 16 2009

On June 10, 2009, the U.S. Department of the Treasury (“Treasury”) announced its intent to propose legislation related to compensation at all publicly reporting issuers and issued regulations interpreting the executive compensation restrictions applicable to recipients under the Troubled Asset Relief Program (“TARP”

Federal Reserve releases proposed gift certificate, gift card and general-use prepaid card rule

  • Sidley Austin LLP
  • -
  • USA
  • -
  • November 20 2009

On November 16, 2009, the Board of Governors of the Federal Reserve System (the "Board") released a proposed rule regarding gift certificates, gift cards and general-use prepaid cards (the "Proposed Rule"

Federal Reserve releases final gift card rule

  • Sidley Austin LLP
  • -
  • USA
  • -
  • March 29 2010

On March 23, 2010, the Board of Governors of the Federal Reserve System ("Board") released a final rule ("Rule") regarding gift certificates, gift cards and general-use prepaid cards, which are referred to generally in this Update as "prepaid cards"