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Division of banks releases revisions to regulatory bulletins

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

The Division of Banks has completed revisions to a number of regulatory bulletins applicable to state-chartered banks, including those related to

Federal Reserve approves final retail foreign exchange rule

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

The Federal Reserve on April 4 issued a final rule that sets standards for bank and savings and loan holding companies and Federal Reserve member

CFPB proposes amendments to clarify or correct recent mortgage rules

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

The Consumer Financial Protection Bureau ("CFPB") announced on April 19 proposals to amend some of its recently issued mortgage rules. The proposed

Fed proposes annual assessment rule for large holding companies

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

The Federal Reserve has issued a proposal to establish annual assessments of top-tier bank holding companies and savings and loan holding companies

FDIC and OCC propose guidance on payday loans

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

The FDIC and OCC have issued proposed guidance to depository institutions that offer or may consider offering deposit advance credit products

Federal Court rules that bank is not liable in wire transfer fraud case

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • April 30 2013

In a case decided last month, a federal district court ruled that the Uniform Commercial Code ("UCC") allows a bank to shift the risk of loss arising

Federal banking agencies issue updated guidance on leveraged lending

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • March 29 2013

The federal banking agencies have issued updated supervisory guidance on leveraged lending, titled Interagency Guidance on Leveraged Lending, which

CFPB removes ATM fee sticker requirement from regulation E

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • March 29 2013

The Consumer Financial Protection Bureau ("CFPB") has issued a final rule amending Regulation E (Electronic Fund Transfers), which implements the

Massachusetts High Court clarifies rights of secured creditors

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • March 29 2013

The Massachusetts Supreme Judicial Court has held that Article 9 of the Uniform Commercial Code ("UCC"), and not common law, determines the measure

Federal banking agencies propose revisions to CRA guidance

  • Nutter McClennen & Fish LLP
  • -
  • USA
  • -
  • March 29 2013

The federal banking agencies on March 18 released a proposal to revise the Interagency Questions and Answers Regarding Community Reinvestment. Among