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Results: 1-10 of 10

District of Columbia appoints new Commissioner

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 2 2009

On August 28, 2009, the District of Columbia Department of Insurance, Securities and Banking (“DISB”) issued a press release announcing that Thomas E. Hampton has stepped down as Commissioner of the DISB

Financial regulatory reform outlook

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 1 2009

Though currently shadowed by healthcare reform efforts that have dominated the congressional schedule this fall, the push to enact a financial regulatory overhaul has been making steady progress in Congress

P&C insurers to submit copies of consumer notices in connection with credit scoring to New Jersey Department of Banking and Insurance

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 5 2009

On April 26, 2004, the New Jersey Department of Banking and Insurance (“NJDBI”) issued Bulletin No. 04-05 advising property & casualty insurers that they may use credit scoring in determining an insured’s rate provided that consumer protection measures are established, including, but not limited to providing rate, underwriting and classification exceptions for consumers whose credit information has been directly influenced by extraordinary life events, such as a serious illness, temporary loss of employment, divorce or identity theft, to name a few

PCI compliance survey finds companies need improvement

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • October 2 2009

The Ponemon Institute recently published a survey on Payment Card Industry Data Security Standards ("PCI DSS") compliance

Anticipated legislative action on financial regulatory reform

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 15 2009

As President Obama renewed his push for financial services regulatory reform during yesterday’s speech on Wall Street, new reports offered a glimpse of Congress’ potential timeline for action

Court approves American Home Mortgage's settlement of a subprime securities class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation

New bipartisan legislation spells out TARP exit strategy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 21 2009

Last week, a bipartisan group of Representatives introduced legislation (H.R. 3594) that would set forth a specific exit strategy for the Troubled Asset Relief Program (TARP

Treasury Department sends systemic risk regulation proposal to Congress, and other financial regulatory overhaul news

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 24 2009

On Wednesday, July 22, 2009, the Treasury Department sent draft legislation to Capitol Hill that would bring all financial firms under federal supervision and regulation, and would establish a new regulatory council the Financial Services Oversight Council to identify and manage emerging risks

State regulators vie for seat on the newly proposed Financial Services Oversight Council

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 3 2009

As previously discussed, the United State Treasury Department has recently submitted a proposal to form a Financial Services Oversight Council (the "Council") composed of various federal regulators to coordinate financial services regulation and oversight, but would not include a representative to the Council that has a specific insurance or reinsurance regulatory portfolio

Democrats agree to scale back emerging financial regulatory reform bill

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 24 2009

In an attempt to win broader support for emerging legislation to reform the financial industry, House Financial Services Committee Chairman Barney Frank (D-MA) moved to change one of the proposal’s more controversial provisions the creation of a Consumer Financial Protection Agency (CFPA