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The Financial Services Authority introduces temporary PPI rule

Edwards Wildman Palmer LLP
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United Kingdom
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June 17 2010

The Financial Services Authority (the FSA) has recently announced a temporary rule which will allow customers with complaints about the purchase of a payment protection insurance (PPI) policy more time within which to refer it to the Financial Ombudsman Service (the FOS

UK client money deadline approaches

Edwards Wildman Palmer LLP
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United Kingdom
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June 11 2010

We have previously reported on the UK Financial Services Authority's (FSA) Client Money and Asset Report (the Report), published in January 2010

Financial Services Authority (FSA) publishes consultation paper on competence and ethics

Edwards Wildman Palmer LLP
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United Kingdom
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June 11 2010

The FSA has recently published a consultation paper entitled "Competence and ethics" (CP1012

Court denies Wells Fargo’s motion to dismiss on statute of limitations grounds

Edwards Wildman Palmer LLP
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USA
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June 10 2010

The United States District Court for the Northern District of California recently granted in part and denied in part motions to dismiss a class action brought by a class of purchasers of mortgage pass-through certificates

Court holds coverage for Madoff suits excluded under policy’s insolvency exclusion

Edwards Wildman Palmer LLP
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USA
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June 8 2010

The US District Court for the District of Connecticut recently dismissed a customer suit against an insurer, based upon its determination that all of the underlying claims were excluded by the policy's Insolvency Exclusion

Senate expected to wrap up debate on financial reform bill

Edwards Wildman Palmer LLP
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USA
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May 17 2010

After more than two weeks of floor consideration, the Senate entered into what is likely its final week of debate on its financial overhaul legislation S. 3217

Chinese consider revising plan for a super regulator

Edwards Wildman Palmer LLP
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China
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May 14 2010

China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve the lack of integration and co-ordination between existing regulators

Washington new credit card data breach liability law

Edwards Wildman Palmer LLP
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USA
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May 7 2010

Washington Governor Christine Gregoire recently signed HB 1149 into law

UK FSA consults on new powers under the Financial Services Act 2010

Edwards Wildman Palmer LLP
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United Kingdom
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May 5 2010

We reported recently on the passing of the Financial Services Act 2010 which granted the Financial Services Authority (FSA) new powers in a number of areas including reporting and control of short selling

Former executives from WaMu testify in Senate hearings

Edwards Wildman Palmer LLP
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USA
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April 22 2010

On April 13, 2010, the U.S. Senate Permanent Subcommittee on Investigations (the "Senate Subcommittee") heard testimony from former executives of Washington Mutual Bank ("WaMu") in its first day of hearings titled “Wall Street and the Financial Crisis: The Role of High Risk Home Loans.”

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