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Results: 1-10 of 45

House Financial Services Subcommittee holds hearing on impact of credit scores and reports on consumers

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 25 2010

Yesterday, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "Keeping Score on Credit Scores: An Overview of Credit Scores, Credit Reports and their Impact on Consumers"

Latest developments in the foreclosure documentation crisis

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 19 2010

Various developments have occurred this week relating to the heightened concern over defective foreclosure processes and the moratoriums on foreclosure proceedings instituted by certain financial services companies, including Bank of America and GMAC, a subsidiary of Ally Financial

Senate Banking Committee holds hearing on government actions related to AIG

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 6 2009

Yesterday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, chaired by Senator Christopher Dodd (D-CT), held a hearing entitled “American International Group (AIG): Examining What Went Wrong, Government Intervention, and Implications for Future Regulation.”

Sumitomo Mitsui Financial Group announces possible capital raise after forecasting $3.9 billion loss

  • Alston & Bird LLP
  • -
  • Japan
  • -
  • April 9 2009

Today, Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three megabanks, issued an updated forecast for the fiscal year ended March 31, 2009

Senate Appropriations Subcommittee holds hearing on role of FHA in addressing housing crisis

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 6 2009

Late last week, the Senate Appropriations Committee’s Subcommittee on Transportation, Housing and Urban Development, and Related Agencies held a hearing today to address the role of the Federal Housing Administration (FHA) in addressing the housing crisis

Treasury Secretary Geithner testifies before Congressional Oversight Panel

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 21 2009

Today, Treasury Secretary Timothy Geithner testified before the Congressional Oversight Panel (COP), which oversees Treasury’s actions in implementing the Troubled Asset Relief Program (TARP

Lawmakers intensify demands for special inquiry commission to identify causes of financial crisis

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 23 2009

Yesterday, the U.S. Senate voted to create an independent bi-partisan Financial Markets Commission (FMC) to investigate the causes of the financial crisis

House Financial Services Committee reports out Credit Cardholders Bill of Rights

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 23 2009

On Wednesday, the House Financial Services Committee announced that that it had approved H.R. 627, the “Credit Cardholders’ Bill of Rights” by a vote of 48 to 19

ASEAN3 announces $120 billion emergency liquidity fund for Asian economies

  • Alston & Bird LLP
  • -
  • Asia-Pacific
  • -
  • May 5 2009

At the Asian Development Bank’s (ADB) annual meeting, held today and yesterday, finance ministers from the Association of the Southeast Asian Nations (ASEAN) and Japan, South Korea, and China (collectively, with ASEAN, known as ASEAN3) have announced their agreement on an emergency $120 billion liquidity fund that the 13 Asian nations can draw upon to combat damaging effects of the global financial crisis

Chrysler bankruptcy judge approves GMAC as preferred lender for dealers

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 13 2009

Yesterday, U.S. Bankruptcy Judge Arthur Gonzalez approved a motion by Chrysler LLC requesting that GMAC LLC become the preferred lender for its dealer network, and be permitted to provide wholesale, retail and other product-related financing for Chrysler dealers and customers to purchase vehicles