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Results: 1-10 of 56

FHFA proposes rules on GSE conservatorships and receiverships
  • Alston & Bird LLP
  • USA
  • July 8 2010

The Federal Housing Finance Agency (FHFA) has proposed new rules to "codify the terms of conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks," as required by the Housing and Economic Recovery Act of 2008


Senate adopts two motions to instruct conferees
  • Alston & Bird LLP
  • USA
  • May 25 2010

Yesterday, four days after passing the Wall Street Reform and Consumer Protection Act of 2010, the Senate adopted two motions to instruct Senate conferees


SEC will not appeal proxy access decision; Rule 14a-8 amendments on private ordering to become effective
  • Alston & Bird LLP
  • USA
  • September 8 2011

Late Tuesday, September 6, 2011, the Securities and Exchange Commission (SEC) Chairman Mary L. Shapiro issued a statement that the SEC would not seek a rehearing of the decision by the United States Court of Appeals for the District of Columbia Circuit vacating the SEC’s recently adopted Rule 14a-11 and related amendments and would not seek Supreme Court review


Treasury, Federal Reserve, FDIC and OCC issue joint statement regarding Supervisory Capital Assessment Program, Capital Assistance Program and repayments of CPP funding
  • Alston & Bird LLP
  • USA
  • May 6 2009

This afternoon, the Treasury Department, Federal Reserve, FDIC and OCC issued a joint statement addressed a variety of questions arising under the pending Supervisory Capital Assessment Program (SCAP) and its interrelationship with Treasury's Capital Assistance Program (CAP


JOBS Act aims to jumpstart capital formation
  • Alston & Bird LLP
  • USA
  • April 5 2012

The Jumpstart Our Business Startups Act (otherwise known as the JOBS Act), which was signed into law by President Obama on April 5, 2012, contains the most sweeping set of changes to the securities laws governing public and private offerings since the Securities Offering Reform was enacted in 2005


President Obama signs Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Alston & Bird LLP
  • USA
  • July 21 2010

This morning, President Obama signed into law comprehensive reforms to the federal banking and securities laws -- the Dodd-Frank Wall Street Reform and Consumer Protection Act -- legislation that the President said will "rein in the abuse and excess that nearly brought down our financial system" and "bring transparency to the kinds of complex, risky transactions that helped trigger the financial crisis."


SEC solicits public comment for study on broker-dealer and investment adviser standards of care
  • Alston & Bird LLP
  • USA
  • July 28 2010

Yesterday, the SEC published a request for public comment in connection with its study, required by Section 913 of the Dodd-Frank Act, of the obligations and standards of care of broker-dealers and investment advisers providing personalized investment advice about securities to retail investors


NYSE to propose amendments to Rule 452 to comply with Dodd-Frank Act
  • Alston & Bird LLP
  • USA
  • August 6 2010

Yesterday, the New York Stock Exchange announced that it "intends to file an amendment to NYSE Rule 452 to prohibit members from voting uninstructed shares if the matter to be voted on relates to executive compensation, including 'say-on-pay' proposals, at meetings occurring after July 21, 2010," but that an "exception will be made for those meetings on which the NYSE has issued a 'may vote' ruling prior to July 21


Senate Banking Committee holds hearing on SEC Inspector General's Sanford Report
  • Alston & Bird LLP
  • USA
  • September 23 2010

Yesterday, the Senate Banking Committee held a hearing entitled "Oversight of the SEC Inspector General's Report on the 'Investigation of the SEC's Response to Concerns Regarding Robert Allen Sanford's Alleged Ponzi Scheme' and Improving SEC's Performance."


Fannie Mae and Freddie Mac react to apparent defects in foreclosure procedures
  • Alston & Bird LLP
  • USA
  • October 2 2010

Yesterday, following announcements from Ally Financial and JP Morgan Chase of temporary suspensions of foreclosure efforts in certain states, Fannie Mae issued a statement yesterday expressing concerns about "reports of servicers failing to follow proper procedures in the administration of foreclosure cases," noting that "Fannie Mae servicers are required, by contract, to adhere to applicable laws and rules regarding mortgage documents, and to establish processes and controls that ensure compliance."