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Results: 1-10 of 93

Class action round-up - spring 2015
  • Alston & Bird LLP
  • USA
  • June 9 2015

On April 27, 2015, the U.S. Supreme Court granted certiorari in Spokeo, Inc. v. Robinssetting the stage for an important decision on whether a


Class action round-up - spring 2014
  • Alston & Bird LLP
  • USA
  • May 22 2014

In a mortgage-related row, the Ninth Circuit reversed the Central District of California’s grant of summary judgment in favor of several bank


New Verus unclaimed property audit initiative branches out
  • Alston & Bird LLP
  • USA
  • October 9 2012

We have learned that Verus Financial, LLC (“Verus”), the contract audit firm recently known for conducting multistate unclaimed property examinations of the insurance industry, has begun to focus its audit activity on companies in the securitiesfinancial products and services arena


FRBNY President and CEO William Dudley delivers speech on “lessons of the crisis”
  • Alston & Bird LLP
  • USA
  • January 26 2010

Last week, William Dudley, the President and Chief Executive Officer of the Federal Reserve Bank of New York, delivered a speech entitled, "Lessons of the Crisis: The Implications for Regulatory Reform" to the Partnership for New York City Discussion


Senator Reid files for a cloture vote on financial regulatory reform bill as President addresses Wall Street
  • Alston & Bird LLP
  • USA
  • April 23 2010

Following a stinging letter sent on Tuesday by Senate Majority Leader Harry Reid (D-NV) and Senate Banking Committee Chairman Christopher Dodd (D-CT) claiming that "Senate Republican leadership seems more interested in mischaracterizing the legislation and protecting Wall Street," Senator Reid yesterday filed for a cloture vote late Monday afternoon on the financial regulatory reform bill, the "Restoring American Financial Stability Act."


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


U.K. FSA Chief Executive to resign this summer
  • Alston & Bird LLP
  • USA
  • February 9 2010

Today, the U.K. Financial Services Authority (FSA) announced that Mr. Hector Sants would resign from his position as CEO this upcoming summer after serving in this capacity for the last three years


Rep. Paul Kanjorski releases legislation addressing investor protection, registration of certain unregistered investment companies and creation of an Office of National Insurance
  • Alston & Bird LLP
  • USA
  • October 5 2009

On Thursday, Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, released discussion drafts of the following legislation to "address many of the shortcomings and loopholes laid bare by the current financial crisis"


President Obama reaffirms support for the creation of the Consumer Financial Protection Agency
  • Alston & Bird LLP
  • USA
  • October 14 2009

Last Friday, President Obama speaking in the White House East Room before several distinguished members of the Administration including Treasury Secretary Geithner, FDIC Chairman Bair and members of Congress reflected upon the Administration’s present efforts regarding consumer financial protection reform and reaffirmed his support for the creation of the Consumer Financial Protection Agency ("CFPA"


House Financial Services Committee passes the Consumer Financial Protection Agency Act
  • Alston & Bird LLP
  • USA
  • October 22 2009

Today, after four days of mark up sessions, the House Financial Services Committee, by a 39-29 vote, approved H.R. 3126, the Consumer Financial Protection Agency Act of 2009 (CFPA Act