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Results: 1-10 of 42

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


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


House Republican Leader Boehner requests live coverage of Financial Regulatory Reform Conference
  • Alston & Bird LLP
  • USA
  • May 23 2010

Following Senate approval of the Restoring American Financial Stability Act of 2010 this past Thursday, House Republican Leader John Boehner (R-OH) sent a letter to Speaker of the House Nancy Pelosi (D-CA) stressing the importance of an "open and fully bipartisan conference committee" to resolve differences between the Senate and House bills


Special master for TARP executive compensation rules on supplemental requests by AIG and Ally
  • Alston & Bird LLP
  • USA
  • August 4 2010

On Tuesday, Special Master for TARP Executive Compensation, Kenneth R. Fienberg, issued supplemental determinations with regard to the 2010 compensation payments and structures of American International Group, Inc. (AIG) and Ally Financial Inc. (Ally


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"


Trade associations urge Senate to consider systemic risk review
  • Alston & Bird LLP
  • USA
  • February 19 2010

Today, a consortium of interested trade associations, including the American Bankers Association, the Financial Services Roundtable and the Mortgage Bankers Association, sent a letter to Senators Christopher J. Dodd (D-CT) and Richard C. Shelby (R-AL), the Chairman and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, respectively, urging the Committee to address potential systemic risks posed by accounting standards in the consideration of the Senate’s comprehensive financial industry reform legislation


European Parliament contemplates global financial institution tax
  • Alston & Bird LLP
  • European Union, USA
  • February 23 2010

Today, the European Parliament Economic Affairs Committee issued a press release stating that "a globally implemented tax to discourage excessive risk-taking by financial institutions and to ensure the industry pays for the damage caused by the financial crisis should be considered."


House Financial Services Committee hears testimony regarding “too big to fail” institutions
  • Alston & Bird LLP
  • USA
  • July 23 2009

On July 21, the House Financial Services Committee held a hearing entitled, "Systemic Risk: Are Some Institutions Too Big to Fail and If So, What Should We Do About It?"


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"


GAO issues report regarding recommendations for US financial regulatory reform
  • Alston & Bird LLP
  • USA
  • January 14 2009

On January 8, the Government Accountability Office (GAO) issued a report on Financial Regulation proposing a broad framework for “crafting and evaluating regulatory reform proposals”