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Results: 1-10 of 42

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


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


CFPB moves quickly to launch nonbank supervision program
  • Alston & Bird LLP
  • USA
  • January 12 2012

Despite Republican efforts to prevent such a move, on January 4, 2012, President Obama used a recess appointment to install Richard Cordray as the director of the Consumer Financial Protection Bureau (“Bureau”


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


Secretary Geithner speaks on rebuilding the American financial system
  • Alston & Bird LLP
  • USA
  • August 3 2010

On Monday, Treasury Secretary Timothy F. Geithner gave a speech entitled “Rebuilding the American Financial System” at New York University’s Stern School of Business


Secretary Geithner testifies before House Financial Services Committee on Administration's proposals for financial regulatory reform
  • Alston & Bird LLP
  • USA
  • September 23 2009

Today, Treasury Secretary Timothy Geithner testified before the House Financial Services Committee on the Obama Administration's proposals for financial regulatory reform


House Committee holds hearing on compensation in the financial industry
  • Alston & Bird LLP
  • USA
  • January 22 2010

Today, the House Committee on Financial Services held a hearing on compensation in the financial services industry


Senate banking committee holds hearing on consumer protection within the financial services industry
  • Alston & Bird LLP
  • USA
  • March 3 2009

The Senate Banking, Housing and Urban Affairs Committee held a hearing today on the importance of restructuring the regulation of the financial service industry to include additional consumer protection