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Buckley Sandler LLP


NYDFS Launches New Cybersecurity Portal, Sets Compliance Deadlines

USA - August 4 2017 On July 31, the New York Department of Financial Services (NYDFS) announced the launch of an online cybersecurity portal for businesses to securely

CFPB Fines National Bank $4.6 Million for FCRA Violations

USA - August 3 2017 On August 2, the CFPB ordered a national bank to pay $4.6 million for allegedly failing to establish adequate policies and procedures for providing

OCC, Federal Reserve Solicit Public Comments on Volcker Rule

USA - August 4 2017 On August 2, the OCC announced it is seeking public comments on ways to improve regulations implementing the Volcker Rule, however the agency stressed

Federal Reserve Issues Guidance Regarding Roles of Bank Boards, Requests Comments on New SIFI Rating System

USA - August 4 2017 On August 3, the Federal Reserve (Fed) took an important step towards easing the heavy regulatory burden placed on the boards of directors at the

UNCITRAL Adopts Legal Framework for Electronic Records Use

Global - August 4 2017 On July 13 the United Nations Commission on International Trade Law (UNCITRAL) adopted the Model Law on Electronic Transferable Records (MLETR). If

Teradata Discloses FCPA Investigation in Quarterly Filing

USA - August 14 2017 On August 4, Ohio-based Teradata Corporation disclosed in its 10-Q that the DOJ and SEC are conducting investigations concerning potential violations

MTS Systems Announces Closure of FCPA Investigations

USA - August 14 2017 On August 7, MTS Systems announced in its Form 10-Q the closure of DOJ and SEC FCPA investigations related to gift, travel, entertainment, and other

House Financial Services Committee Issues Report Accusing Bureau of Contempt Charges Relating to Investigation into Arbitration Rulemaking

USA - August 11 2017 On August 4, the Majority Committee Staff of the House Financial Services Committee (Committee) released a report accusing CFPB Director Richard

SEC Releases Risk Alert, IMF Issues White Paper on Cybersecurity Awareness

USA - August 11 2017 On August 7, the SEC’s Office of Compliance Inspections and Examinations issued a risk alert entitled “Observations from Cybersecurity Examinations,”

Virginia AG Announces Settlement with Small Dollar Lender Over Excessive Fees

USA - August 11 2017 On August 1, Virginia Attorney General Mark Herring announced a settlement with a Virginia pawnbroker to resolve allegations that the company