Manatt Phelps & Phillips LLP | USA | 30 Nov 2017
The Financial Crimes Enforcement Network (FinCEN) hit a Texas bank with a $2 million Assessment of Civil Money Penalty for Bank Secrecy Act and…
Manatt Phelps & Phillips LLP | USA | 26 Oct 2017
What will the Office of the Comptroller of the Currency (OCC) focus on in 2018? Cybersecurity, for starters, the agency said in the release of its…
Manatt Phelps & Phillips LLP | USA | 22 Jun 2017
The Board of Governors of the Federal Reserve System announced a $41 million penalty against the U.S. operation of a foreign bank over Bank Secrecy…
Manatt Phelps & Phillips LLP | USA | 9 Nov 2016
Republicans retain the House and Senate and Donald Trump surprises as winner of the presidential election, providing a Republican sweep of all the…
Manatt Phelps & Phillips LLP | USA | 13 May 2016
Bringing banks into the battle over payday lending, the Consumer Financial Protection Bureau (CFPB) released a report finding that online payday loans…
Manatt Phelps & Phillips LLP | USA | 13 May 2016
Does the federal bank fraud statute require proof of an intent to deceive a bank as well as cheat it out of some of its funds? The U.S. Supreme Court…
Manatt Phelps & Phillips LLP | USA | 13 May 2016
In new lawsuits seeking to hold the individuals behind a company that allegedly violated the Consumer Financial Protection Act of 2010 liable, the…
Manatt Phelps & Phillips LLP | USA | 13 May 2016
For a second time, federal banking regulators are seeking comment on a jointly proposed rule that would impose restrictions on incentive-based pay…
Manatt Phelps & Phillips LLP | USA | 12 May 2016
On May 10, 2016, the U.S. Department of the Treasury released its highly anticipated white paper on online marketplace lending. Treasury's…
Manatt Phelps & Phillips LLP | USA | 3 May 2016
In the past few years the FinTech industry has grown exponentially. According to a recent Forbes article, the existing number of FinTech start-ups…