Manatt Phelps & Phillips LLP | USA | 24 May 2018
May bank directors and officers be held jointly and severally liable for negligence in a tort action challenging their decision making process? The U…
Manatt Phelps & Phillips LLP | USA | 28 Feb 2018
Despite the existence of a prior acts exclusion in an insurance policy, the officers and directors of a failed bank were entitled to coverage for a…
Manatt Phelps & Phillips LLP | USA | 30 Nov 2017
A state-chartered bank based in Missouri must pay $5 million pursuant to a Consent Order with the Board of Governors of the Federal Reserve System…
Manatt Phelps & Phillips LLP | USA | 9 Nov 2017
In a new bulletin, the Office of the Comptroller of the Currency (OCC) outlined its updated “policy and framework for determining the effect of…
Manatt Phelps & Phillips LLP | USA | 17 Aug 2017
The Board of Governors of the Federal Reserve System requested public comment on a proposal intended to enhance the effectiveness of boards of…
Manatt Phelps & Phillips LLP | USA | 3 Aug 2017
The federal banking regulators proposed an increase in the threshold for commercial real estate transactions requiring an appraisal from the current…
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…