The comment period for the Consumer Financial Protection Bureau’s (“CFPB”) proposed Policy on No-Action Letters and the CFPB Product Sandbox
The FDIC has approved a final rule that will provide banks with the option to phase in over a three-year period the day-one adverse effects on
On December 13, 2018, the Bureau of Consumer Financial Protection (the “Bureau”), through its Office of Innovation, published two policy proposals
The federal banking agencies, together with the SEC and the CFTC, have jointly proposed to amend the Volcker Rule to tailor the application of the
The U.S. Commodities Futures Trading Commission (“CFTC”) has issued no-action relief from the mandatory clearing requirement for swaps under Section
The Federal Reserve, FDIC and OCC each have issued guidance reminding depository institutions and holding companies about new mandatory clearing
The Financial Stability Oversight Council (FSOC) is seeking public comment in advance of rules that will be proposed to implement Section 619 of the Dodd-Frank Act, which prohibits depository institutions from engaging in proprietary securities trading and from maintaining certain relationships with hedge funds and private equity funds (the Volcker Rule).
Federal Reserve announced final rules on March 23 to restrict the fees and expiration dates that may apply to gift cards.