F. John Podvin, Jr.

Consumer Financial Protection Bureau Publishes Enforcement Notice
Kit Addleman,F. John Podvin, November 18, 2011
On November 7, 2011, the Consumer Financial Protection Bureau (“CFPB”) announced that it will provide financial companies and individuals who are the subject of potential enforcement actions with an “Early Warning Notice Letter.” The CFPB’s letter and process is...

Weathering the Storm: Living Will Requirement under Dodd-Frank
Robert D. Albergotti,Autumn D. Highsmith,Ian T. Peck,F. John Podvin, September 22, 2011
On September 13, 2011, the Board of Directors of the Federal Deposit Insurance Corporation ("FDIC") unanimously approved a final rule implementing Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Rule"). The Dodd-Frank Rule...

FDIC and FinCEN Hit Ocean Bank with $10.9 Million Penalty: Bank Fined Seven Percent of Book Value for Ineffective Compliance Program
Ben Johnson,F. John Podvin,Arnold A. Spencer, September 6, 2011
On Monday August 22, 2011, the FDIC, Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and Florida’s Office of Financial Regulation announced civil money penalties of $10.9 million and a two-year deferred prosecution agreement against Ocean Bank (“the...