Document(s) published by this organization: 94
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|CFPB Issues Special Edition Supervisory Highlights on Indirect Auto Lending|
Neal C. Wise; Jones Walker LLP;
September 29, 2014, previously published on September 25, 2014On September 23, 2014, the Consumer Financial Protection Bureau ("CFPB") released its Supervisory Highlights describing its fair credit supervisory actions in the indirect automobile lending market. According to the CFPB, the term "indirect automobile lenders" consists of...
|Recent SEC Enforcement Actions Over Insider Reporting of Stock Transactions|
Kelly C. Simoneaux, Hope M. Spencer, Sarah S. Trufant; Jones Walker LLP;
September 25, 2014, previously published on September 2014On September 10, 2014, the Securities and Exchange Commission (“SEC”) announced enforcement actions against 13 directors and officers, 10 investment firms and 5 individuals with beneficial ownership in public companies, in connection with delinquent reporting of securities holdings and...
|SEC Proposal Would Exempt From Registration Some Communications Involving Swaps|
Luke B. Falgoust, J. Marshall Page; Jones Walker LLP;
September 25, 2014, previously published on September 18, 2014On September 8, the Securities and Exchange Commission ("SEC") proposed a rule to exempt certain communications involving security-based swaps from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proposed Rule 135d would apply to the...
|UDAP/UDAAP: Goodbye Regulation, Hello Guidance|
Craig N. Landrum; Jones Walker LLP;
September 16, 2014, previously published on September 11, 2014In recognition that its authority to issue credit practices rules for insured institutions was repealed as a consequence of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), the Board of Governors of the Federal Reserve System (the "Board") is...
|"Pay To Play" Rule Proposed for Municipal Advisors|
J. Andrew Gipson; Jones Walker LLP;
September 16, 2014, previously published on September 4, 2014On August 18, 2014, the Municipal Securities Rulemaking Board ("MSRB") issued a request for comment on proposed rule amendments expanding application of Rule G-37, its "pay to play" rule, to municipal advisors and municipal advisor third-party solicitors. The request for comment...
|Fifth Circuit Requires Underwriters to Pay for Removal of Debris Claims Under Excess Policies|
William C. Baldwin; Jones Walker LLP;
September 5, 2014, previously published on August 28, 2014After Hurricane Ike caused extensive damage to W&T Offshore's operations and required expensive removal of debris costs, W&T Offshore's excess underwriters filed a preemptive declaratory judgment action, seeking a ruling that the underwriters were not obligated to pay claims under their excess...
|Naquin's Inclusive Definition of a Jones Act Seaman is Applied to a Port Engineer|
Katie S. Cordes; Jones Walker LLP;
September 5, 2014, previously published on August 28, 2014In our April 2014 E*lert, we alerted you to the fact that the United States Court of Appeals for the Fifth Circuit arguably expanded the scope of Jones Act seaman status when it held that a shipyard repair supervisor was a Jones Act seaman in Naquin v. Elevating Boats, L.L.C., 744 F.3d 927 (5th...
|District Court Holds That an Indemnity Agreement is Enforceable Under the LOIA When the Issue of the Indemnitee's Fault Will Never be Reached Due to Peremption of the Claim|
Katie S. Cordes, Edward J. Koehl, William P. Wynne; Jones Walker LLP;
September 5, 2014, previously published on August 28, 2014In our June 2014 E*lert we informed you about a case of first impression, Hefren v. Murphy Exploration & Production Co. USA, et al., No. 12-1899 (W.D. La. 2014), in which the United States District Court for the Western District of Louisiana agreed with Jones Walker attorneys Edward J. Koehl,...
|Gains and Losses on Equity Holdings May Be Marked at Fair Value and Included in Net Income|
Peter J. Rivas; Jones Walker LLP;
September 4, 2014, previously published on August 28, 2014On July 30, 2014, the Financial Accounting Standards Board ("FASB") voted five to two to require publicly traded companies to fair value most gains and losses on equity securities and include such gains and losses in net income. However, the FASB made an exception for equity holdings that...
|OCC Issues New Guidance On Bank Sales of Consumer Debt|
George A. LeMaistre; Jones Walker LLP;
August 27, 2014, previously published on August 21, 2014Earlier this month, the Office of the Comptroller of the Currency ("OCC") released a new guidance discussing the practices that the agency expects banks and thrifts under its supervision to follow in selling consumer debt instruments.