Mayer Brown LLP Document Search Results (390)
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|CFPB Enforcement Action Against Payday Lender Has Broad Implications for Financial Institutions|
Stephen Lillley, Andrew J. Pincus, Jeffrey P. Taft; Mayer Brown LLP;
July 22, 2014, previously published on July 17, 2014The US Consumer Financial Protection Bureau (CFPB) has entered a consent order with a payday lender for debt collection practices that the CFPB alleged violated the Dodd-Frank Act’s prohibition on unfair, deceptive or abusive acts or practices. The $10 million settlement casts a significant...
|Pension protection fund changes following Olympic Airlines case|
Beth Brown, Ronan McNabb; Mayer Brown International LLP;
July 22, 2014, previously published on July 2014The regulatory amendments drawn up by the Secretary of State for Work and Pensions following the outcome in Trustees of Olympic Airlines SA Pension & Life Assurance Scheme v Olympic Airlines SA have been drafted narrowly and may end up protecting no one other than the beneficiaries of the...
|Do What I Say, Not What I Do: The US Internal Revenue Service Finalizes Changes to the Mixed Straddle Rules|
James R. Barry, George W. Craven, Mark H. Leeds; Mayer Brown LLP;
July 22, 2014, previously published on July 21, 2014In 1981, when Congress enacted the straddle rules preventing selective loss recognition, it directed the IRS to allow taxpayers to recognize built-in gain and loss on mixed straddles. In response, the IRS wrote regulations that permit such gain and loss recognition. The IRS has changed its view and...
|DC Pensions Flexibility: Government Consultation Response Published|
Jonathan Moody, Anna Rogers, Ian Wright; Mayer Brown International LLP;
July 22, 2014, previously published on July 21, 2014In the 2014 Budget, the Government announced what it called “the most fundamental reform to the way people access their pensions in almost a century”. The most significant change announced was that, from April 2015, members with money purchase or cash balance rights would be able to...
|Wyndham Seeks Immediate Appeal Over FTC Authority To Regulate Data Security While District Court Allows Case To Proceed On Common-Enterprise Theory|
Stephen Lilley, Archis A. Parasharami; Mayer Brown LLP;
July 22, 2014, previously published on July 21, 2014 For the past two years, a federal court in New Jersey has considered important data security issues in the FTC v. Wyndham Worldwide Corp. litigation. Two recent opinions issued by the court now have brought that case back into the news—and made clear that the stakes are as high as ever.
|WTO Appellate Body Rules on Dispute over US Countervailing Duty Law|
Timothy J. Keeler, Duane W. Layton, Matthew J. McConkey, Paulette Vander Schueren; Mayer Brown LLP;
July 17, 2014, previously published on July 14, 2014The Appellate Body of the World Trade Organization (“WTO”) has issued its decision in the dispute between the United States and China over the so-called “GPX Legislation.” The GPX Legislation expressly authorizes the US Department of Commerce (“Commerce”) to...
|Clamping Down on Illegal Guesthouses in Hong Kong: Government Seeks Input on New Proposals|
Andrew P. B. MacGeoch, David S. C. Mallinson, Emily I. C. Wong; Mayer Brown JSM;
July 17, 2014, previously published on July 16, 2014The Home Affairs Department of the government has issued a consultation document (the “Document”) reviewing the Hotel and Guesthouse Accommodation Ordinance (Cap.349) (the “Ordinance”) with recommendations to improve the licensing regime and the effectiveness of enforcement...
|US Securities and Exchange Commission Issues Final Rules Regarding the Application of Security-Based Swap Intermediary Definitions to Cross-Border Security Based Swap Activity|
Joshua Cohn, Curtis A. Doty, Alex C. Lakatos, Jerome J. Roche, David R. Sahr; Mayer Brown LLP;
July 17, 2014, previously published on July 15, 2014The US Securities and Exchange Commission (“SEC”) has adopted final rules (the “CrossBorder Rules”) regarding the cross-border application of certain security-based swap (“SBS”) provisions of Title VII of the DoddFrank Wall Street Reform and Consumer Protection...
|Revised Negative List for Shanghai FTZ - Substantive Changes for Foreign Investors?|
Frank L. Qi, Betty F. K. Tam; Mayer Brown LLP;
July 17, 2014, previously published on July 17, 2014It has been over nine months since the Shanghai Free Trade Zone (FTZ) was launched and a “negative list” approach for foreign investment adopted in the FTZ. On 1 July 2014, the Shanghai Municipal People’s Government issued a revised version of the negative list (the “Revised...
|CONFAZ ICMS Convention No. 63/2014: Tax Amnesty Program for the State of Sergipe|
Carolina M. Bottino, Ivan Tauil; Tauil & Chequer Advogados in association with Mayer Brown LLP;
July 17, 2014, previously published on July 15, 2014On 07/11/2014, ICMS Convention No. 63/2014, enacted by the National Finance Policy Council - CONFAZ - was published in the Official Gazette. It authorizes the State of Sergipe to implement a Tax Amnesty Program to waive or reduce penalties and interest related to ICMS debts due by December 31, 2013.