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OCC and FDIC Adopt Rules Regarding Retail Forex TransactionsBrian D. Christiansen,Heather S. Cruz,George M. Gilbert,William J. Sweet,Mark D. Young, August 12, 2011 The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC and, together with OCC, the Bank Regulators) have recently issued final rules concerning off-exchange retail foreign exchange (forex) transactions and the entities that serve as counterparties to...
Primer on the Consumer Financial Protection BureauJoseph L. Barloon,Anand S. Raman,William J. Sweet,Darren M. Welch, July 25, 2011 On July 21, 2011, the Consumer Financial Protection Bureau (the Bureau or CFPB) will open its doors for business. The CFPB is a new, broadly empowered regulator that is charged with regulating the consumer financial products and services industry. The CFPB will have a significant impact on a broad...
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