Search Results (5383)
Documents on banking law
Show: results per page
|Recent Developments in BSA/AML and Sanctions: Commerzbank AG Settles Criminal and Civil BSA/AML and Sanctions Charges with U.S. Government|
Nicolas Bourtin, H. Rodgin Cohen, Elizabeth T. Davy, Mitchell S. Eitel, Jared M. Fishman; Sullivan & Cromwell LLP;
May 8, 2015, previously published on March 26, 2015On March 12, 2015, Commerzbank AG (“Commerzbank”), Germany’s second largest bank, reached a multi-agency criminal and civil resolution of allegations that Commerzbank engaged in a practice of remitting “non-transparent” cross-border payments involving sanctioned...
|CFPB To Consider Rules Restricting Certain Payday, Deposit Advance, Vehicle Title and Other Short-Term Lending: CFPB Proposal Would Require Lenders To Assess Customers’ Ability To Repay, Impose Cooling-Off Periods for Consecutive Loans, and Require Disclosures and Limits on Repayment Through Customer Accounts|
Darrell S. Cafasso, H. Rodgin Cohen, Mitchell S. Eitel, Robert J. Giuffra, Sharon L. Nelles; Sullivan & Cromwell LLP;
May 8, 2015, previously published on March 30, 2015On March 26, 2015, the Consumer Financial Protection Bureau (the “CFPB” or the “Bureau”) announced that it will be considering rules imposing significant structural limitations and other requirements on payday and similar loans: (1) short-term (45 days or less) loans to...
|Dismissal Pursuant to Rule 1.420(b) For Failure To Timely Amend Carries Consequence Of Dismissal With Prejudice|
Suzanne Barto Hill; Rumberger, Kirk & Caldwell Professional Association;
May 7, 2015, previously published on April 22, 2015In a recent decision, the 4th DCA reversed final judgment of foreclosure under doctrine of res judicata in Schindler v. The Bank of New York Mellon Trust Co. Here, the bank filed a foreclosure (first foreclosure). The borrower moved to dismiss. The court dismissed the complaint due to the failure...
|Caught in the Tangled Web|
Richard Caird, Alexandra Doucas; Dentons Canada LLP;
May 7, 2015, previously published on April 27, 2015This is a case in which the claimant alleged that a bank held money on constructive trust for her. The bank said that it was a bona fide purchaser for value, with no notice which would suggest the existence of a prior proprietary claim. The bank failed. However, the Privy Council's judgment...
|FCA Business Plan Released: Supervision And Financial Crime Remains Key Focus For 2015|
Kirsten Lapham; Withers Bergman LLP;
May 7, 2015, previously published on March 30, 2015The Financial Conduct Authority (FCA) released its business plan and risk outlook for 2015 and 2016. It sets out the key risks identified; the areas of focus for the upcoming year; and its approach to addressing the risks to its objectives.
|CFPB, Virginia Attorney General Target Payday and Auto Title Lenders|
J.P. McGuire Boyd, Alan Bradley Clark; Williams Mullen;
May 6, 2015, previously published on April 27, 2015Section 1031 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank”) authorizes the Consumer Financial Protection Bureau (“CFPB”) to issue rules to prevent unfair, deceptive, or abusive acts or practices in consumer financial markets. Under this broad...
|Financial Fraud Law Report: January 2015|
David A. Elliott, Seth I. Muse, Jordan Teague, Kristen Peters Watson; Burr Forman LLP;
May 6, 2015, previously published on February 13, 2015The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted as a measure to promote financial stability and protection for consumers through increased regulation of nearly every aspect of the consumer finance industry. In the years since its enactment, the Dodd-Frank Act has led to...
|Ex-Im on Life Support?|
McDonald Hopkins LLC;
May 5, 2015, previously published on May 1, 2015House Majority Leader Kevin McCarthy said Tuesday he still believes the Export-Import Bank of the United States should be phased out, but on the question of whether that will happen, his answer was less certain.
|Polish Constitutional Tribunal Declared Bank Enforcement Title Unconstitutional|
Krzysztof Kazmierczyk, Bartosz Nojek, Jakub Podkowa, Mateusz Toczyski; Dentons Canada LLP;
May 4, 2015, previously published on April 16, 2015On 14 April 2015 the Polish Constitutional Tribunal considered the joint questions referred to it by the District Court in Konin, concerning the provisions of Banking Law allowing the banks to issue bank enforcement titles (BET) adjudicating that Article 96 item 1 and Article 97 item 1 of the...
|SAFE Circular 19: A Nationwide Liberalisation of Capital Account Settlement for FIEs|
Betty F. K. Tam; Johnson Stokes & Master Mayer Brown JSM;
May 1, 2015, previously published on April 17, 2015On 8 April 2015, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Reform of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (Circular 19), which will come into effect on 1 June...