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JD Supra: (Some) Banking Agencies Repropose Dodd-Frank 956 Incentive Compensation Rules
JD Supra· 6 hours agoSection 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that six agencies — the Federal Reserve System (FRS), Office of the Comptroller of the Currency...
JD Supra: Securities Act Rule 192 – Conflicts of interest relating to certain securitizations
JD Supra· 55 minutes agoThis Rule 192 prohibits securitization participants from engaging in any transactions involving an asset-backed security (“ABS...
Supreme Court punts the NBA preemption analysis back to the Second Circuit | JD Supra
JD Supra· 6 days agoNo bright line test for preemption was articulated by the Court; instead, the Court relied on Barnett Bank and its earlier precedents dealing with National...
JD Supra: A Handbook for SEC Whistleblowers
JD Supra· 3 days agoThe U.S. Securities and Exchange Commission’s (SEC) Whistleblower Program was created in Section 922 of the Dodd-Frank Act of 2010, which amended the Securities ...
U.S. Supreme Court vacates decision on interest for escrow accounts, orders further review | JD...
JD Supra· 6 days agoOn May 30, the U.S. Supreme Court vacated and remanded for further proceedings a 2022 decision by the Second Circuit that held that the National Bank Act preempted a New York state law requiring ...
Banking Agencies Re-Propose Rules on Incentive-Based Compensation
The National Law Review· 6 days agoThe Proposed Rule is designed to implement Section 956 of the Dodd-Frank Wall Street Reform and...
FUNDamentals: Fifth Circuit Vacates New SEC Private Fund Adviser Rules | JD Supra
JD Supra· 2 days agoIn a 3-0 decision, the Court held that the SEC exceeded its statutory authority by using a provision of the Dodd-Frank Act Wall Street Reform and Consumer ...
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
CBS News via Yahoo Finance· 1 day agoThe MBA said lenders worked with the CFPB a decade ago on making sure mortgage fees were laid out...
Fifth Circuit Vacates the Private Fund Advisers Rules in their Entirety | JD Supra
JD Supra· 3 days agoCommission’s (the “SEC”) final rule1 regarding the regulation of private fund advisers (the “Final Rule”). In adopting the Final Rule, the SEC relied on its antifraud rulemaking authority found ...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 5 days agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from the Federal Reserve System consistent with the Constitution’s Appropriations Clause.