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Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
CBS News via Yahoo Finance· 5 hours agoThe MBA said lenders worked with the CFPB a decade ago on making sure mortgage fees were laid out...
FUNDamentals: Fifth Circuit Vacates New SEC Private Fund Adviser Rules | JD Supra
JD Supra· 1 day agoS. Securities and Exchange Commission’s (“SEC’s”) private fund advisers rules (the "Rules"), which would have imposed additional reporting ...
JD Supra: Director Chopra issues statement on FDIC/OCC/FHA proposal on incentive-based compensation...
JD Supra· 21 hours agoThe rulemaking is required by Section 956 of the Dodd-Frank Act, which directed the FDIC, OCC, FHA, as well as the Federal Reserve Board, National Credit ...
JD Supra: A Handbook for SEC Whistleblowers
JD Supra· 2 days agoThe U.S. Securities and Exchange Commission’s (SEC) Whistleblower Program was created in Section 922 of the Dodd-Frank
U.S. Supreme Court Directs Second Circuit to Perform a Barnett Bank Analysis | JD Supra
JD Supra· 1 day agoOn May 30, 2024, the U.S. Supreme Court held in a unanimous decision that the preemption standard codified in section 1044 (12 U.S.C. § 25b) of the < ...
Supreme Court punts the NBA preemption analysis back to the Second Circuit | JD Supra
JD Supra· 5 days agoBank of America, N.A., and remanded it back to the Second Circuit and instructed the appellate court to analyze whether New York’s law requiring interest to be paid on mortgage ...
U.S. Supreme Court Rejects a More Bright-Line National Bank Act Preemption Standard | JD Supra
JD Supra· 5 days agoIn a unanimous decision, the U.S. Supreme Court rejected a more bright-line standard for determining whether the National Bank Act (NBA) preempts a state law. Rather, the ...
Fifth Circuit Rules SEC Exceeded Its Authority in Adopting Private Fund Advisers Rule
The National Law Review· 23 hours ago...Advisers Act of 1940 (the Advisers Act) and the Dodd-Frank Wall Street and Consumer Reform Protection Act of 2010 (the Dodd-Frank Act) points to an unsuccessful conclusion to the SEC’s latest efforts to regulate and standardize certain business practices and customs of the private fund industry,...
SEC’s Power to Regulate Hedge Funds Dealt Blow by Appeals Court
Bloomberg Law· 1 day agoThe Securities and Exchange Commission’s loss in court over new restrictions on hedge funds and private equity firms casts a cloud over its other plans on artificial intelligence ...
Fifth Circuit Vacates the Private Fund Advisers Rules in their Entirety | JD Supra
JD Supra· 2 days agoIn adopting the...Investment Advisers Act of 1940, as amended (the “Advisers Act”), and section 913(h) of the Dodd-Frank Act, codified at section 211(h) ...
