Tags » Financial Services Law

European Union’s New Regulation to Attach Bank Accounts Pre and Post Judgment

Applicable as of January 18, 2017, a recently adopted European regulation facilitates cross-border debt recovery by enabling creditors to obtain a “European Account Preservation Order… 263 more words

Financial Services Law

Recent Trends in ESOP Litigation -- Employee Stock Ownership Plan

There has been a lot of attention in the world of employee ownership plans to the 2014 Supreme Court Decision in Fifth Third Bancorp v. Dudenhoeffer. 1,889 more words

Labor & Employment

New Year to Bring Increased Regulatory Focus on Cybersecurity for Financial Institutions

Having weathered the cybersecurity turbulence of 2014, the financial services sector can look forward to increased regulatory attention from federal, state and non-governmental regulators in 2015. 1,781 more words

Financial Services Law

Four Ways For A Financial Institution To Minimize Losses Related To A Data Breach

The explosive growth of electronic credit and debit card transactions has increased the possibility of data breaches for financial institutions. The ongoing data breach litigation by financial institutions against Target is just one example of what could be the new normal with card-swipe electronic transactions now dominating commerce: according to Javelin Strategy and Research, only about twenty-five percent (25%) of point-of-purchase sales are currently made with cash, and that percentage is expected to continue to decline in the coming years. 1,441 more words

Financial Services Law

Currency Conversion Concerns: New York Issues Guidance on Virtual Currencies

On December 5, 2014, the New York Department of Taxation and Finance (Department) released TSB-M-14(5)C, (7)I, (17)S.  This (relatively short) bulletin sets forth the treatment of convertible virtual currency for sales… 577 more words

Financial Services Law

Former JPMorgan Chase Insider Blows the Whistle

Matt Taibbi of Rolling Stone recently profiled the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking in his article,  476 more words

Financial Services Law

SEC Sanctions Operator of Unregistered Virtual Currency Exchanges

On December 8, the Securities and Exchange Commission sanctioned a computer programmer for operating two online exchanges that traded securities using virtual currencies without registering them as broker-dealers or stock exchanges. 289 more words

Financial Services Law