Tags » Financial Services Law

Bank of America’s Inconsistent Positions re: Faulty Residential Mortgage-backed Securities

Bank of America recently moved to dismiss a lawsuit filed by Ambac Assurance Corp. in New York state court, alleging $600 million in damages for fraudulent inducement in connection with payments it made under policies insuring faulty residential mortgage-backed securities issued by Countrywide. 453 more words

Financial Services Law

Secure Sockets Layer (SSL) 3.0 Encryption Declared “No Longer Acceptable” to Protect Data

On Friday, February 13, 2015, the Payment Cards Industry (PCI) Security Standards Council (Council) posted a bulletin to its website, becoming the first regulatory body to publicly pronounce that  319 more words

Financial Services Law

U.S. Developers Flock to Tel Aviv Financial Markets

The Tel Aviv Stock Exchange has turned into a destination for large and medium sized U.S. real estate developers to access Israeli capital.

Israeli institutions are hungry for the diversification opportunities and relatively higher interest rates offered by American developers of good reputation. 76 more words

Financial Services Law

Regulators Release Guidance on Private Student Loans With Graduated Repayment Terms at Origination

On January 29, the federal financial regulatory agencies, in partnership with the State Liaison Committee of the Federal Financial Institutions Examination Council, issued guidance for financial institutions on private student loans with graduated repayment terms at origination. 386 more words

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