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Stites & Harbison PLLC
Last year, the influential Second Circuit Court of Appeals handed down a troubling, and to many banking lawyers, plainly-wrong decision in Madden v. Midland Funding LLC.
On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (the "PATH Act").
A federal district court in Minnesota recently held that the Bank Secrecy Act permits the Financial Crimes Enforcement Network to bring suit against individuals for willfully violating the BSA's AML program requirement.
Proskauer Rose LLP
Regulators were busy at the end of 2015, especially in the United States, perhaps being motivated to push forward new rule proposals in anticipation of a change in administration after the presidential elections later this year.
Davis & Gilbert
The trends in auto lending and the securitization of auto loans are reminiscent of the run-up in subprime mortgage lending and issuance of residential subprime mortgage-backed securities (RMBS).
On January 15, 2016, the Consumer Financial Protection Bureau Office of Enforcement asserted that claims pursued in administrative enforcement actions are not subject to the three-year statute of limitations...
Foley & Lardner
Late last year (December 24, 2015), the Financial Industry Regulatory Authority (FINRA) submitted a proposed rule to the U.S. Securities and Exchange Commission (SEC) for adoption.
The events of the last two weeks only add further credence to existing fears that the increasingly volatile HYD market will trigger another global financial crisis.