Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Banking

CFPB Considering Issuing No-Action Letters

CFPB logo

Banking, Consumer Protection The CFPB has issued a proposed policy where it would issue no-action letters in limited circumstances.  The proposed policy is designed for new financial products or services where there may be uncertainty about how they fit in the existing statutes and regulations. Under the proposed policy, the no-action letter would not be an available tool […] Read more →

by   |   October 13, 2014

bank pic

Major Banks Agree to Temporarily Stay Swap Termination Under ISDA Protocol

Banking, Derivatives The International Swaps and Derivatives Association, Inc., or ISDA,  announced that 18 major global banks, referred to as G-18, have agreed to sign a new ISDA Resolution Stay... Read more →

by   |   October 12, 2014

CFPB logo

GAO Says CFPB Needs to Improve Data Privacy and Security

Banking, Consumer Protection, Uncategorized To fulfill its statutory responsibilities, the CFPB collects large amounts of consumer financial data on credit card accounts, mortgage loans, and other products through one-time... Read more →

by   |   September 25, 2014

CFPB logo

CFPB to Regulate Larger Nonbank Auto Lenders

Banking, Consumer Protection The CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.  Currently, the Bureau supervises large banks making auto loans,... Read more →

by   |   September 20, 2014