Latest Dodd-Frank Posts
CFPB Encourages Self-Policing and Self-Reporting
Banking, Consumer Protection The CFPB has issued a bulletin encouraging self-policing, self-reporting, remediation, and cooperation. The bulletin notes the CFPB considers many factors in the exercise of its enforcement discretion. These include: the nature, extent, and severity of the violations identified; the actual or potential harm from those violations; whether there is a history of past violations; and […] Read more →
SEC Nominees Support Prompt JOBS Act Implementation
Private Equity, Public Companies and Securities, Uncategorized President Obama has appointed two new SEC Commissioners, Kara Stein and Michael Piwowar. At their confirmation hearing, both supported completing the JOBS Act as a priority. ... Read more →
CFPB Issues Procedural Rule to Establish Supervisory Authority over Certain Nonbank Persons
Consumer Protection The CFPB has published a final rule that establishes procedures to implement section 1024(a)(1)(C) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. That... Read more →
A Lawyer’s Guide to Proposed Lease Accounting Rules
Public Companies and Securities The Financial Accounting Standards Board, or FASB, together with the International Accounting Standards Board, or IASB, is comprehensively reconsidering lease accounting. On May... Read more →