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 Blog

Amnesty International Continues to Push for En Banc Rehearing in Conflict Minerals Case

conflict minerals

Public Companies and Securities Amnesty International has filed a supplemental brief which continues to advocate for a rehearing en banc in the conflict minerals case.  The argument is this:  American Meat Institute v. U.S. Department of Agriculture expressly overruled a portion of the opinion in the conflicts minerals case.  That makes it clear that the appeals court erred in […] Read more →

by   |   August 19, 2014

private equity

SEC Reports on Use of Form PF Data

Investment Advisers, Private Equity The SEC has issued its annual report on use of Form PF data. In its  examination and enforcement programs regarding registered investment advisers that manage private funds, the... Read more →

by   |   August 18, 2014

msrb

MSRB Seeks to Extend Pay-to-Play Rule to Municipal Advisors

Banking, Broker-Dealer, Municipal Advisors The Municipal Securities Rulemaking Board, or MSRB, is requesting comment on draft amendments to Rule G-37, the MSRB’s pay-to-play rule for municipal securities dealers, that... Read more →

by   |   August 18, 2014

US Capitol Building

FinCEN Seeks to Turn Beneficial Ownership Disclosure of Private Entities on its Head

Banking My colleagues over at our banking blog have highlighted proposed regulations by the Financial Crimes Enforcement Network, or FinCEN, under the Bank Secrecy Act  which are meant... Read more →

by   |   August 17, 2014

accountant2

FNMA Survey Indicates QM Rules Lead to Increased Lender Costs

Banking, Consumer Protection FannieMae has released a survey that indicates the CFPB’s Ability-to-Repay (“ATR”) and Qualified Mortgage (“QM”) rules will lead to increased lender costs. ... Read more →

by   |   August 14, 2014

OLYMPUS DIGITAL CAMERA

ISDA Says End User Transactions Dominate Interest Rate Derivative Markets

Banking, Derivatives ISDA believes there is a misperception that only a small fraction of derivatives activity relates to hedging that benefits the “real economy.”  ISDA has published an analysis... Read more →

by   |   August 13, 2014

11379622_S[1]

Suspense and Intrigue Surround Closed SEC Meeting

Public Companies and Securities The SEC Office of Inspector General has released a redacted version of an investigation regarding a leak of Commissioner Piwowar’s vote during an executive session of a closed... Read more →

by   |   August 12, 2014

CFPB logo

CFPB Cautions on Bitcoin and Begins Collecting Complaints on Virtual Currencies

Banking, Consumer Protection The CFPB has issued a useful consumer advisory on virtual currencies. The advisory notes Bitcoin transactions may not be anonymous and “Information about each and every Bitcoin... Read more →

by   |   August 11, 2014

Loan Officers Say ATR/QM Rules Make Mortgage Approvals More Difficult

Banking, Consumer Protection, Uncategorized Around 34% of all loan officers responding to a Fed survey indicated the CFPB’s Ability-to-Repay and Qualified Mortgage Standards under the Truth in Lending Act (the ATR/QM... Read more →

by   |   August 6, 2014