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

SEC Fights Off Phony Whistleblower Submissions

whistleblower

Employment, Litigation, Public Companies and Securities As might have been expected, some will go to great lengths to claim they are entitled to a whistleblower reward based on suspect evidence.  An example is this Commission order denying a whistleblower award to one person, while making an award to another. In the example noted, the claimant submitted a form claiming entitlement to […] Read more →

by   |   August 29, 2014

accountant2

FASB Revises Going Concern Evaluations and Disclosure

Public Companies and Securities, Uncategorized Generally accepted accounting principles, or GAAP, presumes continuation of a reporting entity as a going concern as the basis for preparing financial statements unless and until... Read more →

by   |   August 28, 2014

conflict minerals

Conflict Minerals: Court Orders NAM to File Response to En Banc Rehearing Petition

Public Companies and Securities The SEC, the perceived loser in the conflicts minerals case at the time, filed a petition for an en banc rehearing on May 29, 2014.  NAM, the perceived winner at the time, stayed... Read more →

by   |   August 28, 2014

broker-dealer

FINRA and Exchanges Submit Tick Size Pilot Plan

Broker-Dealer, Public Companies and Securities FINRA and the exchanges have complied with an SEC order to establish a national market system plan to implement a targeted 12-month pilot program that will widen minimum quoting... Read more →

by   |   August 26, 2014

Federal Reserve Logo

Fed Proposes to Repeal Rule Regarding Unfair or Deceptive Acts or Practices

Banking, Consumer Protection The Federal Reserve Board has requested comment on a proposal to repeal its Regulation AA regarding unfair or deceptive acts or practices. The Dodd-Frank Wall Street Reform and... Read more →

by   |   August 25, 2014

CFPB logo

Lender Agrees to Pay CFPB $2.75 Million Fine for Distorting Credit Records

Banking, Consumer Protection The CFPB obtained a consent order from an auto finance company that allegedly distorted consumer credit records for years. The auto finance company, which according to the CFPB... Read more →

by   |   August 21, 2014

msrb

SEC to Commence Examinations of Municipal Advisors

Municipal Advisors, Uncategorized The SEC announced that its Office of Compliance Inspections and Examinations, or OCIE, is launching an examination initiative directed at newly regulated municipal advisors. It... Read more →

by   |   August 20, 2014

CFPB logo

CFPB Revises Mortgage Servicing Transfer Guidance

Banking, Consumer Protection The CFPB believes there are potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights. The CFPB has stated its concern in... Read more →

by   |   August 20, 2014

conflict minerals

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

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... Read more →

by   |   August 19, 2014