Jayant W. Tambe

1 month ago | mondaq.com | Jayant W. Tambe |David C Aron |Rubina Ali |Michael Fischer

The Commodity Futures Trading Commission's("CFTC") new enforcement advisory introduces severalmajor changes in policy and a matrix helping those facing potentialor actual CFTC investigations quantify the extent to whichcooperation, self-reporting, and remediation can be expected toreduce penalties (a.k.a. "mitigation credit") that theCFTC staff would otherwise recommend to the commission in mostcases.

Feb 22, 2024 | mondaq.com | Jayant W. Tambe |Craig Waldman |Larissa C. Bergin |Nathan S. Brownback

The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement (the "Proposal") on agency review of merger applications.

Feb 14, 2024 | lexology.com | Jayant W. Tambe |Craig Waldman |Larissa C. Bergin |Nathan S. Brownback |Kevin Hart

In ShortThe Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement (the "Proposal") on agency review of merger applications.

Sep 18, 2023 | mondaq.com | Antonio F. Dias |Jayant W. Tambe |Dorothy Giobbe

Ruling concludes "unfairness" authority under the Dodd-Frank Act does not cover discrimination. On September 8, 2023, a federal district court rejected the Consumer Financial Protection Bureau's ("CFPB") interpretation that discrimination based on protected classes amounts to an unfair, deceptive, or abusive act or practice ("UDAAP").