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Sep 12, 2024 | 
jdsupra.com | Jeremy Mandell |Julie Park
Morrison Foerster Investigations + White Collar Defense partner Nate Mendell, former Acting U.S. Attorney for the District of Massachusetts, hosted the fourth episode of When Your Life Sciences Are on the Line, where leading practitioners and thought leaders share the insights and advice needed to manage business and legal risk in the life sciences sector.
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Jul 9, 2024 | 
jdsupra.com | Natalie Fleming Nolen |Jordan Hare |Jeremy Mandell
On July 1, 2024, the U.S. Supreme Court issued a decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System, holding that an Administrative Procedure Act (APA) claim does not accrue for purposes of the APA’s six-year statute of limitations until the plaintiff is injured by final agency action.
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Jul 9, 2024 | 
lexology.com | Jeremy Mandell |Jordan Hare
On July 1, 2024, the U.S. Supreme Court issued a decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System, holding that an Administrative Procedure Act (APA) claim does not accrue for purposes of the APA’s six-year statute of limitations until the plaintiff is injured by final agency action.
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Mar 14, 2024 | 
jdsupra.com | Natalie Fleming Nolen |Jeremy Mandell
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) announced the issuance of its final rule to amend Regulation Z and further restrict credit card late payment fees (the “Final Rule”). With certain material differences discussed herein, the Final Rule tracks the CFPB’s proposal from March 2023 (the “Proposed Rule”). The Final Rule continues the CFPB’s efforts to regulate so-called “junk fees” in financial products and services.
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Nov 16, 2023 | 
lexology.com | Jeremy Mandell
On November 1, 2023, the Office of the Comptroller of the Currency (OCC) issued detailed guidance (the Bulletin) to national banks and federal savings associations addressing risk management standards and safe and sound lending practices for venture lending (i.e., lending to “high-risk borrowers in an early-, expansion-, or late stage of corporate development”).[1] Asset-based lending with full monitoring and controls are excluded from the Bulletin.
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Oct 26, 2023 | 
lexology.com | Jeremy Mandell |Jordan Hare
On October 25, 2023, the Federal Reserve Board (“Board”) issued a proposed rule that would reduce the debit card interchange fee cap in Regulation II (12 C.F.R. pt. 235). The Board promulgates Regulation II pursuant to its authority under the so-called Durbin Amendment to the Dodd-Frank Act (15 U.S.C. § 1693o-2).
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Oct 17, 2023 | 
jdsupra.com | Jeremy Mandell |Julie O'Neill |Rachel Ross
On October 11, 2023, the Federal Trade Commission (FTC) issued a proposed rule to prohibit so-called junk fees, and the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to large banks and credit unions on charging fees for financial account information.
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Sep 6, 2023 | 
lexblog.com | Henry Fields |Jiang Liu |Jeremy Mandell |Barbara R. Mendelson
On July 27, the three federal banking agencies (the Agencies)[1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). The Proposal is the U.S. adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision. The 2017 revisions are commonly referred to as the Basel III Endgame.
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Aug 17, 2023 | 
jdsupra.com | Henry Fields |Jiang Liu |Jeremy Mandell
On July 27, the three federal banking agencies (the Agencies)[1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). The Proposal is the U.S. adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision. The 2017 revisions are commonly referred to as the Basel III Endgame.
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Aug 17, 2023 | 
mondaq.com | Henry Fields |Jiang Liu |Jeremy Mandell |Barbara R. Mendelson
On July 27, the three federal banking agencies (the
Agencies)1 jointly proposed changes to the regulatory capital
framework applicable to large banks and bank holding companies (the
Proposal). The Proposal is the U.S. adaptation of the 2017
revisions to the Basel III capital regime promulgated by the Basel
Committee on Banking Supervision. The 2017 revisions are commonly
referred to as the Basel III Endgame.
