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New issuance of collateralised loan obligations ("CLOs") rose last year to its highest level since the credit crunch.

The CFPB issued a consumer advisory to all students regarding the use of school-endorsed debit cards for the receipt of scholarship and student loan proceeds.

The FDIC reminded FDIC-supervised institutions subject to the Home Mortgage Disclosure Act ("HMDA") of a recently Consumer Financial Protection Bureau ("CFPB") interpretive and procedural rule.

The Federal Housing Finance Agency announced proposed guarantee fee pricing adjustments in Connecticut, Florida, Illinois, New Jersey and New York for mortgages owned or guaranteed by Fannie Mae or Freddie Mac.

FinCEN announced the release of a study identifying thousands of instances wherefinancial institutions, particularly banks and money services businesses, filed suspiciousactivity reports involving real estate title and escrow companies.

The FRB issued monetary sanctions against a bank-holding company for its failure to adequately oversee its subsidiary bank’s mortgage loan servicing and foreclosure processing operations.

The FTC submitted a comment in response to the CFPB’s notice of proposed rulemaking requesting comments to its proposal to combine certain disclosures consumers receive in connection with applying for and closing on a home mortgage loan under TILA and RESPA (see July 10, 2012 Alert).

The Sixth Circuit held that the borrowers’ presentation of a copy of the closing package, which did not contain the required number of Notices of the Right to Cancel, along with affidavits swearing "that everything they received in the copy package they submitted into evidence," was insufficient to overcome the presumption of receipt when the lender produced a signed copy of the disclosure.

A broker-dealer agreed to settle SEC charges for the improper handling of "pre-released" American Depositary Receipts ("ADRs") and related supervisory failures.

A broker-dealer agreed to pay a $2.8 million civil penalty to settle charges that it failed to file Suspicious Activity Reports ("SARs") ...

The Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) has released an important new exposure draft of "Guidance for Smaller Public Companies Reporting on Internal Control over Financial Reporting." This draft guidance was generated to give smaller businesses an alternative to COSO’s full-blown “Framework” for internal controls.

The purchase price in a private deal is never the headline number you first read about.

Reform and Protection – On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law ("Dodd-Frank" or the "Act").

Two individuals settled SEC charges for insider trading in a case concerning the merger of a medical device company (see here and here).

On Sept. 11, 2012, the SBIC Funding Corporation completed pooling of SBA debentures with a coupon rate of 2.245%.

While the Securities and Exchange Commission continues to move forward to meet the requirements of the Dodd-Frank Act, it does not appear that it or its staff have much enthusiasm for the conflict mineral portion of those requirements.

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.