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In October 2011, bond yields recovered slightly from their record lows in September. Yields on 10-year paper rose from 1.71% to 2.47% on municipal bonds and from 1.90% to 2.13% on Treasury notes. Yields on 30-year securities rose from 3.51% to 3.69% on municipal bonds and from 2.98% to 3.13% on Treasuries.

As has been widely reported, on October 4, 2010, the Securities and Exchange Commission entered a stay of its new Rule 14a-11, together with its amended Rule 14a-8 and other related amendments (often termed the "proxy access" rules).

A broker-dealer agreed to pay approximately $8.9 million to settle SEC charges for failing to disclose a conflict of interest that affected approximately 1,500 of the broker-dealer's retail advisory accounts.

Broker-Dealer Settles FINRA Charges for Direct Market Access Failures.

A broker-dealer settled FINRA charges for failing to disclose unsatisfied tax liens and judgments on a number of its registered representatives.

A broker-dealer settled FINRA charges for failing to comply with supervisory and recordkeeping requirements.

A broker-dealer agreed to pay $5.5 million to settle FINRA charges for failure to implement adequate supervisory procedures and safeguards ...

A broker-dealer settled FINRA charges for failing to maintain a sufficient balance in its "Special Reserve Bank Account for the Exclusive Benefit of Customers" ("Special Reserve Account").

Broker-Dealer Settles FINRA Charges for Suitability and "Marking the Close" Supervision Failures.

California's Department of Financial Protection and Innovation imposed an $825,000 penalty on Academy Mortgage Corporation following a 2023 ransomware attack, finding that inadequate cybersecurity documentation and governance failures constituted substantive violations.

California Passes Two Bills With Impacts on Mortgage Industry.

The CARES Act provides for various consumer relief, notably in mortgage forbearances and credit reporting.

The CFPB recently issued a final rule increasing the asset exemption threshold for the Truth in Lending Act (TILA) requirement to maintain an escrow account for a higher-priced mortgage loan (HPML).

Last October, the CFPB proposed changes to the TILA-RESPA Integrated Disclosure Final Rule first issued in November of 2013 and effective August 15, 2015.

The CFPB adopted amendments to Regulation X ("Real Estate Settlement Procedures Act") to facilitate the review of foreclosure avoidance options available to mortgage borrowers impacted by the COVID-19 pandemic.

The CFPB analyzed consumer complaints concerning private or federal student loans, including those related to debt collection and COVID-19.

The Federal Reserve Board and the CFPB published the dollar thresholds in Regulation Z (Truth in Lending (TILA)) and Regulation M (Consumer Leasing Act (CLA)) that will apply for determining exempt consumer credit...