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On October 7, the Consumer Financial Protection Bureau ("CFPB") proposed a ban on class action waivers in consumer financial products and services contracts.

On January 30, the CFPB issued a report highlighting mortgage servicing problems in 2013, including various violations of the Dodd-Frank Act’s ban on unfair, abusive and deceptive acts.

The CFPB requested comment on a proposal to increase the reporting data threshold for closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act ("HMDA") rules.

The CFTC approved a final rule instituting system safeguards testing requirements for designated contract markets, swap execution facilities, swap data repositories and derivatives clearing organisations.

On September 23, the SEC amended interim final temporary Rule 15Ba2-6T, which provides for the temporary registration of municipal advisors under the Exchange Act, as amended by the Dodd-Frank Act, extending the date on which Rule 15Ba2-6T will sunset from September 30, 2013, to December 31, 2014

On August 16, the Fed issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies (with $50 billion or more in total consolidated assets).

The extension is consistent with extensions to other firms and will give the companies additional time to prepare their resolution plans.

The FDIC final rule permitting FDIC-insured financial institutions to "except a capped amount of reciprocal deposits from treatment as brokered deposits ...

The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC (collectively, the "agencies") issued final rules to increase asset threshold from $1 billion to $3 billion for insured depository institutions.

Companies should take the next few weeks to review internal compliance and reporting programs, as well as internal investigations procedures before the final whistleblower rules under the Dodd-Frank Act are released by the SEC (Securities & Exchange Commission).

Dodd-Frank Act Section 989G amended the Sarbanes-Oxley Act so that Section 404(b) does not apply with respect to "any audit report prepared for an issuer that is neither a ‘large accelerated filer’ nor an ‘accelerated filer’ as those terms are defined" by the SEC—essentially eliminating the auditor attestation requirement for smaller reporting companies.

On November 6, 2017, US Treasury Secretary Steven Mnuchin announced that Richard Berner, director of the Office of Financial Research, will step down effective December 31, 2017 ...

JP Morgan Chase disclosed on 10 May 2012 that it suffered losses of at least USD 2 billion as a result of a failed strategy concerning high-risk investments.

The final rules become effective on January 28, 2019.

The CFPB continues to make sweeping changes to consumer regulations with little regard for how its rules will affect lenders, credit markets or the very consumers the CFPB was designed to protect.

On January 14, the SEC adopted new rules that will require security-based swap data repositories to register with the SEC and prescribe reporting and public dissemination requirements for security-based swap transaction data.

Today's General Counsel has published an article citing Cadwalader partners Mercedes Tunstall and Andrew Karp where they discuss how the Third Circuit handed down a decision ...