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  • Article

    FDIC Makes Public December Enforcement Actions

    The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December.
    United StatesFinance and Banking
    Duane Morris LLP
    Duane Morris LLP
  • Article

    Goldman Sachs Settles RMBS Suit

    The plaintiffs had asserted causes of action for violations of federal securities laws as well as for common law fraud, negligent misrepresentation, and unjust enrichment.
    United StatesFinance and Banking
    Orrick
    Orrick
Article

MetLife, Inc. Victorious In Its Challenge To Its Designation As A Systemically Important Financial Institution

On March 30, 2016, a federal judge in the US District Court for the District of Columbia issued an order rescinding a December 2014 designation by the US Financial Stability Oversight Council of Metlife, Inc...
United StatesFinance and Banking
A&O Shearman
A&O Shearman
  • Article

    NYDFS Details Potential Cybersecurity Rules

    The New York Financial Department of Services provided details related to potential cybersecurity regulations for banks and insurance companies under its jurisdiction.
    United StatesFinance and Banking
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    PHH Fine On Hold, Says D.C. Circuit

    The case will now proceed to the D.C. Circuit for a decision on the merits, which is likely to come next year.
    United StatesFinance and Banking
    BakerHostetler
    BakerHostetler
  • Article

    SEC Warns Investors About Louisiana Flood-Related Insurance Scams

    The SEC Division of Investor Education and Advocacy alerted investors to various insurance scams that may arise from recent flooding in and around Louisiana.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    US Banking Regulators Request Comments On Reducing Regulatory Burden

    Over the coming year, the regulators will publish requests for comments for nine additional categories of regulation.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Deposit Insurance Corporation Issues Proposal Amending Regulations Related To "Fair Credit Reporting"

    On January 21, 2015, the FDIC issued a proposed rule amending regulations related to "Fair Credit Reporting."
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board And FDIC Extend Resolution Plan Submission Deadlines For Certain Institutions

    On August 30, 2018, the U.S. Board of Governors of the Federal Reserve System and U.S. Federal Deposit Insurance Corporation announced that the agencies have extended the submission deadline ...
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    US Federal Reserve Board Extends Comment Period For Proposed Rule Detailing Conceptual Frameworks For Capital Standards

    On July 25, 2016, the FRB extended the comment period for the advanced notice of proposed rulemaking detailing conceptual frameworks for capital standards that could apply to systemically important insurance companies.
    United StatesFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    ACA Enrollment As Of Year-End

    HHS reported that 6.5 million consumers have obtained health insurance coverage from HealthCare.gov, bringing the total number of enrollees in federal and state exchanges to over 7 million.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    April Congressional Hearings

    Recent Congressional hearings on health policy issues include the following.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Adopts PPS For Federally Qualified Health Centers (FQHCs), Amends CLIA Rules

    CMS published the methodology and payment rates for the new prospective payment system for FQHC services under Medicare Part B.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Call: Applying For The 2015 Medicare Shared Savings Program (April 8)

    CMS is hosting a call on how to prepare for the Medicare Shared Savings Program application process for the January 1, 2015 start date.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Call On Home Health Clinical Templates (March 11)

    On March 11, 2015, CMS is hosting a call to discuss paper and clinical templates intended to assist physicians and practitioners in documenting patient eligibility for Medicare home health benefits.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Clarifies FY 2016 IPPS/LTCH Proposed Rule Comment Deadline

    CMS has published a correction notice that clarifies that the comment deadline for the FY 2016 Medicare inpatient prospective payment system (IPPS) and long-term care hospital (LTCH) PPS proposed rule is June 16, 2015.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Fraud Prevention System Credited With $820 Million In Medicare Savings To Date

    CMS has announced that its Fraud Prevention System identified or prevented $820 million in inappropriate Medicare payments during its first three years, including $454 million in 2014 alone.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Posts April 2014 Medicare Part B Drug ASP Files

    CMS has released the average sales price (ASP) files that will be used to pay for Medicare Part B drugs for the second quarter of 2014.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Proposed 2016 Medicare Payment Rules In The Pipeline

    CMS recently sent several major proposed Medicare CY 2016 payment rules to the White House Office of Management and Budget (OMB) for regulatory clearance...
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
  • Article

    CMS Proposes Funding Methodology For ACA Basic Health Program For 2017-2018

    On October 22, 2015, CMS published a proposed methodology for determining federal payment amounts to states that elect to establish a Basic Health Program (BHP) to offer health benefits to low-income individuals...
    United StatesFood, Drugs, Healthcare, Life Sciences
    Reed Smith
    Reed Smith
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