On January 28th, the National Credit Union Administration (“NCUA”) announced a program under which it will temporarily guarantee $80 billion in uninsured member shares or deposits at wholesale or corporate credit unions.

Yesterday, the U.S. Senate Committee on Homeland Security and Governmental Affairs held a hearing entitled "Follow the Money: Transparency and Accountability for Recovery and Reinvestment Spending."

In another step in the evolution of its enforcement program, the Federal Energy Regulatory Commission (FERC or the "Commission") recently announced a statement of policy that revises the Commission’s approach to imposing civil penalties for violations of its statutes and regulations by adopting the approach of the United States Sentencing Guidelines for organizations.

ERISA practitioners are familiar with the concept of a band-aid on top of a band-aid. The liquidity shortfall contribution is a prime example.

On January 25, 2011, in a 3–2 vote, the Securities and Exchange Commission ("Commission") adopted final rules under the Securities Exchange Act of 1934 ("Exchange Act") to implement the provisions of Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") relating to three new shareholder advisory votes on (1) executive compensation (the "Say on Pay" vote), (2) the frequency of Say on Pay votes (the "Say on Frequency" vote) and (3) golden parachute compens