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ARTICLE · 01 APRIL 2015

Nutter Bank Report - March 2015

Nutter McClennen & Fish LLP
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The Nutter Bank Report is a monthly electronic publication of the firm’s Banking and Financial Services Group and contains regulatory and legal updates with expert commentary from our banking attorneys.

United StatesFinance and Banking
Kenneth Ehrlich
Kenneth Ehrlich
Michael Krebs
Michael Krebs
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The Nutter Bank Report is a monthly electronic publication of the firm's Banking and Financial Services Group and contains regulatory and legal updates with expert commentary from our banking attorneys.

Headlines

1. Supreme Court: Mortgage Loan Officers Are Not Exempt Employees
2. Federal Reserve Updates Volcker Rule Frequently Asked Questions
3. Priority Registration of ".bank" Domain Names Will Be Available
4. AOCI Opt-Out Election Deadline Is Approaching
5. Other Developments: Cybersecurity, Deposit-Related Credit and Payday Loans

1. Supreme Court: Mortgage Loan Officers Are Not Exempt Employees

The U.S. Supreme Court has reversed a ruling of the U.S. Court of Appeals for the District of Columbia Circuit that would have invalidated a 2010 U.S. Department of Labor ("DOL") interpretation that mortgage loan officers do not fall within the administrative exemption under the DOL's regulations on overtime pay. The Supreme Court's March 9 ruling

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