News Topic: Financial Institutions

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money laundering efforts. ... Read full article

The Trump administration has just proposed a rule that declares open season on consumers for subprime lenders. ... Read full article

The Stop Wall Street Looting Act  introduced by Senator Warren has the private equity industry's hackles up. ... Read full article

The private equity industry is lashing out at Senator Warren’s Stop Wall Street Looting Act with some pretty outlandish claims that rise to Chicken Little level. ... Read full article

If you've logged on to any sort of on-line financial account in the past few years, there's a very good chance that you've been asked to consent to receive your periodic statements electronically, rather than on paper. Financial ... Read full article

I don't like bullies.  And I just ran into a $3 trillion one.  JPMorgan Chase Bank, armed with six partners at two AmLaw 100 firms (Wilmer Hale and McGuire Woods) took the truly unusual step of filing an objection to an amicus curiae brief I filed in ... Read full article

A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy. ... Read full article

I have filed an amicus brief  regarding "valid-when-made" in Rent-Rite Super Kegs West, Ltd. v. World Business Lenders, LLC . ... Read full article

It's been quite a week for "valid-when-made (up)". ... Read full article

FDIC and OCC filed an amicus brief  in the district court in an obscure small business bankruptcy case to which a bank was not even a party in order to defend the validity of a 120.86% loan that was made by a tiny community bank in Wisconsin (with its own ... Read full article

Two of the contracts papers I’ve been most looking forward to this fall have just been posted on ssrn. They are are Rob Anderson’s “An Evolutionary Perspective on Contracting: Evidence From Poison Pills” ( here ) and Julian Nyarko’s “Stickiness and ... Read full article

One of the central features of the  Stop Wall Street Looting Act  that was introduced by Senator Elizabeth Warren and a number of co-sponsors is a targeted rollback of limited liability. ... Read full article

The way many of us teach interpretation in Contract Law, there is little role for history (admittedly, this is just based on casual observation). ... Read full article

Professor Peter Conti-Brown of the Wharton School has written a short article for Brookings decrying the Second Circuit’s 2015  Madden v. Midland Funding decision . Professor Conti-Brown doesn’t like the Madden decision for two reasons. First, he thinks ... Read full article

Before it was the global financial crisis, we called it the subprime crisis. The slow, painful recovery, and the ever-widening income and wealth inequality, are the results of policy choices made before and after the crisis. Before 2007, legislators and ... Read full article

A detailed breakdown released by the agency shows residents in California, Florida and Texas having submitted the most complaints about a financial institution, but D.C. had the most per-capita complaints. ... Read full article

There's a big story in the NY Times about how the financial structures being used to finance many corporate loans —so-called Collateralized Loan Obligations or CLOs—look very similar to those used to finance mortgages during the housing bubble.  ... Read full article

Frustrated that Congress did not decide to collapse the CFTC and SEC as part of Dodd-Frank, and facing the reality that the SEC is still working on its rules under Title VII of Dodd-Frank, ISDA, the swaps industry trade group, is out with a white paper ... Read full article