BANKING LAW:

What's the Hottest Banking Law Topic for 2006?
E-mail your opinion of the most significant development -- or pending development in Banking Law for 2006. My candidates are: Federal Preemption Industrial Loan Companies -- Wal*Mart Reg Relief Lite A Year of Bankruptcy Reform Capital.
Grant Thornton Fined $300000 in connection with Keystone Audit
IAPs take note: The accounting firm Grant Thornton LLP is the subject of Civil Money Penalties totalling $300000 arising out of its reckless conduct of the 1998 audit of First National Bank of Keystone. OCC's Press Release dated Dec.
Views from DC
Buzz Gorman from CSBS and Professor Art Wilmarth at the Supreme Court to hear argument in Watters v. Wachovia _____
Capital Reform – Basel 1-A and Basel II
5, 2006, FDIC’s Board of Directors adopted the Joint Federal Banking Agency Proposed Rule which would revise the current capital rules for banks not required to follow Basel II. The Basel II banks are only the very largest
A New California Decision on Bank Accounts Containing Social
Bank of America that allows banks to recoup overdrafts and fees from accounts containing social security payments. This case distinguishes the prior California Supreme Court case of
Reg O Revisions
The Federal Reserve has adopted an Interim Rule, eliminating some Regulation O (loans to insiders) reporting requirements. The Interim Rule is effective immediately upon Federal Register Publication -- but FRB seek comments for 30 days.
Commercial Real Estate Concentrations - Final Guidance
The FDIC, FRB, and OCC issued Final Guidance on Concentrations in Real Estate Lending Concentrations - Sound Risk Management Practices. Link to Dec. 6, 2006, Interagency Announcement:
CEO of the Year
MarketWatch's CEO of the Year is Robert Iger. As CEO of Walt Disney Co., Iger turned the company from the poster child for shareholder challenges of management (Roy Disney Stanley Gold) and an unbelievable compensation package for an
Considering Payday Loans and Military Personnel
FDIC Chairman Sheila Bair recognizes that one of the more troubling aspects of payday lenders is their proximity to military bases. In a speech to the Financial Services Conference of the Consumer Federation of America, she noted that
Countrywide Settles with Spitzer
NY Attorney General Eliot Spitzer today announced a settlement with Countrywide Home Loans, Inc. The settlement resolves an investigation into racial disparities indicated by 2004 HMDA data. According to the data, black and Latino
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