Wachovia to Settle MBS-Related Charges

By Gregg D. Killoren, J.D., CCH State Banking Law Reporter, Bank Digest and Individual Retirement Plans Guide; co-author, Dodd-Frank Wall Street Reform and Consumer Protection Act—Law, Explanation and Analysis, April 6, 2011. The Securities and Exchange Commission has announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in […]

Bernanke Addresses Supervision of Financial Market Utilities

By J. Preston Carter, J.D., LL.M., Editor, Financial Privacy Law Guide, CCH Federal Banking Law Reporter, State Banking Law Reporter and Bank Digest; co-author, Dodd-Frank Wall Street Reform and Consumer Protection Act—Law, Explanation and Analysis, April 5, 2011. Fed Chairman Ben S. Bernanke addressed the operation and financial soundness of clearinghouses for payments, securities and […]

White House, Congress, Consulting on New CFPB Head

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, April 5, 2011. Treasury Secretary Tim Geithner said the administration is consulting with Congress on finding a director for the new Consumer Financial Protection Bureau that can win Senate approval. “We want to nominate someone who can be confirmed so […]

Bernanke Addresses Supervision of Financial Market Utilities

By J. Preston Carter, J.D., LL.M., Editor, Financial Privacy Law Guide, CCH Federal Banking Law Reporter, State Banking Law Reporter and Bank Digest; co-author, Dodd-Frank Wall Street Reform and Consumer Protection Act—Law, Explanation and Analysis, April 5, 2011. Fed Chairman Ben S. Bernanke addressed the operation and financial soundness of clearinghouses for payments, securities and […]

White House, Congress, Consulting on New CFPB Head

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, April 5, 2011. Treasury Secretary Tim Geithner said the administration is consulting with Congress on finding a director for the new Consumer Financial Protection Bureau that can win Senate approval. “We want to nominate someone who can be confirmed so […]

Treasury Slams Senate GOP Dodd-Frank Repeal Bill

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, April 4, 2011. The Treasury Department said Senate GOP legislation to repeal the Dodd-Frank Act was a “bold proposal” that offered no alternative other than a return to a system that brought the nation to the “brink of complete financial […]

Treasury Slams Senate GOP Dodd-Frank Repeal Bill

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, April 4, 2011. The Treasury Department said Senate GOP legislation to repeal the Dodd-Frank Act was a “bold proposal” that offered no alternative other than a return to a system that brought the nation to the “brink of complete financial […]

CCH® Medicaid — 4/04/11

Medicaid Medical assistance for Medicaid ineligible immigrants ended The Connecticut Supreme Court upheld a state law ending state-funded medical assistance for immigrants with less than five years’ residence in the United States, reversing an injunction entered by a trial court. In a class action brought by indigent immigrants legally residing in the U.S., the trial […]

Barofsky Urges Regulators to Move Beyond “Empty Rhetoric”

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, March 30, 2011. Outgoing Special Inspector General for the Troubled Asset Relief Program Neil Barofsky called for regulators to move beyond “empty rhetoric” in order to convince the markets that they are serious about ending the problem of too-big-to-fail. “Instead […]

Barofsky Urges Regulators to Move Beyond “Empty Rhetoric”

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, March 30, 2011. Outgoing Special Inspector General for the Troubled Asset Relief Program Neil Barofsky called for regulators to move beyond “empty rhetoric” in order to convince the markets that they are serious about ending the problem of too-big-to-fail. “Instead […]