Senate Financial Reform Conferees Block N.Y. FRBank Proposal

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, June 18, 2010. House and Senate conference committee members continued work on financial reform legislation June 17, 2010, with Senate conferees blocking a proposal that would have made the head of the New York Federal Reserve Bank a presidential appointee, […]

Commission Grants Accelerated Approval For Circuit Breaker Rules

The SEC granted accelerated approval to proposed circuit breaker rule changes by several major exchanges. The exchanges proposed to amend certain of their rules or adopt new rules to provide for trading pauses in individual stocks for which they are the primary listing market when the price moves ten percent or more in the preceding […]

Company Must Discuss Off-Balance Sheet Securitizations

Harley-Davidson, Inc. Date: 3/12/10; 3/22/10; 3/30/10 SIC No.: 3751 Subject Filing: 10-K State: WI Accession No. (Staff Letter): 0000000000-10-013968; 0000000000-10-017144 Accession No. (Co. Letter): 0001193125-10-063300 The staff, upon reviewing the Form 10-K filed by Harley-Davidson, inquired further regarding the company’s disclosures related to certain off-balance sheet finance receivables securitization transactions. The staff noted that the […]

DOJ Official Discusses Federal Enforcement and Corporate Compliance

The Assistant U.S. Attorney for the Southern District of New York (“SDNY”), Marc Litt, described this period in time as an era of heightened enforcement for the Department of Justice (“DOJ”). In a presentation at the Practicing Law Institute 2010 Corporate Compliance and Ethics Institute held in New York City on June 10, 2010, Litt […]

IP and Computer Law – June 2010

From the editors of Wolters Kluwer Law & Business, this update describes important developments from CCH and Aspen Publishers intellectual property and computer law publications. If you have any comments or suggestions concerning the information provided or the format used, we’d like to hear from you. Please send your comments to john.arden@wolterskluwer.com. COPYRIGHTS “First Sale” […]

Financial Reform Conferees Hold First Public Meeting

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, June 10, 2010. House and Senate conferees opened their first public meeting on H.R. 4173, the Restoring American Financial Stability Act of 2010, with Republicans complaining of being shut out of the negotiating process. Senate Banking Committee Ranking Member Richard […]

Benefits Update – June 2010

From the editors of CCH’s BENE and BAN products, here are hot topics from recent Employee Benefits Management Directions newsletters as well as recent explanatory updates in Employee Benefits Management. Also included are recent explanatory updates to the Benefits Answers Now product. If you have any comments/suggestions concerning the information provided or the format used, […]

Senate Conferees to Financial Reform Bill Named

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, May 25, 2010. Twelve senators have been named as conferees to the conference committee on H.R. 4173, the broad overhaul of financial regulation the Senate passed last week, which now has to be reconciled with legislation approved by the House […]

Frank Says Lincoln Derivatives Proposal “Goes Too Far”

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, May 25, 2010. House Financial Services Committee Chairman Barney Frank, D-Mass., said a proposal within the Senate financial reform bill from Senate Agriculture Committee Chairman Blanche Lincoln, D-Ark., that would force banks to spin off their derivatives trading activities, “goes […]

Senate Adopts Financial Reform Legislation

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, May 21, 2010. After three weeks of debate, the Senate voted 59 to 39 May 20, 2010, in favor of a vast overhaul of financial regulation aimed at preventing a repeat of the 2008 financial crisis. The bill now has […]