Obama Seeks $30 Billion to Revive Community Bank Lending

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 28, 2010. President Obama said he is proposing to take $30 billion in funds repaid by Wall Street banks and channel it to community and smaller banks so they can give small businesses the credit they need to stay […]

Bernanke Reconfirmed as Fed Chairman

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 28, 2010. Federal Reserve Board Chairman Ben Bernanke has been confirmed by the Senate for a second four-year term as head of the central bank. The final vote was 70 to 30. During debate on the Senate floor prior […]

Agencies Finalize Regulatory Capital Standards Rule

Reprinted from the CCH Federal Banking Law Reporter, Jan. 27, 2010. The federal banking and thrift regulatory agencies have finalized a risk-based capital rule related to the Financial Accounting Standards Board’s adoption of Statements of Financial Accounting Standards Nos. 166 and 167. These new accounting standards make substantive changes to how banking organizations account for […]

Geithner Defends AIG Rescue Decisions

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 27, 2010. Treasury Secretary Tim Geithner defended the government’s decision to rescue American International Group, Inc. (AIG), and stressed that he played no role in the Federal Reserve Bank of New York’s decision regarding disclosure of payments to AIG […]

Mixing Target Date Funds May Harm Portfolio

By Gregg D. Killoren, J.D., CCH State Banking Law Reporter, Bank Digest and Individual Retirement Plans Guide, Jan. 26, 2010. Plan participants who invest in target date funds along with other funds could end up with a potentially inferior portfolio in terms of risk/return tradeoff, according to a study published by the Employee Benefit Research […]

White House Seeks Additional Bank Restrictions

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 21, 2010. The White House announced Jan. 21, 2009, that it is proposing additional financial regulatory reforms aimed at reducing risk and preventing further concentration in the financial system. “While the financial system is far stronger today than it […]

Agencies Finalize Rules on Risk-Based Pricing Notices

Reprinted from the CCH Federal Banking Law Reporter, Jan. 20, 2010. The Federal Reserve Board and the Federal Trade Commission have finalized rules that generally require a creditor to provide a consumer with a notice when, based on the consumer’s credit report, the creditor provides credit to the consumer on less favorable terms than it […]

Fed Seeks Full GAO Review of AIG Involvement

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 19, 2010. Federal Reserve Board Chairman Ben Bernanke said the Fed would welcome a “full review” by the Government Accountability Office of all aspects of its involvement in extending credit to American International Group (AIG), Inc. In a January […]

IP and Computer Law – January 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 Criminal Antipiracy […]

Staff Reverses Position on Livestock Antibiotics Proposals

The SEC’s Division of Corporation Finance has reversed its earlier view that Tyson Foods, Inc. may omit a shareholder proposal relating to the use of antibiotics in raising livestock. The staff initially advised that Tyson could omit the proposal from its proxy materials in reliance on the ordinary business exclusion. However, after reconsideration, the staff […]