Legal

Gruenberg Sees Declines in FDIC D&O Claims

Professional liability claims by the FDIC against bank directors and officers peaked in 2013 and are expected to decline further, FDIC Chairman Martin Gruenberg told a conference of bank directors today.

Read More »

FinCEN Spotlights Victories Triggered by BSA Reports

Responding to industry concerns that their Bank Secrecy Act reporting goes unread or unused, the Financial Crimes Enforcement Network yesterday spotlighted six law enforcement cases in which prosecutors made effective use of BSA data to win. The inaugural Law Enforcement Awards were conceived as a way to show financial institutions that their reports are not “going into a black hole,” FinCEN ...

Read More »

Federal Contractors Must Continue to Post Union Rights Notice

On May 7, the federal District Court for the District of Columbia rejected a challenge by the National Association of Manufacturers et al. to the Department of Labor rule requiring federal contractors to post a notice of employee rights under the National Labor Relations Act. DOL’s rule took effect on June 21, 2010, but was challenged in this lawsuit.

Read More »

ABA, Groups: Businesses Need Patent Reform

Financial institutions and other businesses need protection from abusive patent trolls, ABA and several trade groups said in a statement for the record for a Senate Judiciary Committee hearing yesterday.

Read More »

ABA, Financial Groups Caution on Patent Troll Bill

​Patent troll legislation currently before the House Energy and Commerce Committee does too little to protect banks and other businesses from abusive patent infringement claims, ABA and several other trade groups said yesterday.

Read More »