First Tennessee Bank admitted to originating and underwriting loans that were not eligible for Federal Housing Administration insurance.
MasterCard today said that not enough MasterCard-issuing banks accepted the proposed $19 million settlement with Target by the May 20 deadline.
Last month, we advised readers that a Texas federal district court had enjoined the Department of Labor from enforcing its FMLA same-sex spouse rule in Texas, Arkansas, Louisiana and Nebraska. DOL’s final rule change updated the regulatory definition of “spouse” in the Family and Medical Leave Act in keeping with the U.S. Supreme Court‘s ruling in United States v. Windsor.
The deadline for MasterCard-issuing banks to determine whether they will accept the network’s $19 million settlement with Target related to losses from Target’s 2013 data breach is Wednesday, May 20.
ABA will hold a free webinar on preparing for the rollout of the .bank domain on Tuesday, May 26, from 1-2 p.m. EDT.
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.
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
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.
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.
The Securities and Exchange Commission voted 3-2 yesterday to propose a rule requiring new disclosures concerning companies’ executive compensation.