Webinar to Cover Registration Process for .bank Domains
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.
Browsing: 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.
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
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.
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.
SEC Proposes New Executive Compensation Disclosure Requirements
The Securities and Exchange Commission voted 3-2 yesterday to propose a rule requiring new disclosures concerning companies’ executive compensation.
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.
Does the Business Judgment Rule Apply to Bank Directors?
A novel legal take by the FDIC to bank board decision-making could make it much harder to find qualified bank directors.
Changes in Overtime Exemption Standards
Forthcoming regulations may cause many employees to be reclassified to non-exempt status—with a particularly significant impact on the banking industry.
PTAB Invalidates Two Check-Imaging Patents
Two patents for check-imaging processes that were being asserted against banks have been invalidated.