Topic: Banks

JD Supra Corporate Brief: FATCA Update, Whistleblower Dilemna, European Data, Foreign Banks

Great moments in IP history: on this day in 1794, Eli Whitney is granted a patent for the cotton gin. What to make of news that Sonos will ‘forward-publish’ patents? Depends on whom you ask… (JD Supra Contributors) This should be the last substantial change to FATCA before it goes into effect… (Skadden Arps) The… Read more »

The CFPB In Numbers: 3 Years, 35 Enforcements, 300,000 Complaints, And Plenty of Lessons…

“The CFPB’s permit is vast. It has supervisory authority over banks, thrifts and credit unions with over $10 billion in assets, as well as many nonbank consumer financial services providers, such as mortgage lenders and servicers, student lenders and servicers, payday lenders and certain participants in the debt collection and consumer reporting markets.” From attorney… Read more »

JD Supra Corporate Brief: Cyber Attacks, Patent Eligibility, Proxy Voting, Dodd-Frank

You’ve got mail! Or rather, you WOULD have mail if you signed up for email delivery of the JD Supra Corporate Brief… Is your IT security keeping up with increasingly complex and sophisticated cyber attacks? (Bertrand Liard and Agathe Malphettes at White & Case) Wonder if your subject matter is patent eligible? Check the new… Read more »

JD Supra Corporate Brief: M&A Jargon, Conflict Minerals, European Technology, Trade Secrets

On the day in 1946, Winston Churchill coined the phrase “Iron Curtain” in a speech delivered at Westminster College in Fulton, Missouri. The M&A Word of the Day? PIPE (Martin Saywell at Latham & Watkins) Is the SEC’s Conflict Minerals rule just the beginning of “conflict sourcing” laws? (Chesley Blevins, Arcie Jordan, and Doug Paisley… Read more »

Feds To Banks: We Probably Won’t Bother You For Taking Marijuana Money…

“Although the guidance pursued an admirable goal, it fell remarkably short.” (Steven Eichorn) Earlier this month, the Financial Crimes Enforcement Network (FinCEN) and the Department of Justice issued guidance intended to clarify the rules for banks that wish to provide financial services to legal marijuana businesses. The background, from attorneys Jay Baris and Oliver Ireland… Read more »

JD Supra Corporate Brief: Marijuana Industry Banks, Moldy Washing Machines, Deferred Prosecution Agreements, Foreign Sanctions Evaders

Go ahead, sign up for email delivery of the JD Supra Corporate Brief. It is Tuesday, after all… The bottom line? Banks should think twice before doing business with a marijuana-related business… (Jay Baris and Oliver Ireland at Morrison & Foerster) Injury or no injury, consumers are free to join class action lawsuits against Whirlpool… Read more »

JD Supra Corporate Brief: Europe’s Volcker Rule, 2104 Proxy Season, Ohada Commercial Code, Shareholder-Director Communication

On this day in 1937, General Motors recognized the United Auto Workers, ending a sit-down strike that began more than a month earlier. A Volcker Rule for Europe? In the works… (White & Case) Are you ready for the 2014 proxy season? (James Barrall and Steven Stokdyk at Latham & Watkins) Seven tips for complying… Read more »

It’s Getting Harder And Harder To Find A Good Tax Haven These Days. Because FATCA…

Used to be, if you wanted to hide assets from US tax authorities, you’d open a Swiss bank account and be done with it. Not anymore: last year, more than 100 of Switzerland’s banks agreed to disclose all American-held accounts to the IRS last year to avoid accusations of aiding tax evaders (and the hefty… Read more »

JD Supra Corporate Brief: Annual Meetings, SEC Priorities, Information Governance, Trade Disputes

The beginning of the end: 24 years ago today, the Central Committee of the Soviet Communist Party agrees to give up its monopoly on power. Getting ready for year-end SEC filings and the 2014 annual meeting? Read this first… (Megan Gates and Pamela Greene at Mintz Levin) 2014 priorities for the SEC’s investigation arm: fraud,… Read more »

JD Supra Corporate Brief: Whistleblower Program, Social Media, Activist Investors, Privacy Policies

If there’s a better way to celebrate National Croissant Day than a stop at the bakery on your way into the office, we sure can’t think of it… Momentum is building for the SEC’s Dodd-Frank whistleblower program… (Daniel Dunne, Susanne Klaric, Renee Phillips, and Paul Rugani at Orrick) Do you provide social media training to… Read more »

JD Supra Corporate Brief: Global Antitrust, Data Security, Job Candidates, Iran Sanctions

Whatever the weather, the JD Supra Corporate Brief will keep you warm and dry: Here’s a look at global trends in M&A antitrust enforcement… (Skadden Arps) The federal “Data Security Act” would preempt all state laws related to data security and notification requirements… (Travis Wall at Barger & Wolen) “OK, now let’s see if she’s… Read more »

JD Supra Corporate Brief: Proprietary Trading, Employee Training, Bazaarvoice Acquisition, Legal Marijuana

How do we celebrate Friday? Hot coffee, cheese danish, and a double-shot of the JD Supra Corporate Brief: Here’s a comprehensive look at the restrictions on bank proprietary trading in the Volcker Rule… (Maureen Donley, Stacy Kanter, and Laura Kaufmann Belkhayat at Skadden Arps) Why train employees on how to avoid sexual harassment and other… Read more »

JD Supra Corporate Brief: JPMorgan Fine, Volcker Rule, Computer Fraud, Nondiscrimination Tests

Pity the lowly Thursday, sandwiched between Hump Day and TGIF, the day everyone wants to get through so they can start the weekend. But Thursday it is – until tomorrow at least – and that means another JD Supra Corporate Brief: JPMorgan has agreed to pay more than $2 billion for its role in Bernie… Read more »

JD Supra Corporate Brief: China Antitrust, EPA Updates, Ethics Lessons, Japanese Mushrooms

Sign up for email delivery of the JD Supra Corporate Brief. It’s as easy as click, type, send… Here’s an excellent overview of antitrust and competition law enforcement in China last year… (Simon Baxter, Frederic Depoortere, David Foster, and Sharis Pozen at Skadden Arps) Three ways the EPA is celebrating the New Year… (Corporate Law… Read more »

JD Supra Corporate Brief: SEC Enforcement, eDiscovery Trends, Leadership Traits, Big Data

On this day in 1942, Henry Ford patents a plastic automobile. The SEC has promised to get tough on enforcement. This is what it might look like… (Thomas Gorman at Dorsey & Whitney) Nothing happens independently. Everything is tied to something before it… (Josh Beser at JD Supra Perspectives) 5 eDiscovery Trends to Watch in… Read more »