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Do National Banks Have to Pay Interest on Mortgage Escrow Accounts?

On Oct. 13, 2023 the U.S. Supreme Court granted certiorari in Cantero v. Bank of America, 49 F.4d 121 (2d Cir. 2022), allowing the Court to confront an unsettled issue of national concern: whether laws governing mortgage...more

Banks Have 36 Hours to Report Data Incident Starting May 1, 2022

On Nov. 18, 2021, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC) announced the approval of a final rule for...more

Emergency Requirements for Residential Mortgage Forbearance and Elimination of Fees

On March 24, 2020, the New York State Department of Financial Services issued an emergency regulation detailing the requirements applicable to New York State regulated institutions to provide certain financial relief during...more

New State Requirements and Federal Guidelines Impacting Financial Institutions

In response to the COVID-19 emergency disaster, New York Governor Cuomo has issued a series of emergency measures affecting New York State regulated or licensed banking entities....more

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