News & Analysis as of September 13, 2024

Federal Deposit Insurance Corporation › Legislative Agendas

+ Follow

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain... more +

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

Legal Issues, Problems, and Unanswered Questions Regarding a State’s Ability and Potential Departure from the Depository...

Lewis Roca on 3/26/2024

In 1980, Congress passed Public Law 96-221, called the Depository Institutions Deregulation and Monetary Control Act (“DIDMCA”), which, in part, allowed federally insured state banks, state credit unions, and state savings...more

Tying deposit insurance reform to reform of the tying of deposits

White & Case LLP on 10/5/2023

On March 10, 2023 the California Department of Financial Protection and Innovation ("CDFPI") closed Silicon Valley Bank ("SVB"), a California chartered, non-member bank. The CDFPI placed SVB into receivership and appointed...more

First Rescheduling, Now SAFE: Cannabis Reform Marches Forward

Foley Hoag LLP - Cannabis and the Law on 9/26/2023

Fresh on the heels of intense optimism over the Department of Health and Human Services’ recommendation that cannabis be rescheduled, another key federal reform is in motion. On September 27, 2023, the Senate Committee will...more

A Proposed New Failed Bank Clawback Act

Nelson Mullins Riley & Scarborough LLP on 6/5/2023

Currently, the FDIC has a limited ability to claw back executive compensation in the event of a bank failure. An unlikely combination of U.S. Senators, including Elizabeth Warren (D-MA), Josh Hawley (R-MO), and J.D. Vance...more

PWG Report on Stablecoins - Implications for the Regulatory Environment

WilmerHale on 11/16/2021

On November 1, 2021, the President’s Working Group on Financial Markets (PWG) - along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) - published the Report on...more

House of Representatives Passes Bill Aimed at Marijuana Industry Financial Reforms

The Volkov Law Group on 10/17/2019

A new bill that would make it easier for financial institutions to provide services to “marijuana-related businesses” has passed the U.S. House of Representatives 321-103 with strong bipartisan support....more

Financial Daily Dose 9.19.2019 | Top Story: Fed Cuts Rates Another Quarter percent

Robins Kaplan LLP on 9/19/2019

As pretty much expected, the Federal Reserve cut interest rates a quarter point again yesterday, its second cut since late July. Fed Chair Powell also indicated in remarks after the FOMC broke that a “‘more extensive’ series...more

Should the Financial Industry Be Detecting Future Mass Shooters?

Ballard Spahr LLP on 9/6/2019

The United States continues to be plagued by mass shootings, which appear to be increasing in both frequency and lethality. Certain businesses have reacted by adjusting their business models, such as the recent decision by...more

Lawmakers Question Regulators on Fintech Oversight

Manatt, Phelps & Phillips, LLP on 8/30/2016

What are federal regulators doing with regard to oversight of emerging financial technology? That question is at the heart of a letter Sens. Sherrod Brown (D-Ohio) and Jeff Merkley (D-Ore.) recently sent to the leaders of the...more

Washington Healthcare Update

McGuireWoods LLP on 3/22/2016

This Week: Medicaid program takes financial hits as the House looks for “savers” and acts on a budget... while the Senate sees no reason to do a budget... The Senate focuses on ACA oversight and mental health and opioid abuse...more

Individual Liability: What’s Behind The Headlines?

Morrison & Foerster LLP on 7/15/2014

It’s been open season on financial institutions since the 2008-2009 financial crisis (“Financial Crisis”). State and federal prosecutors and regulators are competing with each other for press coverage of their latest consent...more

Financial Services Legislative and Regulatory Update -- December 9, 2013

Mintz - Public Finance Viewpoints on 12/9/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - While the Senate was on recess, the House was in, but staffs from...more

12 Results

/

View per page

Page: of 1