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Ziegelmueller is an experienced trial lawyer who represents individual and corporate clients in federal criminal investigations, regulatory enforcement actions, civil litigation, and corporate internal investigations.
Schiff Hardin advised Wintrust Financial Corporation (Nasdaq: WTFC) on the successful completion of its acquisition of Chicago Shore Corporation, the parent company of Delaware Place Bank.
Schiff Hardin LLP has been singled out by corporate counsel as one of only 28 percent of law firms clients view as a BTI “Innovation Builder,” which recognizes firms that bring change to the legal market through new technology, services, strategies, or structures.
Schiff Hardin LLP is pleased to announce that 11 attorneys have been recognized on the 2018 New York Metro Super Lawyers list and two have been named Rising Stars.
In the context of regulation, there is no single number more important to a bank than its composite CAMELS rating.
Over the last few years, financial technology, commonly referred to as FinTech, has been used to describe a multitude of firms, activities, and capabilities for financial services.
The U.S. Commodity Futures Trading Commission (CFTC) recently announced its first use of non-prosecution agreements – in connection with three Citigroup employees accused of utilizing spoofing strategies.
Yesterday, the Financial Crimes Enforcement Network (FinCEN) announced the renewal of certain Geographic Targeting Orders (GTOs) that temporarily place specific anti-money laundering-related reporting requirements on U.S. title insurance companies.
Illinois Banker Magazine
The recent passage of the Financial CHOICE Act -- “Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs” (the “CHOICE Act” or the “Act”) – by the U.S. House of Representatives heralds the long anticipated repeal of certain material parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Earlier this month, the SEC published its Request for Comment on Possible Changes to Industry Guide 3 (Statistical Disclosure by Bank Holding Companies) (the Request).
In 1977, Congress passed the Community Reinvestment Act (“CRA”) to encourage banks and other financial institutions to meet the needs of the communities in which they operate, specifically those neighborhoods comprised primarily of low- and moderate-income populations.
Regardless of any potential Consumer Financial Protection Bureau (CFPB) overhaul, financial institutions that offer or provide products or services directly or indirectly to consumers still face challenges complying with consumer laws.
Higher valuations, improving multiples, more capital, and the potential for regulatory relief are all contributing to increased consolidation in the financial institutions market in 2017.
As valuations and capital increase as a result of the improving economy, institutions are busy assessing and preparing for capital needs.
On the heels of a new administration taking over, the renewed prospect for regulatory reform in financial services, and positive economic developments, growth is top of mind for many financial institutions.
Top 10 Issues Facing Financial Institutions in 2017
The more things change, the more they stay the same. Such is the case with the challenge of complying with the Bank Secrecy Act (BSA) and anti-money laundering (AML) and economic sanctions rules for financial institutions.
Cybersecurity is emerging as one of the most significant and potentially dangerous risk areas facing financial institutions.
Financial technology, commonly referred to as FinTech, describes many different things relating to financial services companies’ activities and capabilities.
Third party risk management continues to receive a heightened degree of attention from the regulatory community, especially the enforcement apparatus
Financial institutions also face challenges that are less prescriptive than others we have profiled in this series. One example is governance and culture.
On top of addressing general cybersecurity concerns, financial institutions must also minimize the risk of a data breach that could compromise customer financial or personally identifiable information.
On June 12, 2017, the U.S. Treasury released its first report on the Trump in response to Executive Order 13772, on the Administration’s Core Principles for Regulating the U.S. Financial System.