June 4, 2024
To our clients and friends:
Today we published Volume 6 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers the Supreme Court’s decision on the CFPB’s funding mechanism, Congressional developments regarding custody of crypto assets, bank agency reports on key risks and supervisory priorities, state action limiting credit union-bank transactions, and impacts to sanctions compliance programs from new legislation and OFAC regulations.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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May 10, 2024
To our clients and friends:
Today we published Volume 5 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers federal policymakers’ comments on bank merger policy reform, CFPB supervisory actions and federal litigation involving fee practices, the FTC’s final rule on non-compete agreements, FRB enforcement focus on change in control documentation, and other developments at the state level related to credit union-bank tie-ups and the use of AI.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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April 18, 2024
To our clients and friends:
Jeff Cardone, Partner at Luse Gorman, recently authored an article for CEO Advisory Group titled “Dear Credit Unions: In this Challenging Environment, Careful Planning is Essential to Successfully Executing a Merger with Another Credit Union.” The article discusses keys to a successful credit union merger, including being united on key cultural and operational matters, having a thorough letter of intent and comprehensive merger agreement, and adequately planning for the regulatory approval process and member vote.
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April 8, 2024
To our clients and friends:
Today we published Volume 4 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers recent lawsuits at the federal and state level related to the Corporate Transparency Act and interest rate caps, the FDIC’s proposed revisions to its bank merger policy, federal and state regulations and guidance on overdraft and late fees, and other developments regarding bank regulator supervision and application processes.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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March 4, 2024
To our clients and friends:
Today we published Volume 3 of The Bankers’ Bulletin. You can find a copy of this edition here.
This volume covers a recent OCC action related to third-party risk management deficiencies, revisions to the CFPB’s supervisory appeals process, DoJ comments on redlining as a factor in its merger reviews, Vice Chair Barr’s statements regarding recent Fed enforcement and supervisory efforts, and other recent developments regarding merger review legislation and bank chartering.
If you have any questions related to any of the items covered in the Bulletin, please reach out to Brendan Clegg (bclegg@luselaw.com), Marc Levy (mlevy@luselaw.com), Agata Troy (atroy@luselaw.com), or your regular Firm contact. To learn more about our firm and services, please visit our website.
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