Financial Services Blog
- Blog: Waller Law BlogMajor tax changes in draft reconciliation billPosted on September 15, 2021 by These provisions are subject to ongoing negotiations, and some are more likely to pass than others.
- Blog: Financial Services PerspectivesProperty Insurance Claims and Loss Drafts: Mortgage Servicer Obligations Under the GSE Security InstrumentPosted on September 13, 2021 by Heather Howell WrightAs homeowners file insurance claims for property damage following Hurricane Ida and with Hurricane Larry threatening the northeast coast, mortgage servicers are facing an influx of insurance proceeds or loss draft funds. To avoid borrower litigation and to protect against potential liability to borrowers and investors, mortgage servicers must ensure that all loss draft activities...
- Blog: NextGen Financial Services ReportAn Enhanced Standard of Commercial Reasonableness for Security Procedures? The FFIEC Updates Its Authentication Guidance for Internet-Based Financial ServicesPosted on September 2, 2021 by Scott R. Fryzel, Lindsay S. Henry and Lauren E. QuigleyOn August 11, 2021, the Federal Financial Institutions Examination Council (the “FFIEC”) issued new guidance on risk management principles for access to and authentication of electronic funds transfers for the first time in over a decade, titled Authentication and Access to Financial Institution Services and Systems (the “New Guidance”). The New Guidance effectively replaces the FFIEC’s prior guidance on this...Continue Reading…
- Blog: Antitrust UpdateFirm Attorneys Author “Trends in Class Certification” Chapter in GCR’s US Courts Annual Review Posted on July 19, 2021 by William F. Cavanaugh, Jr., David Kleban, Jonathan HermannThe past decade has witnessed significant development in class action certification standards in the antitrust context, and the past year has been no exception. Questions of predominance continue to be at the forefront, although the numerosity requirement has also been put to the test. This chapter places these issues of class certification in context by [...]
- Blog: The Business Law BlogAmendments to the Business Corporations Act Permit Virtual Meetings in
British ColumbiaPosted on June 1, 2021 by Stuart D. Breen, Michael Li, Chat Ortved, Jagdeep S. Shergill, Jacqueline
WilmottVirtual shareholder meetings have become ubiquitous for both public and private companies since the onset of the COVID-19 pandemic. Canadian securities regulators, stock exchanges and federal and provincial governments quickly responded to accommodate electronic meetings where it was otherwise not permitted. In British Columbia, Ministerial Order No. M116 was ...
- Blog: Banking Law UpdateFinancial Institutions . . . In the NewsPosted on December 8, 2020 by James I. CohenThe Consumer Financial Protection Bureau has Wall Street and banks concerned that stronger oversight will take place under President-elect Biden’s term as President. (PPH 12.8.2020) Beginning 2021, Machias Savings Bank will put their leadership restructuring plan into effect. (The County 12.3.2020) Regulatory approval of the Kennebec Savings Bank and Kennebec Federal Savings has been granted. [...]