Financial Fraud Law

Fraud Law Reports

Dodd-Frank Wall Street Reform and Consumer Protection Act Update

Thu, 05/30/2013 - 5:09pm

The following is an update of recent case law, news, and developments related to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted as a measure to promote financial stability and protection for consumers through increased regulation of nearly every aspect of the consumer finance industry. Already, the Dodd-Frank Act has led to significant industry reforms and the promulgation of numerous new laws and regulations. Yet the great weight of this sprawling legislation is yet to be seen. Read more

U.S. Federal Reserve Board Proposes Major Changes in How the U.S. Operations of Foreign Banks and Their Subsidiaries Are Supervised

Thu, 05/30/2013 - 4:54pm

This article discusses the Board of Governors of the Federal Reserve System’s proposed rules to heighten supervision of foreign banking organizations.

While several foreign banking organizations (“FBOs”) were restructuring their U.S. presence to reduce the impact of U.S. regulation, the Board of Governors of the Federal Reserve System (“Board”) recently countered with proposed rules pursuant to the Dodd-Frank Act (“DFA”) to heighten supervision of FBOs. Read more

Signs of Spring at the U.K.’s Serious Fraud Office: Challenges, Changes, and the Impact on Global Anti-Corruption Compliance

Thu, 05/30/2013 - 4:38pm

The authors argue that notwithstanding recent criticism of the U.K.’s Bribery Act enforcement, and subject to consideration of the geographic and operational scope of a company’s business, a robust global compliance program must give proper consideration to the Act. Read more

Blog

Banks Get 8 Failing Grades from Mortgage Settlement Monitor

Wed, 06/19/2013 - 11:12am

A report submitted by Joseph A. Smith, Jr., monitor of the national mortgage settlement, to the U.S. District Court for the District of Columbia shows eight failing grades for banks’ compliance with the settlement’s servicing rules.
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Debt Collection Agency Exec Admits Bribing Banker

Wed, 06/19/2013 - 10:08am

Last year, Richard and Peter Pinto pleaded guilty to one count of conspiracy to commit wire fraud, bank fraud, and money laundering and to one count of wire fraud stemming from a $10 million fraud scheme they executed while they were executives at Oxford Collection Agency.
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Steven Meyerowitz The laws, regulations, and issues surrounding financial fraud are some of the most important concerns to businesses and banking today.

Steven Meyerowitz has been blogging about these issues for the past several years. In Financial Fraud Law and in A.S. Pratt’s Financial Fraud Law Report, he has brought together some of the preeminent subject matter experts in the field. Mr. Meyerowitz is the editor-in-chief of the Financial Fraud Law Report and his Board of Editors and the contributors to this site are leading practitioners in the field of financial fraud law.

For nearly five years, Mr. Meyerowitz was an attorney for a prominent Wall Street law firm before founding Meyerowitz Communications Inc., a consulting company that works with some of the largest and most successful law firms in the country in the area of marketing communications law. Mr. Meyerowitz is also editor-in-chief of A.S. Pratt & Sons’ prestigious publication, The Banking Law Journal, as well as Pratt’s Privacy and Data Security Law Journal. He is a graduate of Harvard Law School.