On Friday, January 13, the United States Court of Appeals for the District of Columbia Circuit issued an order granting leave for PHH to file a supplemental response to the CFPB’s petit...
The following is the Davis Polk visual memorandum analyzing the Federal Reserve’s final rule on total loss-absorbing capacity (TLAC), eligible long-term debt (LTD) and clean holding com...
On Friday, in response to a question after delivering a speech, Fed Governor Jay Powell criticized the proprietary trading restrictions of the Volcker Rule. He was quoted in the press as...
Last week, the House of Representatives passed two bills and considered another that would dramatically expand Congress’s role in the oversight of agency rulemaking. Although we think t...
On December 22, 2016, the Federal Reserve released a staff paper on the implementation of the Volcker Rule and its impact on bond market liquidity, particularly in times of market stress....
On Thursday, December 22, PHH and the Solicitor General of the United States filed briefs in response to the CFPB’s petition for en banc review in PHH v. CFPB. As we have previously di...
With President-elect Donald Trump’s transition underway, speculation has been rife as to the impact of his Administration and a Republican-controlled Congress on a variety of issues, in...
The OCC’s proposed framework for granting special purpose national bank charters could hold significant promise by providing the benefits of federal preemption and a stable regulatory s...
Earlier today, the Consumer Bankers Association, the Credit Union National Association, the Independent Community Bankers of America and the National Association of Federal Credit Unions ...
On December 2, 2016, Comptroller of the Currency Thomas Curry announced the OCC’s proposed framework for granting limited purpose national bank charters to fintechs during an event host...
