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Inflation Reduction Act
Opt-Out Election for AOCI Under Basel III Approaches
The beginning of 2015 marked the implementation of Basel III for community banks including the changes to required capital ratios. Although community banks have been preparing for the implementation for months, one of the first official mile markers relates to...
Assets in Foreign Branches Off Limits to Domestic Judgment Creditors
New York’s high court announced last week that banking institutions with branches in New York are shielded from judgment creditors attempting to collect on customer assets held at foreign branches of the same bank. Specifically, the New York Court of...
.bank and Other Domain Names to Open for Financial Institutions... And Others
The governing body that administers the domain name space, the Internet Corporation for Assigned Names and Numbers (ICANN), is in the process of vastly expanding the number of top level domain names (like .com and .net) from less than thirty...
D.C. Federal Court Upholds DOL 2010 Flip-Flop on Exempt Status of Mortgage Loan Officers Under FLSA
Revised Ruling Awards Overtime to Loan Officers; May Affect More Than 250,000 Employees Nationwide Employers: beware when relying on Department of Labor Wage and Hour Division Opinion Letters. Even better, don’t rely on them. In the latest in a series...