Banking Report Index-Summary

NATIONAL BANKS

– Preemption

– – Dugan challenges Congressional Oversight Panel recommendation to roll back some federal supersession of state laws, 92:374
– – Loan practices, OCC uses federal regulations to shield institutions from investigation and enforcement actions by N.Y. authorities (U.S., rev grant), 92:200; (oral arg), 92:1044; strategy and tactics state AGs will use to seek documents from banks to change in aftermath of decision, 93:25; (aff and rev), 93:25

– Senior unsecured debt guaranteed under TLGP, issuers do not have to register that debt with OCC, 92:269
– State and local government, state AGs call on Obama administration to restore state authority over lending, 92:606
– Trading and derivatives activities, OCC report, first quarter 2009 net credit exposure decreases, 92:1470
– Trusts, OCC letters affirm broad preemption of state laws imposing conditions on fiduciary services, 92:85

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)

– Appointments and personnel changes

– – Love named director of E&I Office, 92:384
– – Matz nomination to head board receives Senate approval, 93:285

– Regional assignments, Nev. institutions reassigned to Region I and Alaska institutions reassigned to Region II, 92:82

NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATIONS (NRSROs)

See generally CREDIT RATING

NCUA

See NATIONAL CREDIT UNION ADMINISTRATION (NCUA)

NEBRASKA

– Failed banks, Sherman County Bank, state regulators close bank, 92:431

NETHERLANDS

– Bailouts

– – Fortis Bank and ABN AMRO, EU antitrust regulators raise doubts about terms for nationalization, 92:900
– – ING debt transfer, European Comm'n to scrutinize scheme to deal with toxic assets, 93:540

NEVADA

– Bankruptcy, Silver State Bancorp files for Chapter 7 relief, 92:72
– Credit unions

– – Community One Federal Credit Union reopens under banner of America First Federal Credit Union, 93:347
– – NCUA reassigns institutions to Region I, 92:82

– Failed banks

– – Community Bank of Nev., FDIC takes control of troubled institution, 93:313
– – First Natl. Bank of Nevada

See First National Bank of Nevada, this heading

– – Security Savings Bank, FDIC named as receiver after state regulators close institution, 92:495

– First National Bank of Nevada

– – Construction loans, FDIC forms 2 private-public partnerships to handle assets held by failed bank, 92:495
– – Mortgages, PNMAC Capital Mgmt. (PennyMac) buys FDIC residential loan portfolio as receiver, 92:78

– Foreclosure, governor takes action on 4 measures aimed at addressing state crisis, 92:1325

NEW JERSEY

– Data security

– – Heartland Payment Sys., 2 banks file putative class action complaints to recoup cost of replacing compromised credit and debit cards (D.N.J.), 92:443; Heartland Payment Sys. faces $32M in pretax expenses related to data breach, 93:282
– – Liability, state lawmakers seeking to expand data breach liability provisions and to restrict use of customer data by banks, 92:265

– Electronic funds transfer privacy law covers ordinary bank accounts (N.J.), 92:827
– Failed banks, First BankAmericano, state authorities close institution, 93:224

NEW YORK

– Auction rate securities, Cuomo reaches conclusive agreements with Credit Suisse and Merrill Lynch, 93:66
– Bank supervision, Park Avenue Bank, FDIC and state enter into cease and desist order requiring improvement of capitalization and underwriting standards, 92:384
– Campaign financing, state comptroller bans investment advisers from making certain political contributions, 93:582
– Consumer protection

– – Nationwide Asset Servs. must post performance bond before doing business in state (N.Y. Sup. Ct.), 93:744

– Consumer protection, bank regulator proposes extending state budget planner laws to debt settlement firms, 92:1166; N.Y. bank regulator proposes extending state budget planning laws to debt settlement firms, 92:1166; Cuomo shuts down Emanee Development and Dial Tech for alleged violation of state and federal rules, 92:1276
– Counterfeit checks, group of 18 defendants charged with operating identity theft ring using information obtained from bank tellers (N.Y. Sup. Ct.), 92:1273
– Data security, state lawmakers considering new restrictions and obligations on use of customer information by banks and other financial institutions, 92:265
– Executive compensation, Cuomo investigation of Merrill Lynch acquisition by Bank of America

See MERGERS AND ACQUISITIONS

– Failed banks, Waterford Village Bank, state regulators close entity and name FDIC receiver, 93:186
– Foreign banks, China Construction Bank to receive banking license for N.Y. branch, 92:521
– 401(k) plans, AmEx target of ERISA class action suit alleging material misrepresentations and omissions regarding health of stock (S.D.N.Y.), 92:87
– HOPE for Homeowners program, lending institutions regulated by state may legally refinance home loans under FHA plan to aid distressed homeowners, 92:1053
– International Economic Emergency Powers Act, Lloyds TSB Bank to pay $350M to resolve charges of covering up prohibited transactions by Iranian and Sudanese clients, 92:83
– Mortgages

– – AFG Financial Group, indictment alleges conspiracy exceeding $100M (N.Y. Sup. Ct.), 93:80
– – Discrimination, Cuomo announces 2 settlement agreements and launch of another suit involving allegedly higher fees for minority borrowers, 92:84
– – Lien renewal judgments not retroactive under state law (N.Y.), 92:1173
– – New Home Valuation Protection Code, FHFA and Cuomo revise agreement on tougher appraisal standards for loans backed by Fannie Mae and Freddie Mac, 92:10

– Retirement, N.Y.C. pension funds open to role in government plan to rescue distressed assets, comptroller says, 92:386
– Secured creditors, banks doing business in state could be ordered to turn over assets held by judgment debtors even if assets held outside of state (N.Y.), 92:1497
– State and local taxes, foreign holding companies with interests in firms doing business in state subject to state tax, appeals board rules, 93:144
– Subchapter S corporations, resident owners subject to state taxes despite federal protection, state agency says, 92:138
– Sustainable lending practices, state official tells panel that creative use can increase banking opportunities and profits, 92:1211
– Tax shelters, SILO and LILO transactions, Altria tax refund claim rejected (S.D.N.Y.), 93:82
– Taxation

– – Investment tax credits, state agency explains legislative revisions to financial services industry, 92:434
– – Mortgages, tax credit for first-time home buyers, state residents to be eligible for federal income tax credit under mortgage credit certificate program, 93:342
– – Subchapter S corporations, resident owners subject to state taxes despite federal protection, state agency says, 92:138

NGOs

See NONGOVERNMENTAL ORGANIZATIONS (NGOs)

NONBANK FINANCIAL INSTITUTIONS

– Deposit insurance, lawmakers consider expanded FDIC authority to “unwind” certain firms, 92:666; Bair calls for authority to resolve failing nonbank firms, 92:786; banking group opposes proposal to give FDIC authority to resolve failing financial firms, 92:915; FDIC calls for expansion of authority to include systemically critical institutions, 92:976
– Mortgages

– – Consumer protection, FTC to ask stakeholders for input on rulemaking, 92:810
– – Multistate exams for lenders, state regulators adopt nationwide protocol for information sharing and coordination, 93:332
– – Transaction reporting requirements, FinCEN seeks comment on plans to expand rules to certain lenders and originators, 93:122

– Resolution authority, Geithner unveils risk management plan, 92:728
– Subsidiaries of bank holding companies and foreign banking organizations, FRB expands consumer protection role, 93:497

NONGOVERNMENTAL ORGANIZATIONS (NGOs)

– CBA president Belew dies, 92:71; CBA names former SIFMA executive Hunt to succeed Belew, 92:1115
– Financial Servs. Roundtable, Hershey as regulatory reform lobbyist, In Brief, 92:1491
– Morin Ctr. for Banking and Financial Law, Whiting elected chair, In Brief, 92:1327
– NADCO announces small business lending awards, In Brief, 92:1170
– Roundtable Technology Group formed by merging FSTC and Financial Servs. Roundtable, 92:1324

NORTH CAROLINA

– Failed banks

– – Cape Fear Bank, state officials close institution and name FDIC as receiver, 92:873
– – Cooperative Bank, state regulators close institution, 92:1424

– Foreclosure prevention, N.C. governor signs measure aimed at protecting homeowners, 93:446

NORWAY

– Equity instruments, new law to restructure regulations governing savings banks, 92:160

NRSROs (NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATIONS)

See generally CREDIT RATING