By Neil Bloomfield and Kristina Whittaker. Operational risk is a continuing and increasing focus of the Office of the Comptroller of the Currency, and, as a result, it needs to be a greater priority of the institutions it regulates. The…
Blog Posts
From “Where Were the Lawyers?” to “Where Have the Lawyers Gone?”
Colleagues, I hope you are enjoying your summer and have had or are planning a break. Summer breaks help us maintain a healthy balance of rest and work.
Parting the Waters of Uncertainty for Private Flood Insurance
By Elena F. Mitchell, Barbara S. Meeks, and Neil T. Bloomfield*
The Time Is Now to Prepare for Congressional Inquiries from a Democrat-Led House
The article titled “The Time Is Now to Prepare for Congressional Inquiries from a Democrat-Led House,” written by Charlotte Members Neil Bloomfield and Edward O’Keefe, and Associate Elena Mitchell, was published and first appeared in the March 4, 2019 edition…
When Someone Shows You Who They Are, Believe Them the First Time:* What a Blue Wave in the House Likely Means for Financial Institutions
By: Edward P. O’Keefe, Neil T. Bloomfield, and Elena F. Mitchell. Elections have consequences and the recent midterm elections are no exception. Having won the House majority, Democrats are expected to proceed with an ambitious agenda in January 2019. Much…
SEC Issues Disclosure Guidance as Part of Continued Focus on Cybersecurity
As cybersecurity attacks have continued to gain prominence as a threat posing critical risk management and compliance challenges for financial institutions, the Securities and Exchange Commission (SEC) has emerged as an active federal regulator in this arena. In September 2017,…
TRUMP SUPREME COURT PICK, BRETT KAVANAUGH, COULD PLAY ROLE IN RESHAPING MAJOR SECURITIES FRAUD ENFORCEMENT TOOL
By Mark Nebrig and Fielding Huseth. No one doubts that Judge Brett Kavanaugh, President Trump’s pick for the Supreme Court, would have an impact on the court’s jurisprudence if confirmed. For financial services and publicly-traded companies, as well as those that support…
Will Congress Clarify Regulation of Marijuana-Related Business?
By John Han and Katherine Lamberth. President Trump piqued the interest of participants in and observers of the marijuana industry when he stated in early June that he would “probably” support recently proposed bipartisan legislation aimed at removing the federal…
Caution: Costs of Investigations into Employees’ Fraud are No Longer Recoverable under the Mandatory Victims Restitution Act
By Kim Cochran[1] and Frank Schall In a decision with far-reaching implications for corporate victims of fraud, the U.S. Supreme Court recently held that the Mandatory Victims Restitution Act of 1996 (MVRA) does not entitle victims of certain federal offenses, including…
Task Force on Market Integrity and Consumer Fraud
By John Fagg, Nader Raja, and Kristen Kenley. On July 11, 2018, pursuant to a Presidential Executive Order, the Department of Justice announced the formation of a new multi-agency task force on Market Integrity and Consumer Fraud that will focus…