Industry Reports Archive

OCC Revises Short-Term Investment Fund Rule https://www.occ.gov/news-issuances/federal-register/2020/nr-occ-2020-38-federal-register.pdf The Office of the Comptroller of the Currency (OCC) today announced an interim final rule to revise its short-term investment fund (STIF) rule for national banks acting in a fiduciary capacity. The rule allows the OCC to ...Read More

by Charles W. Prueter, Waller Not one aspect of public life has gone unaffected by the current COVID-19 crisis — not even the Supreme Court’s building operations or oral argument schedule. The Court has postponed the next batch of oral arguments scheduled for March 23-25 ...Read More

By Grant Premo Lawsuits alleging claims under the Telephone Consumer Protection Act (commonly referred to as the “TCPA”) have more than tripled since 2011. A recent decision by the Eleventh Circuit Court of Appeals, however, may stem the tide of TCPA claims.  On Jan. ...Read More

Question: Regarding CTRs, when there is an aggregated transaction, what are the requirements in order for the transaction to be considered an aggregated transaction?   Answer: The bank would report as an aggregated transaction only if, 1) the financial institution did not identify any ...Read More

by Charles Prueter, Waller On the first Tuesday in March, the Supreme Court will hear oral argument in a momentous case: Seila Law LLC v. Consumer Financial Protection Bureau, No. 19-7. Readers familiar with this piece of litigation will recall that the question here ...Read More

The 2020 Regular Session of the Alabama Legislature begins tomorrow at noon. This is the second regular session in the current four-year term for Alabama’s 140 legislators. Though representatives and senators return to Montgomery years away from their own re-election, the atmosphere remains somewhat ...Read More

by Charles W. Prueter, Waller The composition of the Supreme Court is a constant, if not primary, focus of political debates in this country. As a New York Times editorial put it in February 2012, “the makeup of the court for the next generation, ...Read More