Banking & Finance Law Overview
Banking & Finance Law Resources
Related Practice Areas
In the United States, banking and finance law applies to those individuals and institutions that lend or borrow money. Lenders typically include banks, leasing companies, finance companies and other financial institutions. Borrowers are individuals, corporations, institutions or the government. Because financial transactions touch a broad range of business activities, issues in banking and finance law often intersect with complex business, corporate and real estate law. Significant areas of banking and finance law also include bank regulation, loans, acquisition finance, real estate finance and international banking transactions.
Show Extended SummaryDockets 
- Wing v. Prosperity Education Institute
Utah District Court
Securities/Commodities/Exchanges
Filed: April 20, 2009
(April 19, 2009) - Wing v. Horn
Utah District Court
Securities/Commodities/Exchanges
Filed: April 20, 2009
(April 19, 2009) - Schulman et al v. Delaire
New York Southern District Court
Securities/Commodities/Exchanges
Filed: April 17, 2009
Plaintiff: Martin Schulman, Martin Schulman, Suzanne M. Schulman Defendant: Alvin J. Delaire
(April 16, 2009) - Anderson et al v. JPMorgan Chase Bank NA et al
Michigan Eastern District Court
Banks and Banking
Filed: April 17, 2009
Plaintiff: Robert Anderson, Arlene Anderson Defendant: JPMorgan Chase Bank NA, Washington Mutual, Peoples Choice Home Loans, Royal Mortgage
(April 16, 2009) - SECURITIES AND EXCHANGE COMMISSION v. WALKER YOUNG et al
Pennsylvania Eastern District Court
Securities/Commodities/Exchanges
Filed: April 17, 2009
Plaintiff: SECURITIES AND EXCHANGE COMMISSION; Defendant: DONALD ANTHONY WALKER YOUNG, ACORN CAPITAL MANAGEMENT, LLC, ACORN II, L.P., OAK GROVE PARTNERS, L.P., NEELY YOUNG and others...
(April 16, 2009)
Legislation 
- Bill Signed by President: H.R.1424 Emergency Economic Stabilization Act of 2008
To amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, and section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans.
October 03, 2008: Signed by President.
(October 1, 2008) - Bill Introduced: S.3677 Financial Crimes Accountability Act of 2008
A bill to establish a Special Joint Task Force on Financial Crimes.
(September 29, 2008) - Bill Introduced: H.R.6853 Nationwide Mortgage Fraud Task Force Act of 2008
To establish in the Federal Bureau of Investigation the Nationwide Mortgage Fraud Task Force to address mortgage fraud in the United States, and for other purposes.
(September 7, 2008) - Bill Introduced: S.3445 Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2008
An original bill to impose sanctions with respect to Iran, to provide for the divestment of assets in Iran by State and local governments and other entities, to identify locations of concern with respect to transshipment, reexportation, or diversion of certain sensitive items to Iran, and for other purposes.
(July 30, 2008) - Bill Introduced: S.3372 Saver's Bonus Act of 2007
A bill to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns.
(July 29, 2008)
Regulations 
- Rule - Freedom of Information Act Implementation
Federal Housing Finance Board
Rule
Freedom of Information Act Implementation
,
18623-18624 [E9-9424]
FEDERAL HOUSING FINANCE BOARD 12 CFR Part 910 FEDERAL HOUSING FINANCE AGENCY 12 CFR Part 1202 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Office of Federal Housing Enterprise Oversight 12 CFR Part 1703 RIN 2590-AA05 Freedom of Information Act Implementation AGENCIES: Federal Housing Finance Agency; Federal Housing Finance Board; Office of Federal Housing Enterprise Oversight. ACTION: Final rule; technical amendment. SUMMARY: On January 15, 2009, the Federal Housing Finance Agency (FHFA)... [read document]
View Document | Download PDF
(April 23, 2009) - Rule - Adoption of Updated EDGAR Filer Manual
Securities and Exchange Commission
Rule
Adoption of Updated EDGAR Filer Manual,
18465-18467 [E9-9314]
SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 232 [Release Nos. 33-9027; 34-59776; 39-2465; IC-28698] Adoption of Updated EDGAR Filer Manual AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Securities and Exchange Commission (the Commission) is adopting revisions to the Electronic Data Gathering, Analysis, and Retrieval System (EDGAR) Filer Manual to reflect updates to the EDGAR system. The revisions were made primarily to improve the Form D filing process. The... [read document]
View Document | Download PDF
(April 22, 2009) - Rule - Technical Amendments to Rules, Forms, Schedules, and Codification of Financial Reporting ...
Securities and Exchange Commission
Rule
Technical Amendments to Rules, Forms, Schedules, and Codification of Financial Reporting Policies,
18612-18619 [E9-9089]
Part II Securities and Exchange Commission 17 CFR Parts 210, 211, 229 et al. Technical Amendments to Rules, Forms, Schedules, and Codification of Financial Reporting Policies; Final Rule SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 210, 211, 229, 239, 240 and 249 [Release Nos. 33-9026; 34-59775; FR-79] Technical Amendments to Rules, Forms, Schedules, and Codification of Financial Reporting Policies AGENCY: Securities and Exchange Commission. ACTION: Final rule; technical amendment. SUMMARY:... [read document]
View Document | Download PDF
(April 22, 2009) - Proposed Rule - Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act
Securities and Exchange Commission
Proposed Rule
Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act
,
17925-17926 [E9-8977]
SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 248 [Release Nos. 34-59769, IA-2866, IC-28697; File No. S7-09-07] RIN 3235-AJO6 Interagency Proposal for Model Privacy Form Under the Gramm- Leach-Bliley Act AGENCY: Securities and Exchange Commission. ACTION: Proposed rule; reopening of comment period. SUMMARY: The Securities and Exchange Commission (``Commission'') is reopening the period for public comment on proposed amendments to Regulation S-P, which implements the privacy provisions of the... [read document]
View Document | Download PDF
(April 19, 2009) - Proposed Rule - Amendments to Regulation SHO
Securities and Exchange Commission
Proposed Rule
Amendments to Regulation SHO
,
18042-18113 [E9-8730]
Part II Securities and Exchange Commission 17 CFR Part 242 Amendments to Regulation SHO; Proposed Rule SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 242 [Release No. 34-59748; File No. S7-08-09] RIN 3235-AK35 Amendments to Regulation SHO AGENCY: Securities and Exchange Commission. ACTION: Proposed rule. SUMMARY: The Securities and Exchange Commission (``Commission'') is proposing amendments to Regulation SHO under the Securities Exchange Act of 1934 (``Exchange Act''). We are proposing two... [read document]
View Document | Download PDF
(April 19, 2009)
Government 
- Notice - Public Company Accounting Oversight Board: Chicago Board Options Exchange, Inc
Securities and Exchange Commission
Notice
Public Company Accounting Oversight Board:
Chicago Board Options Exchange, Inc.,
18762-18767 [E9-9388]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-59793; File No. SR-CBOE-2009-024] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of a Proposed Rule Change Related to Its Obvious Error Rules April 20, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 8, 2009, the Chicago Board Options Exchange, Incorporated (the ``Exchange'' or ``CBOE'')... [read document]
View Document | Download PDF
(April 23, 2009) - Notice - Public Company Accounting Oversight Board: NYSE Arca, Inc.
Securities and Exchange Commission
Notice
Public Company Accounting Oversight Board:
NYSE Arca, Inc.
,
18758-18761 [E9-9402]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-59790; File No. SR-NYSEArca-2009-32] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Implementing the NYSE Arca Realtime Reference Prices Service on a Permanent Basis April 20, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 15, 2009, NYSE Arca, Inc. (``NYSE Arca'' or the ``Exchange'') filed with... [read document]
View Document | Download PDF
(April 23, 2009) - Notice - Public Company Accounting Oversight Board: New York Stock Exchange LLC
Securities and Exchange Commission
Notice
Public Company Accounting Oversight Board:
New York Stock Exchange LLC
,
18755-18758 [E9-9387]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-59791; File No. SR-NYSE-2009-42] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Implementing NYSE Realtime Reference Price Service on a Permanent Basis April 20, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 16, 2009, the New York Stock Exchange LLC (``NYSE'' or the ``Exchange'')... [read document]
View Document | Download PDF
(April 23, 2009) - Notice - Public Company Accounting Oversight Board: Financial Industry Regulatory Authority, Inc
Securities and Exchange Commission
Notice
Public Company Accounting Oversight Board:
Financial Industry Regulatory Authority, Inc.,
18767 [E9-9386]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-59789; File No. SR-FINRA-2009-009] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving Proposed Rule Change To Adopt FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration) in the Consolidated FINRA Rulebook April 20, 2009. On March 3, 2009, the Financial Industry Regulatory Authority, Inc. (``FINRA'') (f/k/a National Association of Securities Dealers, Inc. (``NASD'')), filed... [read document]
View Document | Download PDF
(April 23, 2009) - Notice - Public Company Accounting Oversight Board: BATS Exchange, Inc.
Securities and Exchange Commission
Notice
Public Company Accounting Oversight Board:
BATS Exchange, Inc.
,
18767-18768 [E9-9370]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-59782; File No. SR-BATS-2009-009] Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to Fees for Use of BATS Exchange, Inc. April 17, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 14, 2009, BATS Exchange, Inc. (``BATS'' or the ``Exchange'') filed with the... [read document]
View Document | Download PDF
(April 23, 2009)
Articles 
- Wall Street's First Corporate Governance Crisis: The Panic of 1826
NBER Working Paper No. w14892 Eric Hilt Wellesley College - Department of Economics Date Posted: April 20, 2009 Last Revised: April 24, 2009
(April 23, 2009) - The Causes and Consequences of Securities Class Action Litigation
Brian Carson McTier and John K. Wald affiliation not provided to SSRN and University of Texas at San Antonio Date Posted: April 24, 2009 Last Revised: April 24, 2009
(April 23, 2009) - New Sources of Managerial Authority in Large Law Firms
Georgetown Journal of Legal Ethics, Vol. 22, No. 63, 2009, NYLS Legal Studies Research Paper No. 08/09 #28 Elizabeth Chambliss New York Law School Date Posted: April 18, 2009 Last Revised: April 24, 2009
(April 23, 2009) - Corporate Control and the Need for Meaningful Board Accountability
Minnesota Law Review, Forthcoming Michelle M. Harner University of Nebraska College of Law Date Posted: April 24, 2009 Last Revised: April 24, 2009
(April 23, 2009) - More Narrative, Less Arithmetic: Appropriately Assessing the Harm of White-Collar Financial Losses
Damon Brinson University of Minnesota - Twin Cities - School of Law Date Posted: April 24, 2009 Last Revised: April 24, 2009
(April 23, 2009)
News 
- Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing ...
Trading Markets (press release), CA
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ("Act") *1 and Rule 19b-4 thereunder, *2 notice is hereby given that on April 15, 2009, NYSE Arca, Inc. ("NYSE Arca" or the "Exchange") filed with the Securities and Exchange ...
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice ... Trading Markets (press release)
all 2 news articles
(April 23, 2009) - Tetragon Financial Group Limited: Dividend Announcement
PR Newswire (press release), NY
The securities of TFG have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), as amended, and may not be offered or sold in the United States or to US persons unless they are registered under applicable law ...
(April 23, 2009) - The Nielsen Company Announces $300 Million Debt Offering
MarketWatch (press release)
The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-US investors pursuant to Regulation S. The Notes will not be registered under the ...
(April 23, 2009)
Newsday
Pension Fund Says Quadrangle Didn't Disclose Paying Firm of ...
Wall Street Journal
The New York Attorney General and Securities and Exchange Commission charged last month that Mr. Morris was part of a scheme in which he and a former top official of New York State's pension fund gave investment firms access to the fund in exchange for ...
New York City votes to stop putting capital in Quadrangle fund Reuters
New York Probes Placement Agents; State Issues Ban Bloomberg
NY state, city crack down on pension investments The Associated Press
New York Times - New York Timesall 244 news articles
(April 23, 2009)- Notice to All Barclays Bank PLC - Preferred Series 5 ADR Investors ...
Earthtimes (press release), UK
The Securities Law Firm of Tramont Guerra & NĂșñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to assist you in determining whether you have a viable ...
(April 23, 2009)
Blog Posts 
- Threats And Secret Promises: Bank Of America's Merger With Merrill Lynch
Ken Lewis, Bank of America's CEO, has testified under oath to threats by former Secretary of the Treasury Hank Paulson to remove the Bank's Board of Directors and its management if the Bank didn't close its deal to acquire Merrill Lynch, and secret promises to support the Bank with federal funds if it did close the transaction. Those statements are contained in Lewis' deposition, portions of which were released yesterday by New York's Attorney General. Lewis testified that the financial...
(April 23, 2009) - Corresponding with Cornelius
Here are some of my recent comments on some other blogs or other websites that allow comments. Part of the new changes in the internet is the ability for readers to engage writers and other readers of their stories. I am happy to have you leave comments at Compliance Building. But if not here, take a look at what other people are saying. Join me in the conversation over there. The WSGR Term Sheet Generator: The Inexorable Creep of Document Assembly by Ken Adams of Adams Drafting Ken heaps...
(April 23, 2009) - Failure to Conduct Diligence Can Lead to SEC Sanctions
If you advertise that you have due diligence process, you had better follow that process. The Securities and Exchange Commission brought an administrative proceeding against an investment adviser for failing to follow its advertised due diligence program. The Hennessee Group promoted its process for evaluating and selecting hedge funds as the "Five Level Due Diligence Process." They represented to clients and prospective clients that they would not recommend investment in hedge funds that did...
(April 23, 2009) - Ken Lewis, BofA and the Fed Strong-Arm: Ten Questions
Bank of America's acquisition of Merrill Lynch went through, so we will (fortunately) never know what would have happened if the deal had collapsed. But as detailed in the April 23, 2009 letter (here) from New York AG Andrew Cuomo to Sen. Chris Dodd, Rep. Barney Frank and others, if it had been up to BofA, the deal would not have closed, and it was only as a result of a combination of threats and inducements from Henry Paulson and Ben Benanke that BofA and its Chariman, Kenneth Lewis, were...
(April 23, 2009) - EU Approves New Rules for Credit Ratings AgenciesSubmitted by: Subodh Mishra, Governance Institute
European Union lawmakers today approved new rules for credit ratings agencies designed to promote transparency and to help ensure such firms are free from conflicts of interest. The $5 billion-a-year ratings agency industry, led by Standard & Poor's and Moody's, has in recent months come under heightened scrutiny on both sides of the Atlantic for failing to adequately warn investors of risks underlying mortgage-backed securities tied to subprime loans. Under the new rules, firms seeking to...
(April 22, 2009)