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 
- Securities and Exchange Commission v. Watermark Financial Services Group, Inc. et al
New York Western District Court
Securities/Commodities/Exchanges
Filed: May 15, 2008
Plaintiff: Securities and Exchange Commission; Defendant: Watermark Financial Services Group, Inc., Watermark M-One Holdings, Inc., M-One Financial Services, LLC, Watermark Capital Group, LLC, Guy W. Gane, Jr. and others...
(May 14, 2008) - Austin Bank Texas N A v. Bowden
Texas Eastern District Court
Banks and Banking
Filed: May 15, 2008
Plaintiff: Austin Bank Texas N A; Defendant: C Hugh Bowden
(May 14, 2008) - Reed v. NCO Portfolio Management et al
Michigan Eastern District Court
Banks and Banking
Filed: May 15, 2008
Plaintiff: Ulysses Reed Defendant: NCO Portfolio Management, Citibank, 36th District Court
(May 14, 2008) - Allison v. Kopnisky et al
Massachusetts District Court
Securities/Commodities/Exchanges
Filed: May 14, 2008
Plaintiff: Andrew Allison; Defendant: Jack L. Kopnisky, Peter B. Tarr, Anne P. Bowen, John A. Hupalo, Sandra M. Stark and others...
(May 13, 2008) - Securities and Exchange Commission v. McKnight et al
Florida Southern District Court
Securities/Commodities/Exchanges
Filed: May 14, 2008
Plaintiff: Securities and Exchange Commission Defendant: Gregory N. McKnight, Legisi Holdings, LLC, Legisi Marketing, Inc., Lido Consulting, LLC, Health Body Nutraceuticals and others...
(May 13, 2008)
Legislation 
- Bill Enacted: H.R.5715 Ensuring Continued Access to Student Loans Act of 2008
To ensure continued availability of access to the Federal student loan program for students and families.
May 07, 2008: Became Public Law No: 110-227.
(May 5, 2008) - Bill Introduced: H.R.5914 Student Loan Access Act of 2008
To clarify the authority of the Federal Financing Bank to purchase loans guaranteed under part B of title IV of the Higher Education Act of 1965, and for other purposes.
(April 27, 2008) - Bill Introduced: S.2917 Syria Accountability and Liberation Act
A bill to strengthen sanctions against the Government of Syria, to enhance multilateral commitment to address the Government of Syria's threatening policies, to establish a program to support a transition to a democratically-elected government in Syria, and for other purposes.
(April 22, 2008) - Bill Introduced: S.2847 Emergency Student Loan Market Liquidity Act
A bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.
(April 8, 2008) - Bill Introduced: H.R.5723 Emergency Student Loan Market Liquidity Act
To amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.
(April 6, 2008)
Regulations 
- Rule - Availability of Funds and Collection of Checks
Federal Reserve System
Rule
Availability of Funds and Collection of Checks,
28319-28320 [E8-10973]
Rules and Regulations Federal Register FEDERAL RESERVE SYSTEM 12 CFR Part 229 [Regulation CC; Docket No. R-1317] Availability of Funds and Collection of Checks AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule; technical amendment. SUMMARY: The Board of Governors (Board) is amending appendix A of Regulation CC to delete the reference to the Memphis branch office of the Federal Reserve Bank of St. Louis and reassign the Federal Reserve routing symbols currently listed... [read document]
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(May 15, 2008) - Proposed Rule - Privacy Act Regulation
Federal Reserve System
Proposed Rule
Privacy Act Regulation,
25594-25597 [E8-9927]
Proposed Rules Federal Register FEDERAL RESERVE SYSTEM 12 CFR Part 261a [Docket No. R-1313] Privacy Act of 1974; Privacy Act Regulation AGENCY: Board of Governors of the Federal Reserve System. ACTION: Proposed rule. SUMMARY: The Board of Governors of the Federal Reserve System (Board) proposes to amend its regulation implementing the Privacy Act of 1974 (Privacy Act). The primary changes concern: the waiver of copying fees charged to current and former Board employees, and applicants for Board... [read document]
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(May 6, 2008) - Rule - Extensions of Credit by Federal Reserve Banks
Federal Reserve System
Rule
Extensions of Credit by Federal Reserve Banks,
25505-25506 [E8-10021]
FEDERAL RESERVE SYSTEM 12 CFR Part 201 [Regulation A] Extensions of Credit by Federal Reserve Banks AGENCY: Board of Governors of the Federal Reserve System. ACTION: Final rule. SUMMARY: The Board of Governors of the Federal Reserve System (Board) has adopted final amendments to its Regulation A to reflect the Board's approval of a decrease in the primary credit rate at each Federal Reserve Bank. The secondary credit rate at each Reserve Bank automatically decreased by formula as a result of... [read document]
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(May 6, 2008) - Proposed Rule - Credit Union Service Organizations
National Credit Union Administration
Proposed Rule
Credit Union Service Organizations,
23982-23988 [E8-9457]
Proposed Rules Federal Register NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Parts 712 and 741 RIN 3133-AD20 Credit Union Service Organizations AGENCY: National Credit Union Administration (NCUA). ACTION: Proposed rule. SUMMARY: NCUA proposes to change its credit union service organization (CUSO) rule by adding two new categories of permissible CUSO activities: Credit card loan origination and payroll processing services. The proposal would also add new examples of permissible CUSO activities... [read document]
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(April 30, 2008) - Proposed Rule - Low-Income Definition
National Credit Union Administration
Proposed Rule
Low-Income Definition,
22836-22839 [E8-8968]
Proposed Rules Federal Register NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Parts 701 and 705 RIN 3133-AC98 The Low-Income Definition AGENCY: National Credit Union Administration (NCUA). ACTION: Proposed rule. SUMMARY: The NCUA is proposing to use median family income (MFI) to determine if a credit union qualifies for a low-income designation and assistance from the Community Development Revolving Loan Fund (CDRLF). The proposed rule will eliminate the confusion associated with adjusting median... [read document]
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(April 27, 2008)
Government 
- Notice - Self-Regulatory Organizations; Proposed Rule Changes: Philadelphia Stock Exchange, Inc
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
Philadelphia Stock Exchange, Inc.,
28541-28543 [E8-10944]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-57806; File No. SR-Phlx-2008-34] Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Notice of Filing and Order Granting Accelerated Approval of Proposed Rule Change Consolidating Into a Single Rule Certain Requirements for Products Traded on the Exchange Pursuant to Unlisted Trading Privileges May 9, 2008. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is... [read document]
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(May 15, 2008) - Notice - Self-Regulatory Organizations; Proposed Rule Changes: National Securities Clearing Corp
Securities and Exchange Commission
Notice
Self-Regulatory Organizations; Proposed Rule Changes:
National Securities Clearing Corp.,
28539-28541 [E8-10968]
SECURITIES AND EXCHANGE COMMISSION [Release No. 34-57813; File No. SR-NSCC-2007-12] Self-Regulatory Organizations; National Securities Clearing Corporation; Order Granting Approval of a Proposed Rule Change To Provide a New Alternative Investments Products Service May 12, 2008. I. Introduction On July 17, 2007, National Securities Clearing Corporation (``NSCC'') filed with the Securities and Exchange Commission (``Commission'') and on February 19, 2008, amended proposed rule change... [read document]
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(May 15, 2008) - Notice - Applications: Main Street Capital Corp., et al
Securities and Exchange Commission
Notice
Applications:
Main Street Capital Corp., et al.,
28175-28178 [E8-10802]
SECURITIES AND EXCHANGE COMMISSION [Release No. IC-28265; 812-13438] Main Street Capital Corporation, et al.; Notice of Application May 8, 2008. AGENCY: Securities and Exchange Commission (``Commission''). ACTION: Notice of application for an order under section 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by section 57(a)(4) of the Act and under section 17(d) of the Act and rule 17d-1 under the... [read document]
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(May 14, 2008) - Agenda for the 05/22/2008 NCUA Board Meeting is available
(May 14, 2008) - Notice - Meetings: Board of Directors
Federal Deposit Insurance Corporation
Notice
Meetings:
Board of Directors,
28117 [E8-10914]
FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 9 a.m. on Monday, May 19, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), (9)(B), and (10) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and corporate... [read document]
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(May 14, 2008)
Articles 
- Is a Growing China a Threat to U.S. IPO Market Dominance? Comparative Securities Laws and ...
Business Law Brief, Spring 2008 Bjorn C. Sorenson Affiliation Unknown Date Posted: May 15, 2008 Last Revised: May 16, 2008
(May 15, 2008) - Mutual Fund Arbitrage and Other Practices: Sources of Explicit and Opportunity Costs
John A. Haslem University of Maryland - Robert H. Smith School of Business Date Posted: May 15, 2008 Last Revised: May 15, 2008
(May 14, 2008) - Corporate Policing and Corporate Governance: What Can We Learn from Hewlett-Packard's ...
University of Cincinnati Law Review, Corporate Law Symposium, 2008, NYU Law School, Public Law Research Paper No. 08-15, NYU Law and Economics Research Paper No. 08-25 Miriam H. Baer New York University School of Law Date Posted: May 15, 2008 Last Revised: May 15, 2008
(May 14, 2008) - Stock Exchange Markets for New Ventures
CIRANO - Scientific Publications 2008-s12 Cecile Carpentier , Jean-François L'Her , Jean-Marc Suret and Laval University , Caisse de dépôt et placement du Québec , University of Laval - Faculté des Sciences de l'Administration and Center for Interuniversity Research and Analysis on Organization (CIRANO) Date Posted: May 15, 2008 Last Revised: May 15, 2008
(May 14, 2008) - Competition and the Optimal Exercise of Equity-Based Incentives
Michael Nwogugu Independent Date Posted: May 15, 2008 Last Revised: May 15, 2008
(May 14, 2008)
News 
- Petro Resources to Hold First Quarter 2008 Conference Call
CNNMoney.com - 12 hours ago
... the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, ...
(May 15, 2008) - Energy Exploration International Announces the Drill Rig Is ...
Earthtimes (press release), UK - 9 hours ago
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the ...
(May 15, 2008)
Business Wire (press release)
Health Management Associates, Inc. Announces Pricing of Offering ...
Business Wire (press release), CA - 12 hours ago
Neither the Notes nor the shares of common stock issuable upon conversion of the Notes have been, or will be, registered under the Securities Act or the ...
(May 15, 2008)- Document SOX compliance with SQL Server 2005
ZDNetIndia, India - 16 hours ago
By Tim Chapman, ZDNet Asia As the DBA for revenue-generating applications, I am frequently invited by my CIO to meetings with Sarbanes-Oxley auditors to ...
(May 15, 2008)
CNNMoney.com
They're Not Waiting for Washington
New America Foundation, DC - 1 hour ago
The State of Michigan has an aggressive land banking law, which Genesee County-where Flint, one of the hardest-hit cities in the country, is located-has ...
Senate Nears Mortgage Deal Wall Street Journal
Pols Push to Increase SEC Budget CCH Wall Street
all 340 news articles
(May 15, 2008)
Blog Posts 
- Home Depot Settlement: Corporate Governance Changes
Over the past two years Home Depot has faced multiple derivative lawsuits by stockholders. These suits allege that former and current officers and directors breached their fiduciary duties in multiple ways, including: backdating of stock-option, engaging in illicit return-to-vendor practices, and approving excessive compensation for its former CEO, Robert Nardelli. On March 28, 2008, the plaintiffs of these derivative suits and Home Depot stipulated to settlement terms. In exchange for the...
(May 15, 2008) - Fun with 13Fs…
I don't tend to pay much attention to 13Fs, the institutional holdings reports that hedge funds and other large investors are required to file 45 days after the close of the quarter, mostly because there's only so many filings that my dog - the brain behind footnoted.org - is willing to read. Besides, the folks at Insider Score already do a great job at covering these filings, as well as other types of insider filings. But because yesterday marked 45 days, I decided to take a break from the...
(May 15, 2008) - Key Guidance On Hedge Fund Investing
On Tuesday, May 13th, I presented Key Guidance On Hedge Fund Investing, a webinar highlighting important information contained in the "Report of the Investors' Committee to the President's Working Group on Financial Markets, Principles and Best Practices for Hedge Fund Investors." This report was released last month and is comprised of the material prepared by two committees, the Asset Managers' Committee and the Investors' Committee. Given the voluminous size of the report, I primarily focused...
(May 15, 2008) - Proxy Contests and Access
We have a student post today on the aborted proxy contest with respect to the board of Office Depot. The effort demonstrates the costs imposed on insurgents (both solicitation fees and litigation expenses) and the practical difficulties incurred when management opposes the efforts. The net effect is that very few proxy contests actually occur. The result is that directors rarely lose to shareholders. To the extent a director is removed from office, it is far more likely a result of the board...
(May 15, 2008) - How Many Prongs Are There?
The long-running securities litigation related to Iridium World Communications, which attempted to create and market a global satellite phone system, has produced an interesting decision. In Freeland v. Iridium World Communications, 2008 WL 906388 (D.D.C. April 3, 2008), the court...
(May 15, 2008)