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CALIFORNIA

– Failed banks

– – Butte Community Bank in Chico, 95:301
– – First Regional Bank of Los Angeles, 94:279
– – First Vietnamese Am. Bank in Westminster, 95:841
– – 1st Pac. Bank of Cal. in San Diego, 94:921
– – Granite Community Bank, N.A., in Granite Bay, 94:1130
– – Innovative Bank of Oakland, 94:754
– – La Jolla Bank, FSB of La Jolla, 94:420
– – Los Padres Bank in Solvang, 95:301
– – Pacific State Bank in Stockton, 95:301
– – Sonoma Valley Bank in Sonoma, 95:301
– – Tamalpais Bank of San Rafael, 94:754
– – Western Commercial Bank in Woodland Hills, 95:841

– Failed credit unions

– – Arrowhead Central Credit Union in San Bernardino, 94:1296
– – Certified FCU in Commerce, 95:208
– – Kern Central Credit Union in Bakersfield, 94:59
– – Mutual Diversified Employees FCU in Santa Ana, 94:420
– – SchoolsFirst FCU of Santa Ana, 94:420
– – Tracy FCU in Tracy, 94:864
– – Western Corporate FCU in San Dimas, NCUA as conservator request to intervene as plaintiff, 94:73

– Foreclosure, anti-blight rules, banker negotiations with Chula Vista officials on responsibility for abandoned properties, 94:18; Cal. city amendment to anti-blight ordinance, 94:229
– Loan modification fraud, lawyer and 2 associates alleged involvement in nationwide scam (Cal. Super. Ct.), 94:237
– Municipal derivatives market, Cal. cities antitrust claims for alleged price-fixing conspiracy may proceed (S.D.N.Y.), 94:932
– Preemption, student loan servicers, state class action claims against Sallie Mae interest rates, late fees, and payment schedules (9th Cir.), 94:236
– Securities, state treasurer investigation of banks underwriting state general obligation bonds while also trading CDSs on those bonds, 94:704
– Taxation, forgiven mortgage debt and certain ARRA grants, exclusions from state tax deductions, likelihood of governor's signature, 94:703; governor signs, 94:763

CAMPAIGN FINANCE

– Federal Election Comm'n data aggregated by Center for Responsive Politics through mid-April 2010, 94:1242
– Fraud, contributor guilty plea for scheme against 3 large financial institutions (S.D.N.Y.), 94:577

CANADA

– Anticompetitive practices, Interac Ass'n debit payment program restructuring, 94:382
– Bank-operated insurance promotion by chartered banks, proposals for tougher regulation, 94:1101
– Bank supervision of large banks, Auditor-General criticism, 95:804
– Capital, Basel III requirements likely beneficial to national financial institutions, 95:367
– Global financial system reform

– – Bank-wide leverage tests, Canadian system at risk from proposed requirements, banker remarks, 94:632
– – Leadership role urged in report, 94:165

– International banking, proposed rules for implementing previously approved reforms, 94:1267
– Mortgages

– – Access consultations, focus on unincorporated entities, 95:421
– – Insurance, final consumer protection regulations, 94:772

– Ownership restrictions, finalized amendments as clarification of application of rules for banks and insurance firms, 94:586
– Payment cards

– – Antitrust, application against alleged anticompetitive rules on merchants by credit card issuers, 95:1136
– – Consumer protection rules include mandatory interest-free grace period on new purchases, 95:422

– Regulatory reform, implementation of final legislative amendments, 94:991; review of financial services regulations, 95:533; final regulatory package, 95:897
– Taxation

– – Credit Suisse opposition to order on turning over papers dating from 1993, 95:980
– – Financial services, review and update of tax treatment technical guidance, 94:669

CAPITAL

– Bank Executive Survey, 17th annual report, 94:1289; second quarter 2010, 95:736
– Basel II Capital Accord

– – Bank supervision, reforms likely minimal impact on global economy, committee reports, 95:328
– – Buffer proposal, unveiling of details, 95:114
– – Corporate governance, draft paper on voluntary principles, 94:585
– – Failing institutions, proposal for minimizing public support, 95:287
– – Overhaul of treaty, opinions of top banking regulators from leading financial centers, 94:53; opinions from major banks and financial institutions, 94:736; firm defense of controversial proposals, 94:841; projected struggle for compliance with proposed Basel III liquidity standards, 94:938; concerns over U.S. adoption of standards, 94:1201; global banking report criticism of higher reserve requirements, 94:1201; committee chair remarks on long-term benefits from treaty, 94:1202; Swiss bank chief remarks on implementation estimates, 94:1208; amendments to treatment of trading book exposures, 94:1261; no decisions on amending reform package, 94:1305; details of modifications, 95:141; opinions by group of European banks, 95:234; opinions from German officials about capital reserves provisions, 95:235

– Basel III requirements

– – Banker remarks, Special Report, 95:481
– – Caruana remarks on integration of macroprudential policies into banking regulations, 95:503
– – Central counterparties, Basel Comm. on Banking Supervision proposed rules, 95:1132
– – Common equity, high levels required of major international banks, 95:1134
– – Defense of new rules, Wellink remarks, 95:532
– – Estimated impact on global economic growth, downward revision of initial estimate, 95:1133
– – European Parliament concerns about U.S. competitive advantage, 95:471; request for impact analysis, 95:614; OECD recommendation for faster implementation, 95:1081
– – Exclusion of certain types of assets from use as reserves, 95:457
– – Final details of accord, Basel Comm. on Banking Supervision remarks, 95:1006; new liquidity rule details, 95:1099
– – Financial institutions welcome new standards, 95:385
– – Global trade financing, study of impact of new rules, 95:1032
– – Group of 20, Seoul meeting to finish work on package, 95:701; leaders endorse package, 95:867
– – Higher minimum requirements, Basel Comm. on Banking Supervision preference for common equity, BNA Insights, 95:989
– – Hybrid bonds, Standard & Poor's report on compliance with rules, 95:1059
– – Liquidity provisions, agreement on key details of package, 95:753
– – Padoa-Schlioppa remarks on components of reconstruction and stabilization of global financial system, 95:503

– Breach of contract, government not liable in Winstar-related proceeding (Fed. Cir.), 95:700
– China, increase of central bank reserve ratio as part of monetary tightening policy, 94:890
– Comprehensive plans, FRB guidelines for large bank holding companies that underwent stress testing in 2009, 95:909
– Credit rating agencies, guidelines for alternatives on FDIC Bd. agenda, 95:259; FDIC approval of advance notice of proposed rulemaking, 95:297
– European Union

– – Bank requirements, tentative agreement, 95:31
– – Countercycled buffers, European Comm'n consultation process, 95:755

– Global banking system, need for more and better quality capital, Bair remarks, 94:1259
– Large bank requirements, FDIC Bd. approval of interagency proposals, 95:1100
– Lending limits by state-chartered banks in Ga., state measure for loan renewals, 94:372
– Small business stimulus, Senate actions

See LEGISLATION, FEDERAL, S 2869

CAPITAL PURCHASE PROGRAM (CPP)

– AIG, series of planned transactions, increased Treasury Dep't stake in bailed-out insurance firm, 95:842; master transaction pact begins recapitalization and paybacks, 95:1056
– Citigroup

– – Stock, Treasury Dep't plans for sale of shares as part of portfolio unloading process, 94:861; Treasury Dep't restart of stock sale, 95:165; plans to sell more shares, 95:728; divestiture completed, 95:1069
– – Trust preferred securities (TRUPS), additional Treasury Dep't sales of equity, 95:563

– Closure, 10 final investments in community banks, 94:10
– Community banks, interest group push for development of new program, 94:102; mixed reactions to Obama administration proposal, 94:261; White House explanation of plan, 94:262
– Taxpayer return on investment, financial service sector specialist report, 95:60
– Transaction report, ongoing repayments and retention of warrants, 94:465
– Warrant disposition

– – Auction notice for divestiture of holdings in Hartford Financial Servs. and Lincoln Natl., 95:399
– – Report, Dec. 2009, 94:151

CARD (CREDIT CARD ACCOUNTABILITY, RESPONSIBILITY, AND DISCLOSURE) ACT

See CREDIT CARDS

CDS

See CREDIT DEFAULT SWAPS (CDS)

CFPB

See CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

CFTC

See COMMODITY FUTURES TRADING COMMISSION (CFTC)

CHECKS

– Automated overdraft payment programs, proposed FDIC guidance for state banks on oversight, 95:296; guidance as blueprint for action by other regulators, 95:962
– Citibank account fees, N.Y. AG agreement to extend free checking accounts, 94:271
– Fees for insufficient funds and overdrafts

– – Credit unions, NCUA interim final rules, 95:205
– – FRB ban proposal for ATM transactions and one-time debit card transactions in Regulation E rule changes, 94:347; FRB clarification, 94:413; public comments sought, 94:414; final clarification issued, 94:1065
– – House actions

See LEGISLATION, FEDERAL, HR 3904

– – Offsetting lost income with deposit interest cuts, market analysis, 95:98
– – Opt-in rules for Regulation E, industry group impact report, 94:921
– – Senate actions

See LEGISLATION, FEDERAL, S 1799

– Fraud, Suspicious Activity Reports, FinCEN data, first half of 2009, 94:222
– Overdraft protection, American Bankers Ass'n survey of customer preferences, 95:400

CHILE

– Advertisement of loans, rule changes for foreign banks, 95:707
– Consumer protection, modification of banking rules, 95:588
– Loan insurance, client choice of insurer, new rules, 95:707
– Mortgages, conditions for tying offer of loans to provisions for other services, 95:988
– Stamp tax, increase while permanent reduction legislation stalled, 95:73

CHINA

– Capital, increase of central bank reserve ratio as part of monetary tightening policy, 94:890
– Construction loans, banking regulator limits for commercial banks, 94:488
– Currency, exchange rate oversight, Senate measure on Chinese currency manipulation, 94:583
– Failed banks, United Commercial Bank of San Francisco, FDIC and China Banking Regulatory Comm'n cross-border resolution agreement, 94:1079
– Monetary policy, central bank's interest rate increase, 94:78
– Real estate

– – Bubble, high priority concern for economists and economic advisers, 94:440
– – Tight restrictions on property purchases, 94:774

– Reserve ratio increase for commercial banks, 94:381; fourth increase in 2010, 95:898; fifth increase in 2010, 95:946

CLASS ACTIONS

– Arbitration

– – Clarification of use and enforceability of waivers, Kaplinsky remarks, 94:1096
– – Federal Arbitration Act does not support imposition when agreement silent (U.S., rvs and rem), 94:881
– – Merchant fees as illegal tie-ins imposed in Amex card acceptance agreement (U.S., judg vac), 94:884
– – Preemption by Federal Arbitration Act of Cal. law claims of unconscionable waiver rejected (2d Cir.), 95:112
– – Protection of agreements from state laws prohibiting use of contracts requiring waiver of class action rights (U.S., rev grant), 95:746
– – Unconscionable contract provisions, court makes call (3d Cir.), 94:985

– Auto title loans, TILA suits, actual harm from reliance on flawed financial disclosures necessary (3d Cir.), 94:23
– Data security

– – BJ's Wholesale Club data breach, dismissal of suit affirmed (Mass.), 94:25
– – Countrywide Financial data breach, settlement with 10.1M customers (W.D. Ky.), 94:24; final settlement approval, 95:363
– – Heartland Payment Sys. data breach

– – – Consumers, settlement of consolidated suits (S.D. Tex.), 94:26
– – – Hacker guilty plea, 94:26

– Executive compensation, shareholder suits likely stemming from report on ill-advised packages, Feinberg remarks, 95:210
– 401(k) plans, Wells Fargo alleged breach of fiduciary duties by investments in mutual funds managed by affiliate (D. Minn.), 94:706
– IRAs, H&R Block settles consolidated class action over express accounts (W.D. Mo.), 94:73
– Italy, consumer protection of overcharged overdrawn customers, 94:78
– Mortgages

– – JP Morgan Chase, alleged systemic violation of federal home loan modification plan (N.D. Cal.), 94:1097
– – Wells Fargo, claims for alleged violations of state unfair competition laws preempted (9th Cir.), 94:527

– Securities

– – FirstFed Financial employees allegations of breach of fiduciary duties, ESOP should have dumped stock (C.D. Cal.), 95:983
– – Fraud

– – – Extraterritorial reach of federal laws, claims by non-U.S. investors (U.S., aff), 95:24
– – – Statistics, claims related to financial crisis, 94:72

– – Lax underwriting standards and “reckless” auditing practice, settlement agreement (C.D. Cal.), 94:934

– Student loan servicers, preemption of Cal. claims against Sallie Mae interest rates, late fees, and payment schedules (9th Cir.), 94:236

COLOMBIA

– Taxation, lawmaker approval of tax code amendment, 95:1140

COLORADO

– Auction rate securities, Stifel Nicolaus buyback agreement with state regulators, 94:25
– Taxation

– – Credit union not liable for unrelated business income tax on income from certain insurance products (D. Colo.), 94:709
– – Refund anticipation loans, consumer protection measure, governor signature, 94:1039

COMMODITY FUTURES TRADING COMMISSION (CFTC)

– Staffing, Gensler request for help in enforcing OTC derivatives rules under Dodd-Frank, 95:743

COMMUNITY BANKS

– Commercial real estate loans

– – Congressional Oversight Panel on TARP report, 94:305
– – GAO portfolio reviews, 95:733

– Federal home loan banks, FHFA rule on membership of community development financial institutions, 94:10
– Financial crisis, interest group opinion on cause at Financial Crisis Inquiry Comm'n hearing, 94:103
– Issues troubling local banks, advisory committee meeting, 94:213
– Mortgages, holding increased share of home loans allowed with care, 94:55
– National job board linking banks with personnel, ICBA website, 94:569
– Overhaul of financial regulatory system, Pres. Obama meeting with officials from 12 banks on White House agenda, 94:11
– Prompt Corrective Action use, GAO review, 95:733
– Risk management, stress tests needed for evaluating risks, CSBS white paper, 95:730
– TARP, interest group push for development of new program using repaid funds, 94:102; Pres. Obama pledge of $30B to community banks for small business loans, 94:222; mixed reactions to Obama administration proposal, 94:261; White House explanation of plan, 94:262
– Technology survey, ICBA biennial report on top concerns, 95:404
– “Too big to fail,” ICBA legislative and regulatory priorities include ending certain risk-promoting policies, 94:570
– Transaction Account Guarantee (TAG) program, requests for extension and permanent insurance program, 94:692

COMMUNITY DEVELOPMENT

– Access to mainstream financial institutions, Bank on USA program by CDFI, 94:520
– Annual awards, CDFI Fund assistance for local financial institutions serving struggling communities, 95:304
– Native American CDFI Assistance Program, Treasury Dep't funding for FY2011, 95:857
– New markets tax credits, IRS ruling on qualified equity investments made by LLCs classified as partnership, 94:1183
– Partnerships among banks, FDIC clarification of CRA rules, 95:495
– Reinvestment credit for neighborhood aid, federal bank regulators' joint proposed rule, 94:1238; joint announcement of final rule, 95:1107
– Rural areas receiving consideration under CRA, new list, 94:1132
– Statistics, CRA reporting requirements, 2009 data for small businesses and small farms, 95:313
– Student loans, CRA credit for low-cost higher education loans to low-income borrowers, FDIC board approval, 95:495

COMMUNITY REINVESTMENT ACT (CRA)

– Ed. Note: This heading is limited to CRA reauthorization or reform. The heading MORTGAGES provides coverage of CRA administration, enforcement, and application.
– Modernization and expansion of scope, consideration of changes in banking industry and banking technology, 95:149
– Revisiting design of statute, Dugan remarks, 94:797

CONGRESS, U.S.

– Ed. Note: This heading is used for administrative actions only. For coverage of legislation by bill number see LEGISLATION, FEDERAL. For information on measures not yet assigned bill numbers, see relevant subject headings.
– Banking oversight, BNA Insights, 95:809
– House

– – Ethics Comm., details on charges against Waters (D-Cal), 95:254
– – Financial Servs. Committee

– – – Bachus (R-Ala) likely chair, 95:823; letter backing Bachus, 95:873
– – – Frank (D-Mass) ban against Roberson, 94:660

– Senate

– – Banking Comm., Johnson (D-SD) likely chair, 95:824
– – Dodd (D-Conn) decision against seeking reelection, 94:49

CONNECTICUT

– Credit ratings, unfair trade practices, suit against Moody's and Standard and Poor, (D. Conn.), 94:526
– Executive compensation, state measure for higher bonus taxes on TARP-funded firms, 94:928; governor veto, 94:1039
– Failed credit unions, South End Mutual Benefit Ass'n of Bloomfield, 94:702
– Taxation, proposed state tax on executive bonuses related to TARP not unconstitutional, 94:704

CONSTITUTION, U.S.

– Separation of powers doctrine, Sarbanes-Oxley Act provision on “for cause” removal of PCAOB members unconstitutional (U.S., aff in part, rvs in part), 95:22
– Taxation, proposed Conn. state tax on executive bonuses related to TARP not unconstitutional, 94:704

CONSUMER CREDIT

– Advance America settlement of class action alleging illegal fees and interest (N.C. Super. Ct.), 95:527
– Auto title loans, class actions under TILA, actual harm from reliance on flawed financial disclosures necessary (3d Cir.), 94:23
– Census of finance companies, 5-year FRB industry survey, 94:1023
– Credit reports, risk-based pricing provisions of FACT Act, FRB and FTC joint rule on disclosure of negative information, 94:12
– Debt buyers, data reporting by biggest entities for FTC study, 94:66
– Debt cancellation insurance, Sky Bank TILA plaintiffs must show reliance on flawed financial disclosure forms (3d Cir.), 94:69
– Debt collection

See DEBT COLLECTION

– Delinquency

– – American Bankers Ass'n bulletin, third quarter 2009, 94:60; fourth quarter, 94:699; first quarter 2010, 95:62; second quarter 2010, 95:622
– – Filene Research Inst. study on long-term customer decisionmaking patterns, 95:967

– Out-of-state loans, Commerce Clause violation in Ind. law (7th Cir.), 94:329
– Payday loans

See PAYDAY LOANS

– Refund anticipation loans, H&R Block breach of contract suit against HSBC Bank (E.D. Mo.), 95:749
– Regulation Z

– – Expansion to credit transactions and consumer leases, FRB proposed rules, 95:1060
– – Solicitor General input on creditor requirements for default-related credit card interest rate increases (U.S., brief requested), 94:236

– State and local government, N.Y.C. program plans, 94:155
– Statistics, FRB report, Jan. 2010, 94:478; Feb. 2010, 94:699; April and May 2010, 95:62; June 2010, 95:402; Aug. 2010, 95:622; Oct. 2010, 95:1064
– Unbanked and underbanked individuals

– – FDIC analysis of Census Bureau data, 94:919
– – Tax refunds, IRS rule allowing direct deposits, 95:394

– Unwinding of debt in private sector, BIS economic forecast, 95:418

CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

– Appointments and personnel changes

– – Antonakes as head of depository institution team, 95:931
– – Chanin appointment as chief of rule-writing team, 95:1104
– – Cordray appointment as implementation team leader, 95:1104
– – Silberman appointment as head of credit card markets division, 95:1104
– – Twohig as head of nondepository institution team, 95:931
– – Warren, appointment as special adviser, 95:445; high profile during first week on job, 95:504; House Republicans monitoring of role, 95:505

– Mission statement, focus not exclusively on financial rules, Warren remarks, 95:1013
– Planning for staffing and organization

– – Multiagency meeting, 95:202
– – Nomination and confirmation of director only one piece of process, 95:257

– Purpose, disagreements expressed at FRB St. Louis conference, 95:1014

CONSUMER PROTECTION

– Advanced fee credit card telemarketer permanent ban (M.D. Fla.), 94:623
– Auto dealers, new tighter rules from FTC likely, 95:251
– Citibank checking account fees, N.Y. AG agreement to extend free checking accounts, 94:271
– Debt collectors

– – Allied Interstate, FTC settlement with large-scale actor (D. Minn.), 95:751
– – Deceptive practices by Credit Bureau Collection Servs., pending consent decree (S.D. Ohio), 94:484

– Debt relief companies, FTC final telemarketing sales rule, 95:212
– Elder abuse

– – Ill. requirements for training of bank staff in spotting exploitation, governor signs measure, 95:167
– – No reporting duty under state law by banks if unknowing assistants (Cal. Ct. App.), 95:112
– – SunTrust Investment Servs. fine to resolve FINRA claims of bad advice, 95:170

– Enforcement policy, technology and transparency as aids to CFPB efforts, Warren remarks, 95:780
– FACT Act implementation

– – FTC report to House panel on credit scores and identity theft, 94:617
– – Risk-based pricing provisions, FRB and FTC joint rule on disclosure of credit report-based negative information, 94:12

– Fees for insufficient funds and overdrafts

– – Credit unions, NCUA interim final rules, 95:205
– – House actions

See LEGISLATION, FEDERAL, HR 3904

– – Senate actions

See LEGISLATION, FEDERAL, S 1799

– – Woodforest Bank of Refugio, Tex., settlement agreement with OTS over unfair overdraft protection fees, 94:800

– Financial literacy for low and moderate income households, Bank on USA program by CDFI, 94:520
– Financial services regulation, FTC Comm'r perspectives on agency role, 94:569
– Fraud website, Financial Fraud Enforcement Task Force announcement, 94:762
– Garnishment of federal benefits, comment period on proposed rule clarifying restrictions, 94:758
– Global standards for financial sector information, ISO recommendations, 94:1147
– Italy, class action regarding overcharging overdrawn customers, 94:78
– Mortgage servicers, major FTC settlement with Countrywide yields refunds for 200,000 consumers (C.D. Cal.), 94:1197
– Preemption, National Bank Act supersession of state law (4th Cir.), 94:159

CORPORATE FRAUD AND ACCOUNTABILITY ACT

See SARBANES-OXLEY ACT

CORPORATIONS

– Directors and officers

– – Failed banks, FDIC preparation of suits underway, 95:697
– – Recent U.S. Supreme Court decision likely impediment to prosecution of certain kinds of fraud, 95:413

– European Union

– – Recommendations for tighter regulations, 94:1144
– – Regulatory reform, European Comm'n proposed rules, 94:380

– Governance in banking sector

– – Basel Comm. final set of recommendations for improvements, 95:642
– – Risk management oversight duties, assignment to all committees, expert opinions, 95:677

– Regulatory reform of corporate governance issues, Kanjorski (D-Pa) remarks, 94:805
– Subchapter S corporations

See SUBCHAPTER S CORPORATIONS

COSTS

See FEES AND COSTS

CPP

See CAPITAL PURCHASE PROGRAM (CPP)

CREDIT CARDS

– Advanced fee credit card telemarketer permanent ban (M.D. Fla.), 94:623
– Annual membership fees, Capital One reimbursement agreement for fees charged to closed accounts, 94:353
– Broker-dealers, Mass. request for information on fees and interest rates, 94:106; recent changes to cardholder agreements also under scrutiny, 94:228
– CARD Act

– – American Bankers Ass'n comments on final implementation rules, 94:350
– – FRB final implementation rules, 94:95; new mandates and key changes, 94:95; interactive consumer website, 94:353; penalty fees and interest rate reviews, 94:461; FRB final approval of final rules, 94:1235
– – Misinformation about new protections common, interest group survey, 94:311
– – Online database of consumer credit card agreements, FRB site, 94:1086
– – Pres. Obama praise for new rules, 94:350
– – Rollbacks in interest rates and fee hikes, Conn. AG charges against FRB, 94:431

– Change-in-terms notice requirements under TILA (U.S., rev grant), 94:1254
– College student agreements, BoA subsidiary dominance in data released by FRB, 95:787
– CUNA selection of Cheney as president and CEO, 94:922
– Data security

– – BJ's Wholesale Club data breach, dismissal of class action suit affirmed (Mass.), 94:25
– – Heartland Payment Sys. data breach

– – – Consolidated consumer class actions settlement (S.D. Tex.), 94:26
– – – Hacker guilty plea, 94:26

– Electronic commerce, Restore Online Shoppers' Confidence Act result of “mystery charges” probe, 94:1024
– End-to-end encryption for transactions, Payment Card Industry Security Standards Council guidelines, 95:679
– Interchange fees

– – Dodd-Frank Wall Street Reform and Consumer Protection Act, “price setting” provisions for debit cards, House Small Business Comm. panel hearing, 95:204
– – Dubin (D-Ill) amendment to appropriations measure dies in committee, 95:203
– – Frank (D-Mass) remarks, 94:413
– – House measure

See LEGISLATION, FEDERAL, HR 2695

– – Regulatory reform, support for amendment, 94:1067
– – Stakeholders moving fast on rules, Special Report, 95:1038

– Interest, temporary income tax deduction

See LEGISLATION, FEDERAL, HR 4562

– Privacy, Ill. restrictions on use of college students' personal information for marketing purposes, 94:19
– Regulation Z, Solicitor General input on creditor requirements for default-related interest rate increases (U.S., brief requested), 94:236
– Spain, systematic transaction reporting requirements, 94:117
– Third-party reporting, U.S. Bank Natl. Ass'n concerns with IRS rules, 94:310; IRS final rules, 95:305
– Transaction processing, co-branded China UnionPay and Visa cards processed outside of China through Visa proprietary network, 94:1146

CREDIT DEFAULT SWAPS (CDS)

– Central counterparties, SEC extension of temporary exemption from federal securities laws to certain parties, 95:1021
– EU ban of “naked” short-selling involving sovereign debt under consideration, 94:534; Gensler remarks, 94:568
– France, launch of Paris-based clearing service, 94:668
– Registration of single-name transactions, voluntary clearing begins, 94:98
– Regulatory reform, roundtable debate over reporting and transparency requirements for real-time trading, 95:463

CREDIT MARKETS

– Senior Loan Officer Opinion Survey, FRB report, fourth quarter 2009, 94:270; second quarter 2010, 95:100; Oct. 2010, 95:834
– TALF

See TERM ASSET-BACKED SECURITIES LOAN FACILITY (TALF)

CREDIT QUALITY

– Accounting

– – Exclusion of fair value and other issues, 94:402
– – Nonpublic entities, FASB deferral of effective date for disclosure rules, 94:853

– Capitalization, sufficient buffers necessary for protection of loan loss reserves from economic shocks, FRB San Francisco report, 94:1077
– Commercial real estate loans, Dugan remarks about increasing concerns, 94:557
– Economic outlook, International Ass'n of Credit Portfolio Managers survey, 95:732
– Senior Loan Officer Opinion Survey, FRB report, May 2010, 94:842
– Shared national credits, portfolios of large loan commitments, 2010 review, 95:570
– Underwriting practices, OCC 2010 survey, 95:396

CREDIT RATING

– Commercial real estate loans, S&P outlook report, 94:267
– FACT Act implementation, FTC report to House panel on credit scores, 94:617
– Sovereign ratings, “mechanistic” reliance in financial regulation, IMF remarks, 95:587
– Unfair trade practices, suit against Moody's and Standard and Poor (D. Conn.), 94:526

CREDIT RATING AGENCIES

– Capital guidelines, alternatives on FDIC Bd. agenda, 95:259; FDIC approval of advance notice of proposed rulemaking, 95:297
– EU regulators' concerns over U.S. plan, 94:1101; registration of agencies with centralized supervision office and improved transparency rules, 94:1144; plans for sovereign debt agency, 95:584; conflicts of interest, public consultation process, 95:853; European Parliament support for new regulations, 95:1137
– Market share drove ratings process rather than accuracy, former executives' testimony, 94:790
– Moody's disclosure of SEC Wells notice, 94:978; defense of credit rating practices against charges of easing standards for profits, 94:1136
– Notices provided to consumers, users, and furnishers of information, FTC announcement, 95:314
– Oversight, Senate Appropriations panel challenge of SEC budget request, 94:867
– Reducing regulatory dependence, FSB endorsement of guidelines targeting ratings agencies and “too big to fail” banks, 95:757; FSB guidelines, 95:803
– Registration and exam process

– – GAO report on needed SEC improvements, 95:517
– – Hill Watch, 94:712

– Subprime mortgages, knowing use of outdated models in assessments, Senate Permanent Subcomm. on Investigations findings, 94:791

CREDIT REPORTS

See CONSUMER CREDIT

CREDIT UNIONS

– BJ's Wholesale Club data breach, dismissal of class action suit affirmed (Mass.), 94:25
– Business lending expansion

– – Geithner support lending cap lift for small business loans, 94:1074
– – House actions, lawmakers waiting on Senate, 94:410
– – Oversight, NCUA readiness, 94:410
– – Senate actions

See LEGISLATION, FEDERAL, S 2919

– Call report data, NCUA report, 1st quarter 2010, 94:1132; second quarter 2010, 95:406; third quarter 2010, 95:1018
– Community charters, deadline extension for public comments on NCUA proposed revisions, 94:281
– Corporate entities

– – Capital waiver extension, NCUA board approval, 94:859
– – Conservatorships, tax-exempt status, ICBA, CUNA, and NAFCU remarks, 95:615
– – Rule amendments, NCUA extension of comment period on proposals, 95:1019
– – Securities from legacy assets of failed entities, NCUA offerings, 95:678
– – Securitized assets from failed entities, NCUA profits from 3 note sales, 95:1019; sale of student loan securities, 95:1061
– – Stabilization assessment and final charter rule receive NCUA approval, 94:1241; NCUA final rule issued, 95:497

– Eastern Financial Fla. Credit Union collapse, failure of regulators in recognizing dangers of CDO investments, 94:923
– Enforcement policy

– – NCUA examiners, agenda includes indirect lending, participation lending, and member business loans, 95:264
– – Service organizations for regulatory compliance services for member entities, NCUA legal opinion, 94:320

– Excess concentration risk, trade associations' request for NCUA transition period policy, 95:263
– Executive compensation, NCUA bar for golden parachutes for troubled FCU officers, 95:205
– Failed entities

– – Anchor Bank of Wis., NCUA approves bank purchase and assumption agreement with Royal Credit Union, 94:1190
– – Arrowhead Central Credit Union in San Bernardino, Cal., 94:1296
– – Certified FCU in Commerce, Cal., 95:208
– – Constitution Corporate FCU, liquidation of assets, 95:938
– – Convent FCU in N.Y.C., 94:963
– – Family First FCU in Orem, Utah, 95:208
– – First Delta FCU of Marks, Miss., merger with Shreveport FCU of Shreveport, La., 95:20
– – Friendship Community FCU of Clarksdale, Miss., 94:420
– – HeritageWest FCU in Tooele, Utah, 94:68
– – Industries Peurto Rico FCU of Manati, P.R., 95:458
– – Kappa Alpha Psi FCU in Addison, Tex., 95:262
– – Kern Central Credit Union in Bakersfield, Cal., 94:59
– – Lawrence County Sch. Employees FCU in New Castle, Pa., 94:472
– – Mutual Diversified Employees FCU in Santa Ana, Cal., 94:420
– – Orange County Employees Credit Union in Orange County, Tex., 94:1190
– – Phil-Pet FCU in Pampa, Tex., 95:731
– – St. Paul Croatian FCU in Eastlake, Ohio, 94:817
– – SchoolsFirst FCU of Santa Ana, Cal., 94:420
– – South End Mutual Benefit Ass'n of Bloomfield, Conn., 94:702
– – Southwest Community FCU in St. George, Utah, 95:20
– – Statistics, NCUA report, first quarter 2010, 94:1015
– – Tracy FCU in Tracy, Cal., 94:864
– – U.S. Central Corporate Credit Union, NCUA possible civil litigation against 18 former directors and officers, 95:13
– – Western Corporate FCU in San Dimas, Cal., NCUA as conservator request to intervene as plaintiff, 94:73

– Fiduciary standards, documentation and clarification of duties of directors, 94:651
– Financial regulatory system overhaul, possible impact of Dodd (D-Conn) measure remittance provisions, 94:647; push for revision of language in measure, 94:843
– Guaranteed notes offering with assets of failed corporate entities, NCUA settles on initial offering, 95:789
– Indemnification of officials and employees, NCUA approval of rules, 95:1114
– Insurance, NCUSIF still strong, March 2010 financial report to NCUA, 94:866
– Loss-share test for failed large credit unions, NCUA pilot program, 95:937
– Low-income entities, NCUA interim final rule on use of secondary capital, 94:318
– Mergers, acquisitions, and conversions

– – Amendments, NCUA approval of rules, 95:1114
– – Mergers of insured entities into banks, proposed NCUA rule changes, 94:651

– Municipal deposits, N.Y. bankers voice opposition to state plan, 94:229
– Overdraft fees, NCUA interim final rules, 95:205
– Payday loan alternatives proposed rule, NCUA board approval, 94:859
– Progress report, NCUA activities in 2010, Matz testimony before Senate Banking Comm., 95:1054
– RegFlex program, CUNA and NAFCU criticism of NCUA proposed changes, 94:1084; divided board approval of 4 rescissions and issues rule on guaranteed notes, 95:724
– Retail entity board members, NCUA approval of definition change, 95:1114
– Revisions to Federal Credit Union Act

See LEGISLATION, FEDERAL, S 4036

– Share insurance fund, recommendations on restoration assessments and corporate assessments, NAFCU remarks, 94:700
– Small dollar loans, NCUA rule approval, 95:459
– Statistics, CUNA monthly review, May 2010, 95:64
– Supervising low income and community development institutions, NCUA letter, 94:149
– Transaction Account Guarantee Program, NCUA seeks parallel for business accounts, 94:1240
– Underfunded corporate entities, NCUA places 3 in conservatorship, 95:497; charters for 2 bridge corporates, 95:616; charters for 2 more bridge corporates, 95:887
– Website on exams and supervisory issues, CUNA announcement, 95:407

CURRENCY

– Accounting, multiple foreign currency exchange rates, FASB plans for new rulemaking project, 94:519
– Exchange rate oversight, Senate measure on Chinese currency manipulation, 94:583
– Over-the-counter trading of foreign exchange instruments, growing importance of nonbank sector, BIS survey, 95:1037

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