Financial Institutions

/Financial Institutions

Client Alert – Fintechs are Now Eligible to Apply for National Bank Licenses: Should They?

Effective July 31, 2018, the Office of the Comptroller of the Currency (“OCC”) officially opened the door for non-depository financial technology (“Fintech”) companies to apply for a special federal banking license. In the Release (NR 2018-74; the “Release”), Joseph M. Otting, the Comptroller, cited the broad regulatory and supervisory authority given to the OCC under [...]

Client Alert – It’s Unanimous: U.S. Supreme Court Justices Agree to Narrow Interpretation of Dodd-Frank Whistleblower Protections

In an increasingly rare show of unanimity, the U.S. Supreme yesterday issued a ruling that very narrowly interpreted the whistleblower protections of the Dodd-Frank Act, declining to follow the Securities and Exchange Commission (SEC) and lower courts in their more expansive view of the Act and its protections. Dodd-Frank was passed in 2010 as part [...]

FisherBroyles partner, James Wheeler, was quoted in the April 20, 2017 S&P Global Market Intelligence article titled, “Organizers withdraw de novo bank application, plan leadership changes” for a proposed metro Atlanta bank

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FisherBroyles Partner, Geoffrey Goodale, chosen to participate in a roundtable discussion on sanctions compliance and enforcement developments, published in the April 2017 issue of Financier Worldwide

Geoffrey Goodale, a Partner in the Washington, DC office of FisherBroyles and Co-Chair of the ABA Section of International Law’s Export Controls and Economic Sanctions Committee, was one of several top experts chosen to participate in a roundtable discussion on sanctions compliance and enforcement developments that has been published in the April 2017 issue of [...]

FisherBroyles Welcomes New Partner Lynette Ashby to New York Office

(New York, New York — November 8, 2016) — FisherBroyles, LLP is pleased to announce the addition of partner Lynette Ashby to its New York office.  A graduate of Princeton and Harvard Law School, Ashby is a practical and hands-on legal advisor with extensive experience in the structuring and negotiation of seeding and acceleration capital [...]

Bankers Are On Notice: DOJ Targeting Executives in Criminal Probes

This week the Wall Street Journal reported that federal prosecutors are actively pursuing criminal cases against bank executives for their roles in allegedly bundling and selling flawed mortgage securities. The probes of the Royal Bank of Scotland Group PLC (RBS) and J.P. Morgan Chase & Co. (J.P. Morgan) are follow-investigations to large civil settlements previously [...]

Financial Institutions Update

Download the Financial Institutions Update [PDF] newsletter Happy 2015 (how is that possible) and welcome to the latest FisherBroyles, LLP, Financial Institutions Update. In preparing this update for you, which is forward focused, we also looked back, to the summer of 2011. At that time, I asked many of you: “Has your institution experienced the [...]