Alert August 05, 2003

Financial Services Alert

  • OCC (1) Issues Georgia Law Preemption Order and (2) Proposes Regulation Clarifying Types of State Laws Not Applicable to National Banks
  • SEC Adopts Codification of Exemptive and No Action Relief Regarding Broker-Dealer Delivery of Balance Sheets to Customers
  • OTS Rules VISA Debit Rewards Program not Impermissible Interest
  • IRS Issues Revenue Rulings on Insurance Company Separate Accounts
  • OCC Issues Letter Concluding that a National Bank May Hold a Non-Controlling Interest in a Limited Purpose Bank