• Pension Reform Bill Passes House and Senate; President Expected to Sign
• Federal Banking Agency Counsel Determine State Laws Seeking to Prohibit ILC Branching May More Broadly Limit De Novo Bank Branching
• New Hampshire Gift Certificate Laws Preempted for Mall Gift Cards Issued by National Bank and Federal Savings Association
• OTS Provides Flexibility in Lending through Operating Subsidiaries
• Federal Court Dismisses Claim that Card Processor is Liable under Theory of Breach of Contract for Damages from Merchant’s Security Breach
• SEC Moves Forward on Study Comparing Effect of Broker-Dealer and Adviser Regulatory Systems on Investors
• Enforcement of Presentment Warranties not Prejudiced by Inability to Produce Paper Check
• DOL Issues Advisory Opinion on PTE 77-3 and 12b-1 Fees
• OTS Permits Purchase Agreement to Enable Thrift to Exclude Asset from Asset Caps
• MSRB Seeks Comment on Use of “Access Equals Delivery” Model for Official Statements Relating to New Issue Municipal Securities Including 529 College Savings Plans
• SEC Chairman States Agency Will Not Seek Review of Hedge Fund Decision
• ABA Promotes “Standardized” Basel II Approach