Alert December 05, 2006

Financial Services Alert - December 5, 2006

  • U.S. Supreme Court Hears Oral Argument in Preemption Case Concerning National Bank Operating Subsidiary
  • FRB Issues Final and Proposed Amendments to Regulation E
  • OCC Issues Interpretive Letter Concerning Application of Lending Limit to Wind Tower Loans
  • IRS Releases Notice 2006-100 on Reporting and Wage Withholding Requirements under Section 409A of the Code
  • Recently Issued Financial Services Industry Patent Raises Concerns
  • Bank Trade Associations Urge IRS to Withdraw Proposed Rule on Interest Deductions of S Corporation Banks
  • OCC Updates Manual on Branches and Relocations
  • Proposed Basel 1-A Interagency Rule Issued; Extension of Comment Period on Basel II Contemplated
  • Materials from SEC National CCOutreach Seminar and 2007 Regional Seminar Information Available on SEC Website
  • ICI Mutual Insurance Company Issues Study on Independent Fund Director Private Litigation Risk
  • NASD and NYSE Announce Plan to Form New Consolidated SRO