Banking Update

As a software category, mobile banking apps are an incredibly useful tool for smartphones and tablets. Their utility and widespread adoption empowers bank customers and credit users in their account management abilities. This success has generated pressure from disability advocates that failure to make these apps accessible to people with […]

On March 21, 2014, the U.S. Court of Appeals for the D.C. Circuit reversed a trial court decision that had struck down the heart of the Federal Reserve’s Regulation II. Regulation II, which implements the “Durbin Amendment” of the 2010 Dodd-Frank Act, imposes a cap on debit interchange transaction fees […]

The Federal Financial Institutions Examination Council (“FFIEC”) recently issued final supervisory guidance for financial institutions related to the risks of social media use.  Notably, the guidance does not impose any new requirements on financial institutions. Rather, it is intended to help financial institutions understand potential consumer compliance and legal risks, […]

As a number of financial institutions begin to emerge from the downturn that began in 2008, others that have deferred interest payments under their trust preferred securities (TRUPS) are fast approaching another potential impasse.   Issuers of TRUPS generally are allowed under the terms such instruments to defer interest payments […]

Baird Holm LLP partners Amber Preston, Jonathan Wegner and John Zeilinger recently presented at Bank Director’s “Acquire or Be Acquired” Conference in Scottsdale, Arizona. Here are some of the major takeaways and trends from the attendees and other presenters at the conference:   Earnings Trends (Finally) Improve. Firms tracking bank […]