Financial regulations


  • The $88 Million Question

    by Larry Mead Published September 8, 2011
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    The news for Financial Services firms and Banks has been particularly grim over the last couple weeks.  There has been a litany of pressures and consequences at both macro and micro levels, such as: The Federal Housing Finance Agency suit announced last Friday over the misrepresentation of private-labeled mortgage-backed securities to Fannie and Freddie, the anticipated formal delay announced last Thursday by the Federal Reserve Board on the release of Dodd-Frank rules, and the announcement from the Treasury Department two weeks ago that JP Morgan Chase agreed to settle for $88M over OFAC violations.

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