December 2015

$48M Arbitration Award vs. Investment Advisor Upheld

September 2015

Data Security: Are you doing all you can?

The University of California, Los Angeles, Health System on Tuesday said that a laptop containing medical record numbers, health information used for treatment plans and the names of about 1,200 patients was stolen from a faculty member in July.Could that…

July 2015

Diversity Rules for Financial Institutions— The Final Standards and the Implications for Businesses

Section 342 of the Dodd-Frank Act mandated the creation of an Office of Minority and Women Inclusion (OMWI) in each agency covered by Dodd Frank, including the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, the Federal Deposit I…

September 2014

Massachusetts Division of Banks Gears Up to Implement State Law Limiting Flood Insurance Requirements on Residential Properties

On Thursday, September 11, 2014 the Massachusetts Division of Banks held a public hearing regarding regulations to implement Chapter 177 of the Acts of 2014, An Act Further Regulating Flood Insurance (the "Act"). The Division will continue to accept writte…

August 2013

New Hampshire: A Leading Jurisdiction for Trust Companies

In another big step forward for New Hampshire in the area of trust company regulation, on June 4, 2013, Governor Maggie Hassan signed into law House Bill 560, eliminating the New Hampshire Board of Trust Company Incorporation (Trust Board) and transferring…

June 2013

Mortgage Foreclosure Procedures – New Massachusetts Regulations Effective June 21, 2013

The Division of Banks released final amendments to the state Foreclosure Prevention regulations in early June, which implement Massachusetts General Laws ch. 244 §35B.  The revised regulations become effective June 21, 2013.  Use of the regulatory form …