Posts by: Elizabeth Williams

CFTC Approves a Final Rule Revising Privacy Notice Requirements

 

On April 19, the Commodity Futures Trading Commission (CFTC) approved a final rule to revise an existing CFTC regulation that currently requires certain merchants and dealers, among other persons, to provide annual privacy notices to customers. The new rule will remove this requirement to provide annual privacy notices when certain conditions are met. Release.

CFPB Changes Policy Regarding Civil Investigative Demands

 

On April 23, the Consumer Financial Protection Bureau (CFPB) announced changes to its current policies regarding Civil Investigative Demands (CIDs). These changes will require CIDs to provide more information about the alleged wrongful conduct under investigation. The new policy aligns with recent court decisions about notifications of purpose and is consistent with prior reports from the CFPB.

Rating Agency Developments

 

On February 20, DBRS published a report entitled: Rating Pooled Aircraft Lease Securitizations. Report.

On February 20, DBRS published a report entitled: Rating CLOs and CDOs of Large Corporate Credit. Report.

On February 15, Fitch published a report entitled: U.S. Public Finance Letter of Credit-Supported Bonds and Commercial Paper Rating Criteria. Report.

On February 15, Fitch published a report entitled: U.S. Public Finance Structured Finance Rating Criteria. Report.