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Media Mentions – April 15, 2013

April 15, 2013

Authors

Bryan Cave

Media Mentions – April 15, 2013

April 15, 2013

by: Bryan Cave

With attorneys and staff worldwide, Bryan cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Kristine Andreassen in PayBefore

DC Associate Kristine Andreassen was quoted April 2 by PayBefore concerning a new anti-money laundering rule under consideration that would require consumers to report when they transport prepaid cards, along with cash and other monetary instruments, with a value of more than $10,000 into or out of the country. Andreassen said the rule would be relatively easy to get around, as most incidents of prepaid cards being used for cross-border money laundering likely have involved cards that have little or no value when they cross the border but are loaded once they reach their destination. “[Regulators] are focusing on card balance, but anyone trying to launder money will quickly learn to send cards with a zero balance,” she said. “So the rule is

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Media Mentions – January 2013

January 31, 2013

Authors

Bryan Cave

Media Mentions – January 2013

January 31, 2013

by: Bryan Cave

With attorneys and staff worldwide, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Kristine Andreassen in Paybefore News, Bank Safety & Soundness Advisor

DC Associate Kristine Andreassen was quoted Jan. 2 by Paybefore News on the Consumer Financial Protection Bureau’s (CFPB) announced delay in implementing new rules on international remittances. “The industry has known for the better part of a year that the compliance deadline for the rules was looming and hopefully they have some plans in place,” Andreassen said. However, for companies that might benefit from the deadline extension, it would be wise to send comments to that effect to the CFPB soon because the possibility exists that consumer advocacy groups might oppose a deadline extension, she noted. Andreassen also was quoted Dec. 31 in the Bank Safety & Soundness Advisor regarding new rules the Financial Crimes Enforcement Network

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Media Mentions – September 28, 2012

September 28, 2012

Authors

Bryan Cave

Media Mentions – September 28, 2012

September 28, 2012

by: Bryan Cave

With attorneys and staff worldwide, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Andreassen in Paybefore Update

DC Attorney Kristine Andreassen was noted as contributing to an article in the July edition of Paybefore Update concerning the Consumer Financial Protection Bureau’s proposed policy statement for disclosing consumer complaint information about financial products and services other than credit cards.  The bureau’s handling of a consumer complaint database for non-credit card products would closely mirror how it currently discloses credit card complaint data, a process that has drawn criticism. Among objections, the current credit card complaint database publishes “unverified claims” that name the banks, but not any specifics regarding the complaints.  Andreassen is a contributing editor to Paybefore.

Atkinson in American Banker

Charlotte partner B.T. Atkinson was quoted August 15 by American Banker regarding election year uncertainty, and how it is affecting

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Media Mentions – March 23, 2012

March 23, 2012

Authors

Bryan Cave

Media Mentions – March 23, 2012

March 23, 2012

by: Bryan Cave

With attorneys and staff worldwide, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Klingler in American Banker

Atlanta Partner Robert Klingler was quoted March 15 in American Banker regarding an agreement reached between the U.S. Treasury Department and Pacific Capital.  UnionBanCal has agreed to buy Pacific Capital for $1.5 billion in cash, with the Treasury getting about $165 million in exchange for its 11 percent stake.  That would be about 90 cents on the dollar of the bailout money the Treasury invested in Pacific Capital through the Troubled Asset Relief Program.  Klingler said the deal is probably a good one for the Treasury.  “The ability to recoup an investment that is stressed at its face value is extremely difficult,” Klingler said.  “If the bank goes into receivership, the Treasury is looking at pennies — and that might be generous.  So the Treasury has

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Media Mentions – February 24, 2012

February 24, 2012

Authors

Bryan Cave

Media Mentions – February 24, 2012

February 24, 2012

by: Bryan Cave

With offices all over the world, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

Andreassen, Hester in Bank Safety & Soundness Advisor

DC Associate Kristine Andreassen and Atlanta Associate Barry Hester were quoted extensively Feb. 20 by The Bank Safety & Soundness Advisor concerning recently revised guidance from the FDIC that, among other things, attempts to keep unsteady community banks from taking too much payment processor risk. The revised guidance doesn’t contain anything “shocking,” but it does signal that payment processing will be a higher exam priority, Andreassen said. Hester confirmed that payment processors are increasingly approaching banks with offers that are too good to be true. “There are more legitimate payment processing systems and methods out there — a lot of excellent opportunities,” but banks need to take the time to properly vet these partnerships, he told the publication.

Atkinson in Charlotte

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Media Mentions – December 2, 2011

December 2, 2011

Authors

Bryan Cave

Media Mentions – December 2, 2011

December 2, 2011

by: Bryan Cave

With offices all over the world, Bryan Cave attorneys are often quoted in the news.  Recent Media Mentions of Financial Institutions Group attorneys include:

McAlpin on BankDirector.com

Atlanta Partner Jim McAlpin authored the first in a series of articles concerning best practices of bank boards Oct. 25 for BankDirector.com. McAlpin said “there has never been a greater need for well-functioning, informed and courageous boards of directors of banks and bank holding companies. There has also never been a more important time for board members to keep in mind that their responsibilities can be boiled down into one simple goal: the creation of sustainable long-term value for shareholders.” This also was the lead article in the BankDirector November e-mail newsletter.  Click here to read the full text.  The second installment in the series will be published by BankDirector in early December.

Moeling in American Banker, Atlanta Journal-Constitution

Atlanta Partner Walt Moeling

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Media Mentions

June 12, 2011

Authors

Bryan Cave

Media Mentions

June 12, 2011

by: Bryan Cave

With attorneys and staff worldwide, Bryan Cave often makes the news.  Recent media mentions of attorneys in the Financial Institutions group include:

Andreassen on Moneylaundering.com

DC Associate Kristine Andreassen was quoted June 7 by Moneylaundering.com regarding a report from the U.S. Senate Caucus on International Narcotics Control in which lawmakers criticize the U.S. Treasury Department for failing to adequately implement a portion of the Credit CARD Act of 2009. The lack of regulations governing the cross-border transportation of prepaid access products has hamstrung American efforts to combat Mexican drug-trafficking organizations, according to lawmakers. Andreassen said that the Financial Crimes Enforcement Network (FinCEN) ultimately must decide whether to require individuals carrying prepaid access devices to declare the actual or potential maximum value the products have before crossing the border. “One of the issues FinCEN has to account for is cards that cross the border empty, and are then reloaded on the other side,”

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Media Mentions

May 13, 2011

Authors

Bryan Cave

Media Mentions

May 13, 2011

by: Bryan Cave

With attorneys and staff worldwide, Bryan Cave often makes the news.  Recent media mentions  include Kristine Andreassen of the Financial Institutions Group in PayBefore News:

DC Associate Kristine Andreassen was quoted April 21 in PayBefore News on the recent settlement agreement approved with AT&T concerning its advertisement of rebate-related prepaid cards. Plaintiffs accused AT&T (formerly Cingular) of making misleading and unfair advertisements by displaying cell phones as discounted or free after rebate when, in fact, the rebate was distributed post-sale via a network branded prepaid card with limited terms for usage. Andreassen told the publication that this settlement should serve as another reminder of the importance of clear and conspicuous disclosures for all parties involved in rebate card programs. “Merchants using prepaid cards to distribute rebates aren’t usually thought of as having their own disclosure obligations, but clearly, they do,” she said.

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Media Mentions – August 20, 2010

August 20, 2010

Authors

Jeannie Osborne

Media Mentions – August 20, 2010

August 20, 2010

by: Jeannie Osborne

With attorneys and staff worldwide, Bryan Cave attorneys often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions of attorneys in the financial institutions practice include:

Klingler in American Banker

Atlanta Associate Robert Klingler was quoted Aug. 4 by American Banker regarding the charges against Rep. Maxine Waters, and whether those charges might be of use to banks denied TARP funds. An ethics panel report alleges Waters may have broken rules when she helped a trade group arrange a meeting between then-Treasury Secretary Henry Paulson and executives of OneUnited Bank, an institution with financial ties to her husband and huge losses from the takeovers of Fannie Mae and Freddie Mac. Klingler said the government had a uniform standard for deciding TARP investments – essentially awarding funds to institutions that could prove their viability

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Media Mentions January 15, 2010

January 15, 2010

Authors

Robert Klingler

Media Mentions January 15, 2010

January 15, 2010

by: Robert Klingler

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions include:

Andreassen, Rinearson in Business Lawyer

New York Partner Judith Rinearson and DC Associate Kristine Andreassen co-authored an article in the November issue of the ABA’s The Business Lawyer on the impact of state money transmitter licensing laws on prepaid payment products.

Garrett in MarketWatch

Kansas City Counsel Karen Garrett was quoted Dec. 23 by MarketWatch on a bill before Congress that would require big banks to pay into a $150 billion fund to be used to dismantle a failing bank thought so big or so interconnected that if it collapsed suddenly it would threaten the economy’s stability. The piece was picked up Dec. 27 by McClatchy News Service.

Klingler on National Public

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