NEW Bureau Issues Small Entity Compliance Guide on Arbitration Rule (9/18/17)
The Consumer Financial Protection Bureau on September 15 issued a small entity compliance guide for the Arbitration Final Rule. The Guide provides a summary of the Arbitration Final Rule and highlights information that the financial industry may find helpful when implementing it. The Rule is effective September 18, 2017 and the compliance date is March 19, 2018.
NEW DOJ’s Rosenstein Signals Changes to Individual Prosecutions for Corporate Crimes (9/18/17)
Deputy Attorney General Rod Rosenstein last week signaled that the Department of Justice is reviewing a policy announced under the Obama administration that sought to increase prosecutions of individuals in corporate wrongdoing cases. “It’s under review and I anticipate that there may be some change to the policy on corporate prosecutions,” said Rosenstein at a think tank event in Washington.