Compact to Help Ohioans Preserve Homeownership Adopted
April 2008 |
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Bulletin on the April 2008 "Compact to Help Ohioans Preserve Homeownership" signed by Ohio Governor Strickland and nine national mortgage loan servicers.
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Proposed Rule Changes to the Ohio Mortgage Loan Act and the Small Loans Act
April 2008 |
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Bulletin on proposed changes from the Ohio Division of Financial Institutions to the rules implementing the Ohio Mortgage Loan Act and Small Loans Act.
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Disclosing Examination Matters and Enforcement Proceedings
January 2008 |
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Article discussing the difficult and complex dilemma facing bankers as to whether, and to whom, information concerning examination activities and informal enforcement proceedings may be disclosed outside the organization.
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Practical Implications of Bank Regulatory Enforcement Actions
January 2008 |
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Agency enforcement actions present a challenging environment for the banking institution, particularly if and when the actions become public through disclosure by the bank or the agency.
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Ohio Banking Law Newsletter - Winter 2008
January 2008 |
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News and information for banking and financial institutions, including a discussion of the role of the bank director in the post-Sarbanes era.
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Human Resources Bulletin: The Facts About the Ohio Healthy Families Act
December 2007 |
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Information on and a series of questions and answers on the proposed Ohio mandatory leave initative.
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A Case To Watch: Ohio Supreme Court to Decide Validity of Attorney Fee Provision in Mortgage Reinstatement Clauses
November 2007 |
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Bulletin on a pending Ohio Supreme Court case that will have an impact on the
ability of a mortgage lender to recoup its attorney’s fees when a defaulting borrower elects to reinstate a mortgage following a default.
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Ohio Governor, Attorney General, Director of Commerce and Chief Justice Announce Significant New Actions to Address Foreclosure Issues
November 2007 |
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On November 8, 2007, the Ohio Governor, Attorney General, Chief Justice, and Commerce Director announced significant new actions designed to prevent additional home foreclosures in Ohio.
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Ohio Attorney General Targets Financial Institutions in Credit Card Marketing Initiative
October 2007 |
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Bulletin on Ohio Attorney General Marc Dann challenges to the credit card advertising practices of financial institutions under Ohio’s Consumer Sales Practices Act.
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Summary of the Ohio Foreclosure Prevention Task Force Recommendations
September 2007 |
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Summary of the September 2007 recommendations of the Ohio Foreclosure Prevention Task Force, established in March 2007 by
Governor Strickland to scrutinize the increasing number of home foreclosures in Ohio.
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Ohio Banking Law Newsletter - Fall 2007
September 2007 |
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A newsletter for the banking industry with a lead article on disclosure of examination matters and enforcement proceedings.
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Disclosing Examination Matters and Enforcement Proceedings
August 2007 |
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Discussion of banking's difficult and complex dilemma of disclosing information outside the organization concerning examination activities (including exam ratings and findings) and informal enforcement proceedings.
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Staying Dark: Avoiding Shareholder Creep
August 2007 |
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How to respond to "shareholder creep" -- one day you find you have exceeded the number of shareholders which trigger the obligation to register with the United States Securities and Exchange Commission.
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Government Contractors Beware: Update of Ohio's Pay-to-Play Laws
July 2007 |
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Update on amendments to Ohio HB 694 and pending lawsuits and the ability of government contractors to make political contributions.
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Challenges to Revenue Sharing Practices of Financial Services Providers
July 2007 |
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Article discussing a new wave of litigation challenging the revenue sharing practices of financial services providers across the country.
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Ohio General Assembly Adopts Various Amendments to House Bill 694
June 2007 |
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The recently passed Ohio House Bill 119, the state budget bill, contains several amendments to, and addresses a number of concerns raised since the passage of House Bill 694 which placed significant restrictions on political contributions by government contractors.
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Ohio Attorney General Brings Senate Bill 185 Lawsuits: Litigation Targets Predatory Lending Activities in Ohio
June 2007 |
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Bulletin discussing Ohio Attorney General Marc Dann's recently filed lawsuits seeking to enforce Ohio’s new predatory lending laws recently enacted in Senate Bill 185, with copies of the complaints.
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U.S. Supreme Court Limits Insurance Company Liability For FCRA Violations
June 2007 |
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Bulletin on U.S. Supreme Court decision siding with two insurance companies limiting their potential liability under the Fair Credit Reporting Act for failing to notify consumers of higher insurance rates based on lower credit ratings.
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Ohio Banking Law Newsletter - Summer 2007
June 2007 |
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This issues contains an article on surviving bank regulatory enforcement actions
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Recent Developments in Ohio Student Lending Investigation: Investigation Expanded to Alumni Associations & Foundations - Ohio Ethics Commission Issues Warning
May 2007 |
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Bulletin on the expanded investigation and review of student lending practices in Ohio with a warning by the Ohio Ethics Commission and an announcement by the Ohio Attorney General of a broader review.
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Student Loan Controversy: Ohio Joins the Nationwide Fray
May 2007 |
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Bulletin on an investigation by Ohio Attorney General into higher education student loan lending practices.
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Surviving Bank Regulatory Enforcement Actions
May 2007 |
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Discussion of bank regulatory enforcement actions that become publicly disclosed, whether directly by the agencies as a result of statutory disclosure requirements or directly or indirectly by the financial institution.
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Ohio Foreclosure Prevention Task Force Continues Scrutiny of Mortgage Industry
May 2007 |
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Information on Ohio Governor Ted Strickland's Foreclosure Prevention Task created to scrutinize the increasing number of home foreclosures in Ohio.
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Federal Agencies Issue Proposed Rule on GLB Act Model Privacy Form
April 2007 |
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Bulletin on proposed regulations issued March 29, 2007 adding a model form which financial institutions may use as a safe
harbor for compliance with the Gramm-Leach-Bliley notice provisions.
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Attorney General Targets New Century Financial Corp., Announces Review of Other Sub-Prime Mortgage Lenders
April 2007 |
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Article discussing an agreement between the Ohio Attorney General and New Century Financial Corp. regarding Ohio mortgate loans and announcement of the review of similar foreclosure and mortgage issues by other lenders in Ohio.
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Commercial Real Estate Concentration: Too Much of a Good Thing?
March 2007 |
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Discussion of the December 2006 joint guidance issued by Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve regarding bank concentrations in commercial real estate.
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Ohio Banking Law - Spring 2007
March 2007 |
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A new quarterly publication covering legal issues of interest to the banking and financial services industry.
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What are Industrial Loan Companies?
February 2007 |
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Discussion of Industrial Loan Companies, how they differ from banks and thrifts, and their future in the financial services market.
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The Financial Services Regulatory Relief Act of 2006: An Overview
January 2007 |
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Bulletin on the Financial Services Regulatory Relief Act of 2006, signed into law by President Bush on October 13, 2006, designed to provide relief and improve productivity for insured depository institutions.
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Government Contractors Beware: Political Contributions Could Cost You Business
January 2007 |
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Bulletin on the new Ohio law H.B. 694 severely limiting political contributions by government contractors. The bill was signed by the Governor on January 2, 2007.
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Employment Bulletin: Legislation Implementing Ohio’s New Minimum Wage Amendment Passed
December 2006 |
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Bulletin on Ohio H.B. 690, passed the Ohio General Assembly and was signed into law by the Governor in December 2006, to implement the minimum wage constitutional amendment.
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Streamlining Ohio's Laws Governing Business Entities
October 2006 |
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Bulletin on Ohio House Bill 301, effective on October 12, 2006, which changes many portions of the Ohio laws governing business entities.
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The Pension Protection Act of 2006: Important Considerations for Bank-Owned Life Insurance
September 2006 |
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A combination of new reforms and best practices
for Bank-Owned Life Insurance (BOLI) recently
were codified with the August 17, 2006 approval
of the Pension Protection Act of 2006.
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Ohio Department of Insurance Considering New Controls on Title Insurance Agencies' Affiliated Business Arrangements
September 2006 |
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In response to the Ohio predatory lending law, SB 185, as well as the Ohio Department of Insurance’s own experiences dealing with title insurance agents and agencies, the Department is considering new controls on “affiliated business arrangements.”
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What is “Preemption”?
August 2006 |
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Article discussing “preemption", its impact on bank and thrift operations, and activities which are subject to the concept of federal preemption.
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What are ILC’s?
July 2006 |
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Discussion of Industrial Loan Companies, how they differ from banks and thrifts, and their future in the financial services market.
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Subchapter S Eligibility for Community Banks: The American Jobs Creation Act of 2004
June 2006 |
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Article on the American Jobs Creation Act of 2004 which expands opportunities for existing, as well as de novo, community banks to take advantage of Sub S treatment.
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Reputation Risk
June 2006 |
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Article discussing how a bank can deal proactively to address risk to the corporate reputation.
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Summary of Senate Bill 185, Ohio Home Ownership Protection Act
June 2006 |
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Summary of the provisions of Ohio Senate Bill 185, the Ohio Home Ownership Protection Act, and also known as the predatory lending bill, which passed the Ohio General Assembly on May 24, 2006.
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Bank Regulatory Enforcement Actions
April 2006 |
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Article discussing enforcement actions by bank regulatory agencies which have become more prevalent and visible recently.
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Surviving Bank Regulatory Enforcement Actions
January 2006 |
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Discussion of bank regulatory enforcement actions that become publicly disclosed, whether directly by the agencies as a result of statutory disclosure requirements or directly or indirectly by the financial institution.
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House Bill 104: Security Breach Legislation
December 2005 |
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Analysis of H.B. 104 which requires state agencies and certain business entities to notify Ohio consumers in the event of a breach of security.
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Provisions of Am. Sub. H.B. 66 Affecting the Insurance, Banking and Financial Services Industry
July 2005 |
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Discussion of several provisions of interest to insurance companies, financial institutions, and dealers in intangibles in Ohio's biennial budget and tax reform legislation, signed into law on June 30, 2005.
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The Rules Governing Faxed Communications, Newsletters and Advertising Are About to Change
May 2004 |
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Bulletin discussing new federal rules governing faxed communications, newsletters, and advertisements by corporations and associations that contact existing or potential customers or members.
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