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SIFMA, the Loan Syndications and Trading Association ("LSTA") and the Managed Funds Association ("MFA") (collectively "the associations") filed an amici curiae brief in a case that considered how to discount future payments under a plan of reorganization in order to provide secured creditors with payments "of at least the value" of their claim pursuant to Section 1129(b) of the Bankruptcy Code. The brief was filed with the U.S. Court of Appeals for the Second Circuit in Momentive Performance Materials Incorporated, et al. v. BOKF, NA et al. Section 1129(b) allows the court to confirm a plan of

The Dodd-Frank Act requires the CFPB to prescribe rules establishing procedures for the conduct of adjudication proceedings. On July 28, 2011, the CFPB published an interim final rule establishing these procedures with a request for comment. This final rule responds to the comments received by the CFPB and amends the CFPB's regulations accordingly. View rule release in full here (links externally to Federal Register website).

After considering the public comments on its interim final rule for the Rules Relating to Investigations, the CFPB, pursuant to the Dodd-Frank Act, is making revisions to its procedures for investigations under section 1052 of the Dodd-Frank Act. View rule release in full here (links externally to Federal Register website).