SIFMA, the American Bankers Association and the Financial Services Forum urged the Federal Reserve Board to extend a temporary interim final rule amending the Supplementary Leverage Ratio.
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A financial services firm and its parent company agreed to pay a $120 million penalty to settle CFTC charges that it submitted false reports in an attempt to manipulate a global benchmark for interest rate products.
A bank agreed to pay $100 million to settle a class action lawsuit concerning charges of LIBOR manipulation.
Wells Fargo announced that it had agreed to pay $110 million to settle a class action lawsuit regarding retail sales practices.
Cadwalader partners summarized key provisions of the Economic Growth, Regulatory Relief, and Consumer Protection Act.