Thanks for the Honor, But . . .

Senate Banking Committee Considers whether GSEs Should Be SIFIs
Steven Lofchie Commentary by Steven Lofchie
The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on whether Fannie Mae and Freddie Mac should be designated as systemically important financial institutions.
Japanese Bank Settles Lawsuit against NYDFS in Connection with OCC Charter Conversion
A Japanese bank agreed to pay the New York State Department of Financial Services $33 million to settle claims relating to the conduct occurring prior to the bank's conversion of its state-licensed branches to federally licensed branches in November 2017.
CFTC Proposes to Codify Process for Terminating Relief for Foreign Futures Firms
The CFTC proposed rule amendments that would codify its process for terminating exemptive relief granted to foreign firms offering futures and options to U.S. customers.
FTC Targets Illegal "Robocalls"
The FTC and partner agencies in federal, state and local enforcement commenced a joint action targeting illegal prerecorded telemarketing calls.


Analysis

Cadwalader Attorneys Analyze Third Circuit Ruling Concerning Intercreditor Agreements
Cadwalader attorneys analyzed a Third Circuit decision holding that distributions to a debtor's first lien creditors are governed by the Bankruptcy Code and not an intercreditor agreement's waterfall provision on the enforcement of collateral remedies.