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Senate Bill May Make It More Difficult for Large Banks to Satisfy Capital Reserve Requirements
The Restoring American Financial Stability Act passed by the Senate on May 20 ( discussed in an earlier post ) includes an amendment authored by Sen. Susan Collins (R-Maine), which would toughen the risk-and size-based…
Senate Passes Financial Reform Bill
The Senate last night passed its long-awaited version of financial system regulatory reform legislation, the Restoring American Financial Stability Act. In the coming weeks, each congressional chamber will select a…
RETAILERS: New Colorado Consumer Protection Law Requires Redemption of Gift Cards with a Cash Value of $5 or Less
On April 29, 2010, Colorado Governor Bill Ritter signed a consumer protection bill which requires gift card issuers to redeem the card, upon request, if the remaining value is $5 or less. In addition, it bans…
Rockefeller Introduces Legislation to Rein-In Negative Option Internet Offers
On May 19, 2010, Senator John D. Rockefeller, Chairman of the U.S. Senate Committee on Commerce, Science, and Transportation, introduced legislation that may have a significant impact on Internet retailers offering…
Has Your Company Suffered Losses from the Recent Flooding, Oil Spill, or Volcanic Ash? Coverage May be Available Under Your Company's Insurance Policies
If your company has suffered property damage or lost business as a result of recent catastrophic events – the extended closure of airspace due to volcanic ash from Iceland, the flooding of Nashville, Tennessee and…