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Travis Nelson Organizes Annual OCC Alumni Association Event in Washington, DC

On October 12, 2017, Travis Nelson of the Reed Smith’s Financial Services Regulatory Group, organized the annual Office of the Comptroller of the Currency (OCC) Alumni Association reception and dinner in Washington, DC. Travis is the current Secretary-Treasurer and former board President of the Association.  Attended by nearly 100 current and former OCC employees, it … Continue Reading

Blockchain Technology Draws Request for Information from UN

Following the trend of regulators across the globe, the United Nations Office for Project Services’ (“UNOPS”) issued a request for information regarding the application of blockchain technologies on April 24, 2017.  The UNOPS has formed a blockchain group within the United Nations to analyze the possible applicability of blockchain technologies to the international assistance area.  … Continue Reading

Recent changes to the German regulatory situation for debt funds

Pursuant to recent legislative changes, certain investment funds are now entitled under certain conditions to originate or restructure loans in Germany without the need to obtain a banking licence for lending. Due to the legislative changes, it is now easier to originate or restructure third party loans for certain types of German alternative investment funds … Continue Reading

Meet Chris Christie’s Choice for Commissioner of Banking & Insurance for New Jersey

As part of a restructuring in his administration, New Jersey Governor and GOP Presidential Candidate Chris Christie has nominated Richard J. Badolato, formerly a private practice insurance litigator in Roseland, NJ, as the new Commissioner of the New Jersey Department of Banking and Insurance. Mr. Badolato has been serving as Acting Commissioner since August 1, … Continue Reading

The European Securities and Markets Authority (ESMA) published advice on the extension of the Alternative Investment Fund Managers Directive (AIFMD) passport on 30 July 2015 (the Advice).

For Jersey and Guernsey, the ESMA Advice was positive: no obstacles exist to the extension of the AIFMD passport to these jurisdictions.  AIFMD Article 67 envisages that a delegated act will follow within three months to implement this advice.  However, the time-frame for this now appears to be uncertain. The Advice notes that the Commission … Continue Reading

Supreme Court upholds ‘disparate impact’ under the FHA but emphasizes that claims cannot rely on statistics alone

In a much-anticipated decision, the U.S. Supreme Court held in Texas Department of Housing and Community Affairs v. Inclusive Communities Project (“Inclusive Communities”) that claims of disparate impact discrimination are cognizable under the Fair Housing Act (“FHA”). In the case, the Inclusive Communities Project (“ICP”) accused the Texas state housing agency of violating the FHA … Continue Reading

Reed Smith Presents on Navigating the TCPA Minefield

Our Data Security, Privacy & Management colleagues, Timothy J. Nagle and Christine Nielsen Czuprynski, along with the Association of National Advertisers (ANA), are presenting a free webinar, Navigating the TCPA Minefield, January 14, 2014, at 1 p.m. EST. Marketers are embracing the opportunity to communicate relevant content to interested consumers in real time via text … Continue Reading

What Constitutes an Autodialer? The Debate Continues

This entry was written by Judy Harris and posted by Travis P. Nelson. Our Global Regulatory Enforcement colleagues Judy Harris and Jack Gindi recently wrote a client alert on the TCPA. The alert discusses a recent state court decision in California, and before it, a district court decision in Alabama, that both found that equipment used to facilitate … Continue Reading

Where We Are: New Jersey Banker’s Association Document Retention and Data Security Seminar

With the variety of federal and state laws governing records retention policies, everyone from attorneys, and compliance and human resources managers, to information systems personnel, are left with questions as to which documents they should keep, how they should be kept, and what happens when there is a problem. Please join Travis P. Nelson, Esq., … Continue Reading

Federal Housing Inspector General Issues Audit Report

On Wednesday, March 7, 2012, the Office of the Inspector General (OIG) of the Federal Housing Finance Agency (FHFA) completed a performance audit (“Audit”) to assess whether the FHFA has an effective supervisory control structure in place to adequately identify and mitigate risks involving mortgage servicing contractors. The FHFA was created by the Housing and … Continue Reading