Insights

Financial Services

Former Senior Vice President, Assistant General Counsel, and Chief Compliance Officer of 1st Source Bank Joins Krieg DeVault's Financial Institutions Practice

November 8, 2015

Krieg DeVault is pleased to announce that Lori Jean, former Senior Vice President, Assistant General Counsel, and Chief Compliance Officer of 1st Source Bank (“1st Source”), has joined the firm as a Partner. Jean will be a member of Krieg DeVault’s well-established Financial Institutions Practice…

CFPB Moves to Significantly Restrict the Use of Arbitration Clauses they Consider a "Free Pass"

By: Brett J. Ashton on October 7, 2015

The Consumer Financial Protection Bureau (the “CFPB” or the “Bureau”) took another step today towards effectively banning the use of arbitration clauses in financial services contracts with the release of their Proposal on Pre-Dispute Arbitration Agreements and its accompanying Discussion Issues…

Regulatory Agencies Issue Last Minute Guidance Regarding Implementing the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule

By: Brett J. Ashton on October 5, 2015

The Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) Integrated Disclosure Rule ("TRID" or the "Rule") became effective on October 3, 2015. In the weeks leading up to this already once delayed effective date, several financial services trade associations…