Ramping Up Rules For Covered Financial Cos.

Law360 (November 3, 2010, 1:54 PM EDT) -- Title II of the Dodd-Frank Act establishes a new nonjudicial receivership alternative for resolving troubled financial companies that could threaten the stability of the U.S. financial system (Covered Financial Companies), as described further below. The Federal Deposit Insurance Corporation, on Oct. 12, 2010, issued a notice of proposed rulemaking to begin to implement the provisions of Title II....

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