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AMERICAN BANKERS ASSOCIATION et al v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Case Number:
1:13-cv-02050
Court:
Nature of Suit:
Judge:
Companies
Government Agencies
Sectors & Industries:
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February 12, 2014
Banking Group To Withdraw Suits Over Volcker Rule
The American Bankers Association and four banks told a Washington, D.C., federal court Wednesday that they will voluntarily withdraw litigation seeking to block the so-called Volcker Rule from applying to certain "trust-preferred" collateralized debt obligations, after federal regulators changed the provisions-at-issue.
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January 02, 2014
Bank Watchdogs To Explore Volcker Exemption After ABA Suit
Federal financial regulators announced last week that they will consider exempting certain "trust-preferred" collateralized debt obligations from the so-called Volcker Rule, the Dodd-Frank Act's ban on proprietary trading by banks, after the industry sued over the CDOs' inclusion in the rule.