Daily Briefs

Detroit Mercy Law to host Patent Drafting Competition Feb. 11

Detroit Mercy Law is hosting its Second Annual Patent Drafting Competition, beginning with a reception on Friday, February 10, from 5:30-7 pm in the atrium. Competitors from 12 law schools across the U.S. and Canada will join leaders of intellectual property law, including representatives of the U.S. Patent & Trademark Office and attorneys, alumni, faculty, and administrators, to kick-off the competition. The competition will be held on Saturday, February 11, at the USPTO satellite office in Detroit, a few minutes from the Detroit Mercy Law campus. For additional information regarding the event and sponsorship opportunities, contact Assistant Dean  Denise Hickey.


ABA Business Law Section hosts banking law conference Jan. 5-7

Adam Szubin, acting under secretary for terrorism and financial intelligence at the U.S. Department of Treasury, will deliver keynote remarks during the American Bar Association Business Law Section 2017 Banking Law Committee Meeting, Jan. 5-7 in Washington, D.C.

Szubin leads the policy, enforcement, regulatory and intelligence functions of the Treasury Department aimed at identifying and disrupting the lines of financial support to international terrorist organizations, proliferators of weapons of mass destruction, narcotics traffickers and other actors posing a threat to our national security or foreign policy.

Also on Friday, Michael Piwowar, a Republican commissioner with the Securities and Exchange Commission appointed by President Obama in 2013, will be the keynote luncheon speaker.

Program highlights include:

• “Agency General Counsels Discussion” — Interactive panel will review the most critical issues facing the banking agencies, as well as reporting on recent interpretive letters, rulemakings or enforcement actions.

• “Authorized Activities for Banks and FHCs – An Era of Expansion or Contraction?” — Panel will explore recent initiatives to pare back permissible activities for banks and bank holding companies, including recommendations contained in the recent “Dodd-Frank Section 620” interagency report to Congress and a proposal by the Federal Reserve to substantially increase capital requirements on nonfinancial physical commodity-related activities (and related efforts to limit merchant banking authority), among others. The panel will also assess prospects for future changes to permissible activities in light of the new Trump Administration and anticipated legislative reforms.

• “Consumer Financial Protection Bureau: Update and Outlook” — Panelists will discuss recent CFPB enforcement trends and rulemakings, as well as the outlook for the CFPB following the November election. • “View From The Hill” — Panel will review the 2016 legislative year, including discussing legislation considered by Congress and congressional hearings of importance to the financial services industry. The panel will also discuss how Congress’ priorities will change under the new Trump administration and what types of financial services legislation the new Congress is likely to consider.