FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals
(Sixth Circuit)
Amicus Issue:
Whether, for bankruptcy law purposes, a bank is a “transferee” of funds deposited into a customer’s bank account.
Counsel of Record:
Clements, Brown & McNichols, P.A.
Joshua D. McKarcher
Other Amici:
American Bankers Association
Michigan Bankers Association
The Clearing House Association
The Ohio Bankers League
Consumer Bankers Association
Financial Services Roundtable
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