Ex-Fed Lawyer on ‘Faulty’ Compliance at Banks

From Corporate Counsel
By Sue Reisinger
April 24, 2013

Too many bank lawyers today sport an “unhealthy mindset” bent on finding loopholes in rules rather than on supporting the spirit of the law. That’s the opinion of one expert, law professor Cornelius Hurley, director of the Boston University Center for Finance, Law, and Policy.

This week Hurley—who served as general counsel of Shawmut National Corporation, a New England banking company, and as an assistant general counsel for the Board of Governors of the Federal Reserve System in Washington, D.C.—went one-on-one with CorpCounsel.com in a wide-ranging interview about financial institutions and the law.

Read the full interview at Law.com.