Cornelius K. Hurley

Director, Center for Finance, Law & Policy, Professor of the Practice of Banking Law

Expertise:
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Education:

AB, College of the Holy Cross, 1968
JD, Georgetown University, 1974
PMD, Harvard Business School, 1986

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Professor Cornelius K. Hurley has over 30 years of diversified legal and entrepreneurial management experience in financial services. He is a director of Computershare Trust Company, N.A., and of the Federal Home Loan Bank of Boston. Professor Hurley established the Boston office of The Secura Group, Washington, D.C. Formerly, he was general counsel of Shawmut… Read more

Professor Cornelius K. Hurley has over 30 years of diversified legal and entrepreneurial management experience in financial services. He is a director of Computershare Trust Company, N.A., and of the Federal Home Loan Bank of Boston. Professor Hurley established the Boston office of The Secura Group, Washington, D.C. Formerly, he was general counsel of Shawmut Corporation and assistant general counsel of the Board of Governors of the Federal Reserve System. Active in the American Bar Association, he is a faculty member of Banking Law Basics, Banking Law II, Consumer Financial Services Basics, and Investment Management Basics, all institutes conducted jointly by the Morin Center and the ABA. He teaches Banking Structure and Regulation and the Thesis Seminar in the Graduate Program. Professor Hurley also serves as reporter to the American Bar Association’s Task Force on Financial Markets Regulatory Reform. He is the Director of the Center for Finance, Law & Policy.

In the Media

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  • Baker Admin. Will Inherit Stable Banking Community

    November 23, 2014

    Banker & Tradesman (aubscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Elections are a little bit like Christmas, in that stakeholders in the financial services industries will be holding their breath to see what Santa – or a new Republican Congress or governor – will bring them… Expert quote: “It’s […]

  • Should Bankers Fear Obama’s Pick for Attorney General?

    November 19, 2014

    American Banker (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, but it appears that the country’s banks can breathe easy over the pending shake-up… Expert quote: “They’ve decided to go after shareholders with massive multibillion fines rather than the […]

  • Should Bankers Fear Obama’s Pick for Attorney General?

    November 11, 2014

    American Banker (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, leaving bankers wondering whether she will be tougher on institutions than her predecessor… Expert quote: “They’ve decided to go after shareholders with massive multibillion fines rather than the individuals, […]

  • Fed Said to Seek More Time to Mull Actions on FX Traders

    November 6, 2014

    Bloomberg Cornelius Hurley, School of Law, Center for Finance, Law & Policy The Federal Reserve asked some currency traders under investigation for foreign-exchange manipulation to waive the deadline for civil actions against them, according to two people with knowledge of the situation… Expert quote: “It’s by going after the individuals that you get cultural changes. The drawback is […]

  • New US rules on banks, borrowers eased to spark wider home lending

    October 21, 2014

    Associated Press Cornelius Hurley, School of Law, Center for Finance, Law & Policy Buying a home may have gotten a little easier this week… Expert quote: “The regulators’ work on the rules attracted the essence of the housing industrial complex. They all came out of the woodwork.” View full article

  • Fed spotted JPMorgan ‘Whale’ risks years before scandal –inspector

    October 21, 2014

    Reuters Cornelius Hurley, School of Law, Center for Finance, Law & Policy The Federal Reserve’s New York branch knew about risks JPMorgan Chase & Co was taking with its massive “London Whale” derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. central bank’s inspector general […]

  • Sizing Up Banks

    September 22, 2014

    CFO Magazine Cornelius Hurley, School of Law, Center for Finance, Law & Policy In July, small business and middle market lender CIT Group joined an elite club. In acquiring California’s OneWest Bank, the phoenix that arose from the ashes of mortgage lender IndyMac, it voluntarily crossed the threshold to being a “systemically important” financial institution. With $67 billion in […]

  • Depositors block bank’s plan to convert to a publicly traded stockholder business

    September 2, 2014

    Boston Globe (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy Massachusetts has lost many of its community banks in recent years, in part because some converted from private to publicly held companies, opening the door to acquisitions by bigger banks — and to big paydays for executives… Expert quote: “There […]

  • Here comes Wells Fargo

    August 29, 2014

    Boston Business Journal (subscription required) Cornelius Hurley, School of Law, Center for Finance, Law & Policy As Wells Fargo & Co. blanketed the country with its branches and ATMs over the years, most of New England has remained one step out of its aggressive retail expansion… Expert quote: “The problem is that Wells Fargo is considered a […]

  • Rejection of banks’ living wills unlikely to carry near-term enforcement action

    August 8, 2014

    SNL The Daily Dose Cornelius Hurley, School of Law, Center for Finance, Law & Policy Following the rejection of the second submission of living wills for 11 large, complex banks, regulatory consultants are looking to July 2015, when the banks have to re-submit their plans. The fundamental question: What would regulators do if banks failed to address […]

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