Editor’s note: This article is the second in a two-part series.
On December 24, 2012, two other significant pieces of legislation became effective impacting financial institutions regulated by the Pennsylvania Department of Banking and Securities. First, HB 2368 streamlined the Banking Code of 1965, 7 P.S. § 101 et seq., to eliminate provisions duplicative of federal law and incorporated certain provisions of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act. Noteworthy changes include:
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