All articles by Joe Mont – Page 21
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ArticleKim Yapchai: The role model
At Tenneco, Chief Ethics and Compliance Officer Kim Yapchai is building on years of experience to strengthen the company’s global compliance program.
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Assessing Facebook’s many regulatory and compliance lessons
After a hectic week of Congressional testimony, there is a better understanding of Facebook’s data protection woes. There is also plenty of fodder for regulatory and compliance debates.
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Push for Volcker rule reforms gains momentum
Since the day the Dodd-Frank Act was passed nearly a decade ago, the Volcker rule has been a burr under the saddle for Republicans. Now, their complaints are a lot closer to having a remedy, with plans to ease the rule’s burden on community banks.
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Blog
SEC commissioners argue for increase to monetary cap on Regulation A
SEC Commissioners Michael Piwowar and Hester Peirce are breaking ranks with their peers over the monetary cap assigned to Regulation A exemptions. They want to boost the offering limit for the under-used exemption from $50 million to $75 million.
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SEC sets date to debate its own fiduciary duty rule
After months of parsing through comment letters and collecting financial industry feedback, the SEC is ready to inject itself in the controversial effort to create a fiduciary duty regulation for broker-dealers and investment advisers. The Commission has scheduled an open meeting on Wednesday, April 18, to debate a potential rule ...
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DoJ: Seized Website was a hotbed of sex, trafficking, money laundering
The Justice Department this week seized backpage.com, an online forum for prostitution ads, including those related to child trafficking. Days later, President Trump signed into law a bill that carves away one-time legal protections for such sites.
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Federal Reserve floats simplified capital rules and stress tests
The Federal Reserve Board is seeking public comments on a proposal intended to simplify its capital rules for large banks and potentially loosen requirements for the stress tests administered to them.
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Williams named president and CEO of New York Fed
John Williams, current chief executive officer of the Federal Reserve Bank of San Francisco, has been appointed to the same position at the Federal Reserve Bank of New York. He will replace current president William Dudley in June.
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CFPB seeks public input on complaint collection
Amid its current overhaul under new leadership, the Consumer Financial Protection Bureau is seeking feedback on its process for logging consumer complaints.
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AGs sue Trump Administration over Clean Air Act
A coalition of attorneys general has filed a lawsuit against the Trump administration and the EPA for “ignoring its legal duty to control emissions of methane, an extremely potent greenhouse gas, from existing oil and gas operations.”
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Ellison questions HHS hire from CVS Caremark.
Rep. Keith Ellison (D-Minn.) is asking Department of Health and Human Services Secretary Alex Azar for an explanation of the decision to hire CVS Caremark Vice President Daniel Best to lead the agency’s drug pricing reform effort.
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Corporate culture may be even more important now
Smart strategies for influencing corporate culture include aligning incentives and recognizing that “tone at the top” needs to be supplemented by “tone at the bottom.”
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ArticleSEC takes a longer look at pre-IPO companies, Rule 701
With more and more successful companies choosing to go public, the SEC is paying closer attention to how they issue employee stock options.
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New York pension fund will vote against boards with no women directors
The New York State Common Retirement Fund, the third largest public pension fund in the United States, says it will vote against board directors standing for re-election at companies that have no women on their boards.
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Acting CFPB director wants a radical overhaul of the agency
In the pages of the CFPB’s semi-annual report, Acting Director Mick Mulvaney included four recommendations for legislative changes to the agency. “The Bureau is far too powerful, with precious little oversight of its activities,” he said.
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Treasury wants to ‘modernize’ Community Reinvestment Act
The Treasury Department has announced recommendations for updating the Community Reinvestment Act. The stated goal “is to better align CRA activity with the needs of the communities that banks serve.”
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Did some companies fudge their pay ratio disclosures?
As the initial batch of disclosures to meet requirements of the Securities and Exchange Commission’s pay ratio rule trickle in, activists are already flagging concerns that companies may be a bit too creative with their calculations.
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Senators demand data use answers from Grindr
In response to media reports that the LGBTQ dating app Grindr shared information about users’ HIV statuses with third parties, Senators Edward J. Markey and Richard Blumenthal are demanding answers about the company’s data practices.
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EPA wants to revise, scale back automobile emissions standards
The EPA is looking to backtrack from Obama-era fuel emission standards imposed upon auto manufacturers. Administrator Scott Pruitt announced a determination that the current standards “are not appropriate and should be revised.”
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Trump's new tariffs could trigger trade war with China
In response to what the White House views as China’s unfair trade practices, the Office of the U.S. Trade Representative has announced a list of products that could be subject to additional tariffs. China has countered with a list of its own.