All articles by Joe Mont – Page 26
-
Blog
Snapping losing streak, CFPB gets constitutional nod from appeals court
Amid Republican led efforts to weaken its purview, the Consumer Financial Protection Bureau has prevailed against a legal challenge to the constitutionality.
-
Blog
OCC chides Senate critics, defends supervisory reforms
The Comptroller of the Currency is fighting back against accusations by Senate Democrats, that his agency was slow to adapt to lessons learned from last year’s problematic behavior at Wells Fargo.
-
ArticleDespite deregulation push, the SEC keeps working on new rules
Even as the Trump Administration trumpets its deregulation efforts, the SEC is working to implement a backlog of stalled rules already on the books.
-
Article
On the front lines with machine learning and AML battles
An inside look at how one company is helping one of Singapore’s largest banks utilize machine learning and artificial intelligence.
-
Blog
CFPB finalizes changes to prepaid accounts rule
The Consumer Financial Protection Bureau has announced finalized to its prepaid rule. Included in the changes is a year-long extension to the effective date.
-
Blog
SEC invites companies to submit diversity assessments
The Securities and Exchange Commission, through its Office of Minority and Women Inclusion, has introduced a voluntary diversity self-assessment report. The Commission will also ask firms to submit diversity policies and practices.
-
Blog
CFTC charges executives for ongoing virtual currency scam
The CFTC announced that it is bringing commodity fraud and misappropriation charges related to the ongoing solicitation of customers for a virtual currency known as My Big Coin.
-
Blog
White House imposes tariffs on washing machines, solar panels
President Trump executed on his “America First” doctrine this week by declaring new tariffs on imported solar panels and washing machines. Critics fear the move is an opening salvo to a trade war with China.
-
Blog
House Committee advances new roster of regulatory reforms
The House Financial Services Committee has advanced a new slate of 15 bills on to the full House and Senate for their consideration. Passage of several of the bills would offer financial institutions regulatory relief.
-
Blog
St. Thomas Moore’s influence on the recast CFPB
The reshaping of the CFPB at the hands of Acting Director Mick Mulvaney continued this week: In an “all hands” memo, Bureau employees were prepared for a philosophical readjustment.
-
Blog
Senate confirms Powell as chairman of Federal Reserve
A Senate vote this week confirmed Federal Reserve Governor Jerome Powell’s nomination to serve as the next chairman of the central bank. He replaces outgoing Fed Chairman Janet Yellen.
-
Blog
Congress wants action on Wells Fargo regulatory plan
U.S. Senator Bob Menendez (D-N.J.), is among the concerned senators urging the Comptroller of the Currency to quickly act upon regulatory recommendations that emerged after last year’s fake accounts scandal at Wells Fargo.
-
Blog
Tesla offers CEO Elon Musk a monumental pay-for-performance deal
Under Tesla's proposed pay-for-performance compensation plan for CEO Elon Musk, his compensation will not fully vest unless the company grows its market cap to $650 billion, an increase of nearly $600 billion.
-
Article
The rise of passive investors as a corporate governance force
Investors in index funds are taking a page from their activist counterparts and making demands on companies. The surprise: Those companies are listening.
-
Article
Goodbye CFPB; it was fun while it lasted.
Slowly but surely, those critics of the Consumer Financial Protection Bureau’s are close to winning their battle, aided by efforts to dismantle the agency from within.
-
Blog
Quarles gives overview of Fed’s regulatory strategy
Marking his three-month anniversary as the Board of Governors for the Federal Reserve’s vice chairman for supervision, Randal Quarles discussed plans for improving the effectiveness of post-crisis financial regulation.
-
Blog
CFTC, SEC issue joint enforcement warning on virtual currencies
The CFTC and SEC have issued a warning regarding virtual currencies. They “will look beyond form, examine the substance of the activity, and prosecute violations of the federal securities and commodities laws.”
-
Blog
OCC: even in rip-roaring economy, bank risks persist
The Office of the Comptroller of the Currency has released a new report highlighting the credit, operational, and compliance risks that persist as key concerns for the federal banking system.
-
Blog
Trump, once again, voices support for bank deregulation
Speaking at the White House this week, President Trump once again trumpeted the need for even more bank deregulation, especially rules that may impede lending.
-
Blog
Battle against net neutrality rollback intensifies
State attorney generals are suing to reverse the Federal Communications Commission’s retreat from past net neutrality policies. Meanwhile, Congressional Democrats say they are nearing the level of bipartisan support needed to force a like-minded vote in the House and Senate.