All articles by Joe Mont – Page 35
-
Blog
Proof in the pudding? Trump's deregulation efforts by the numbers
The newly released Unified Agenda of Federal Regulatory and Deregulatory Actions illustrates the torrid pace of rule-slashing engaged in by the Trump Administration. Another takeaway: don't expect lingering Dodd-Frank rulemaking to reappear any time soon.
-
Blog
Fracking rules on chopping block
As part of President Trump’s stated goal to encourage domestic energy production, the Bureau of Land Management is planning to rescind 2015 rules regarding fracking. The requirements have yet to go into effect due to legal challenges.
-
Blog
House votes to nix CFPB’s arbitration ban
With a party-line vote, Republicans in the House of Representatives have rallied with a vote to repeal the CFPB's recent ban on mandatory arbitration agreements. The repeal effort now moves onto the Senate for a vote.
-
Blog
Labor Department will rethink lingering overtime rule
The Department of Labor has published a Request for Information regarding a controversial overtime rule, a holdover from the Obama Administration. The agency is seeking public comments about the rule and who is, or is not, entitled to overtime pay.
-
Article
Rule overload vs. a rhetorical rabbit hole
Downsizing the regulatory regime can be a worthy goal that helps build the economy without harming the public. But be wary when politics guide the process.
-
Article
At 15, Sarbanes-Oxley Act inspires reflection, renewed attacks
The Sarbanes-Oxley Act, legislation that ushered in an era of refocused corporate compliance, is in the spotlight again. Has it worked? Or will it end up on the regulatory chopping block?
-
Blog
Trump nominates Peirce to SEC, echoing Obama in 2014
President Donald Trump has nominated Hester Peirce to serve on the Securities and Exchange Commission for the remainder of a five-year term. She was initially—and unsuccessfully—nominated by President Obama in 2014.
-
Blog
Rep. Cicilline shops for a hearing on Amazon’s Whole Foods buy
On the heels of “Prime Day,” Congressman David Cicilline (D-R.I.) is asking the House Judiciary Antitrust Sub-committee to hold a hearing on Amazon’s proposed $13.7 billion acquisition of Whole Foods.
-
Blog
New York expands state-based licensing platforms
New York is expanding online offerings for state-based licensing for both non-depository financial institutions and agents and brokers seeking to return to insurance businesses in the state.
-
Blog
Schumer can’t stomach fake organics
Amid the discovery of fraudulently labeled organic products coming into the U.S., Senate Minority Leader Chuck Schumer is demanding that the Department of Agriculture “step up oversight of imported foods.”
-
Blog
California rallies to resurrect, extend ‘cap-and-trade’
Despite a federal retreat from environmental regulations, a bipartisan coalition of California lawmakers has passed legislation that extends the state’s cap-and-trade program to 2030.
-
Blog
Bipartisan support grows for better exam coordination
In a letter to Treasury Secretary Steven Mnuchin, a bipartisan collection of more than two dozen legislators is demanding streamlined, better coordinated bank oversight and examinations.
-
Blog
State bankers unite against arbitration rule
State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.
-
Article
CFPB courts even more controversy with arbitration rule
A new rule finalized by the CFPB bans arbitration demands in financial services agreements. A boon to class-action attorneys, questions abound as to what it all means for firms.
-
Article
SEC focus on creating IPOs has hurdles to overcome
The SEC, through its new chairman, Jay Clayton, is looking to spark capital formation and new public offerings. Are its incentives enough?
-
Blog
CFTC opens public review of swaps data reporting
The CFTC has announced it is seeking public comments as it embarks on a comprehensive review of swaps data reporting requirements.
-
Blog
SEC’s Clayton outlines his agenda as chairman
In his first public speech as chairman, Jay Clayton outlined his priorities for the SEC. Among the topics he will focus on, cyber-security, capital formation, and assessing the compliance costs of rulemaking.
-
Blog
Report: STOCK Act ‘curtailed stock trading’ by Senators
“The STOCK Act has dramatically curtailed overall stock trading activity by U.S. senators,” says Public Citizen. Its new report cautions, however, that “many still trade in corporations they oversee in their official capacity.”
-
Blog
President nominates first-ever regulatory watchdog for Fed
President Trump has nominated Randal Quarles, a former official at the Treasury Department, as a member of the Board of Governors, filling a long-vacant role as the Fed’s regulatory watchdog.
-
Blog
House bill is latest effort to rewrite fiduciary rule
While the Department of Labor sputters along with efforts to rescind its fiduciary duty rule for brokers, House Republicans are taking matters into their own hands.