All articles by Joe Mont – Page 36
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Blog
Rao confirmed as Trump Administration’s ‘regulatory czar’
The Senate has confirmed Neomi Rao, a professor at the Antonin Scalia Law School at George Mason University, to a top position at the Office of Information and Regulatory Affairs.
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GOP turns to Congressional Review Act for killing arbitration rule
Within hours of the CFPB issuing a new rule banning the mandatory use of arbitration agreements, Republicans threatened to rescind it using the Congressional Review Act.
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CFPB unleashes new arbitration rule
The CFPB’s efforts to ban mandatory arbitration clauses are now realized with a new rule, reopening a path to class-action lawsuits for aggrieved consumers of financial services.
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Correspondent banking fades; de-risking gets the blame
In an ironic twist, regulation designed to protect the global financial system is forcing whole regions outside the regulated financial system, creating more risk for everyone.
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Artifacts and artwork can collect trouble
Craft supply giant Hobby Lobby is in hot water for illegally importing historical artifacts. Other collections, including artwork, can also be a big problem for unsuspecting firms.
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OCC report highlights evolving risks
The Office of the Comptroller of the Currency has released its latest assessment of the strategic, credit, operational, and compliance risks that are top and evolving concerns for the federal banking system.
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Government takes break from trying to kill fiduciary rule to defend it
The Labor Department has found itself in the awkward position of defending the controversial “fiduciary rule” in court while a series of repeal-minded efforts are underway.
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SEC, CFTC make their pitch for boosted budgets
As new and emerging technology alters the risk landscape, increased budgets for the SEC and CFTC will help them fight fire with fire, agency heads said at a recent budget hearing.
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Why Hui Chen left the Justice Department
Hui Chen, a full-time compliance counsel expert for the Justice Department, has left her government post, criticizing President Trump on her way out the door.
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Court orders EPA to enforce methane rule
A federal court has ordered the EPA to resume its enforcement of a methane reduction rule imposed during the Obama Administration. Halting the requirements requires a full rulemaking process, it said.
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Supreme Court may resolve divide over whistleblower protections
What does a corporate whistleblower need to do to secure anti-retaliation protections? The Supreme Court will tackle the longstanding argument.
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ArticleTrump’s regulatory report card thus far: ‘Incomplete’
There is a lot of talk about regulatory retreats under the Trump Administration. Thus far, however, it has taken a more cautious approach than has been expected.
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SEC extends non-public, pre-IPO filings to all companies
The SEC will expand a benefit offered to emerging growth companies and permit all companies to submit draft registration statements relating to initial public offerings for review on a non-public basis.
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Bipartisan legislation seeks to put an end to secret companies
Bipartisan bills introduced this week call for a crackdown on anonymously owned companies created in the United States and stricter disclosure requirements regarding beneficial ownership.
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Labor Dept. delays compliance date for expanded injury reports
The Labor Department wants to delay the effective date of new electronic reporting requirements for workplace injuries. Also announced: it may rescind a controversial rule regarding overtime pay.
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A White House win: EPA will rescind 'Waters of the U.S.' rule
Satisfying an Executive Order issued by President Trump, the Environmental Protection Agency and Army Corps of Engineers will rescind the Obama Administration's "Waters of the U.S." rule.
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Dems: stress tests ‘show Dodd-Frank is working’
Good news from the latest round of big bank stress tests is giving Senate Democrats ammunition as they defend the Dodd-Frank Act against repeal-and-replace efforts.
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What would the regulators do?
A recent Senate Banking Committee hearing on “Fostering Economic Growth” showed that regulators are not entirely opposed to a regulatory rollback. Their thoughts are inside.
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SEC ponders public comments as fiduciary rule takes root with overseers
While the Labor Department and SEC are headed for a showdown over a fiduciary duty rule, another player has entered the mix: the CFP Board.
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Study looks at risk management’s evolution to strategy
The message from a recent Deloitte report: As a company’s risks multiply in frequency and complexity the answer isn’t just mitigation. Strategy can help swing risk to reward.