All articles by Joe Mont – Page 37
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Republicans ready unveiling of healthcare overhaul
After weeks of secrecy, Senate Republicans are poised to finally provide details on their plan to repeal and replace the Affordable Care Act, better known as Obamacare.
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Trump reverses course on normalizing relations with Cuba
Businesses looking to do business in Cuba will have a new regulatory approach to navigate. Business opportunities opened under the Obama administration face new restrictions under President Trump.
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Frustrated CFTC Commissioner steps down, other agencies staff up
The CFTC is losing a long-time member after Sharon Bowen publicly aired her frustrations. Meanwhile, a familiar face is fueling rumors about President Trump’s next SEC nomination.
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Federal Reserve urged to fire Wells Fargo's board of directors
Citing negligence of their risk management duties, Sen. Elizabeth Warren is demanding that the Federal Reserve intervene and fire embattled board members of Wells Fargo.
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Treasury Dept. issues ambitious plan for regulatory deconstruction
Parallel to an ambitious bill to dismantle Dodd-Frank, the Treasury Department has plenty of its own ideas.
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ArticleThe balancing act of Wall Street and Main Street
While deregulation advocates do battle with investor activists, there may be ideological balance in capital formation ideas.
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SEC slams CCO for anti-money laundering violations
The SEC has once again punished a CCO for neglecting their duties and ignoring red flags at a firm under investigation for suspect activities. Failing to file suspicious activity reports was at the root of the problem.
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CFPB suggests changes to prepaid card rules
The CFPB is taking a fresh look at hardships for financial and consumer credit firms caused by a 2016 prepaid rule. The Bureau has also proposed updates to the rule.
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Companies applaud NLRB's retreat from 'joint employer' guidance
The Department of Labor has withdrawn one of its most controversial actions of the Obama Administration, guidance that made many companies responsible for labor violations committed by independent franchisees and third parties.
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Treasury releases first report on a regulatory overhaul
A slate of recommended regulatory actions are contained in a new report delivered to President Donald J. Trump by the Treasury Department. Suggested changes would affect big bank stress tests, the Volcker rule, and the CFPB.
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Why one Republican voted against the CHOICE Act
The recent 233–186 House vote on the Financial CHOICE Act wasn’t neatly divided along parties. Rep. Walter Jones was the sole Republican who voted against the legislation, citing veterans' concerns.
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States sue White House over environmental rollback
A coalition of state attorneys general are suing the U.S. Department of Energy over “its failure to comply with the law” and publish finalized energy efficiency standards for several products.
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Five-year limit placed on SEC disgorgement penalties
The SEC must rethink how it collects billions of dollars through disgorgement now that the Supreme Court has imposed a five-year statute of limitations.
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ArticleDodd-Frank reforms prevail in House; now what?
The Financial CHOICE Act, a weapon of Dodd-Frank destruction, has advanced from the House of Representatives. Companies, regulators, and Congress now face the repercussions.
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SEC charges brokerage firm with AML failures
The SEC has charged a Utah-based brokerage because it "routinely and systematically failed to file Suspicious Activity reports for stock transactions that it flagged as suspicious."
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SEC names co-directors for Enforcement Division
The SEC has announced that Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named co-directors of the Enforcement Division.
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Labor Department sets repeal of ‘persuader rule’ in motion
The Department of Labor is moving forward with efforts to rescind a rule that would have required disclosure of agreements between employers and labor-management consultants.
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Financial Choice Act passes in House
The Financial CHOICE Act, a more than 600-page bill to repeal and repace much of the Dodd-Frank Act, has passed in the House of Representatives with a party-line vote of 233 to 186. It now moves into the far greater challenge of passage in the Senate.
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Groups accuse FCC of First Amendment trespasses
Free speech activists are calling upon the Federal Communications Commission to address “crackdowns against First Amendment freedoms during recent meetings” regarding net neutrality.
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President Trump announces new nominees for key posts
President Donald Trump has announced the nominations of several new agency officials, including a new Comptroller of the Currency and assistant attorney general for the Justice Department.