All articles by Joe Mont – Page 40
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Blog
FCC chairman resurrects net neutrality controversy
Get ready for debates over so-called net neutrality to make a return. Under the direction of FCC Chairman Ajit Pai, it will consider a Notice of Proposed Rulemaking that would “propose to restore the Internet to a light-touch regulatory framework.”
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Senate confirms Alexander Acosta as Secretary of Labor
After months of debate and the withdrawal of President Trump’s first nominee, R. Alexander Acosta has been confirmed by the Senate as the nation’s new Secretary of Labor.
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Big changes at OCC; Curry out, Noreika in
After five years of service, Comptroller of the Currency Thomas Curry will be leaving the agency. Keith Noreika, a partner at the law firm Simpson Thacher & Bartlett, will serve as acting Comptroller of the Currency.
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Bill would modernize Administrative Procedures Act
New legislation, the Regulatory Accountability Act, is a bipartisan effort to modernize the 70-year-old Administrative Procedures Act, the blueprint for creating federal regulations.
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Clayton confirmed as SEC chairman
On May 2, the Senate confirmed President Donald J. Trump’s nomination of Jay Clayton as chairman of the SEC. Clayton, previously a partner with the law firm Sullivan & Cromwell, has a reputation as a master of corporate deal making.
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Plans pile up to revise Dodd-Frank, but can they succeed?
Critics of the Dodd-Frank Act, like torch-bearing villagers in a horror movie, want to kill the legislation by any means necessary, while others seek more measured reforms.
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Wells Fargo scores a pyrrhic victory amid shareholder revolt
Despite controversy before and during its annual meeting, shareholders reelected all of Wells Fargo’s directors. But trouble still lies ahead for the post-scandal banking giant.
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Trump Administration releases ‘core principles’ of tax reform
A list of core principles that will inform the Trump Administration’s tax overhaul were announced this week. Highlights: reducing the corporate tax rate to 15 percent and relating a one-time tax on repatriated company assets.
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Bill promotes regulatory relief for community banks
Community bankers are lending their support to newly filed legislation intended to relieve many of the regulatory burdens they have faced in the post-Dodd-Frank era.
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Senate Democrats announce $15 minimum wage bill
Senate Democrats are mustering their forces behind new legislation that, if passed, would raise the federal minimum wage to $15 an hour.
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Tech startups protest retreat from net neutrality
More than 800 tech startups and investors have joined forces to oppose a Federal Communications Commission proposal to scale back rules related to net neutrality.
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Federal Reserve Gov. Powell addresses regulatory reform
In a recent speech, Federal Reserve Governor Jerome Powell detailed the priorities he thinks should be part of any reconsideration of the post-recession regulatory regime.
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Miscimarra named NLRB Chairman
President Donald J. Trump has named Philip A. Miscimarra as chairman of the National Labor Relations Board, a move that promotes him from acting chairman.
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At the 100-day mark, Trump and Congress escalate deregulation push
The early days of the Trump Administration haven’t meant doom for the Dodd-Frank Act, even as efforts to scale it back materialize on several fronts.
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The CFPB is under attack again, but this time may be different
Past efforts to dismantle the CFPB have not accomplished much, but fresh legal challenges and legislation might spell trouble for the much-criticized government office.
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Hearing scheduled for CHOICE Act’s attack on Dodd-Frank Act
The House Financial Services Committee will hold a hearing next week on the Financial CHOICE Act, a legislative package, sponsored by Rep. Jeb Hensarling (R-Texas) as a means to repeal and replace a large swath of the Dodd-Frank Act.
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OCC details mistakes with Wells Fargo supervision
An internal review conducted by the Office of the Comptroller of the Currency details supervisory shortcomings related to malfeasance at Wells Fargo. Among the problems: all but ignoring more than 700 whistleblowers.
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EPA head touts ‘back-to-basics’ agenda
During a recent speech, President Donald J. Trump’s pick to head the EPA announced a "back to basics" agenda and plans to undo rules promulgated during the previous administration.
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Reform initiatives underway at the FTC
The Federal Trade Commission is committing to the Trump Administration’s efforts to streamline government agencies. It has announced a new, in-house review.
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State AGs defend White House's regulatory reductions
A coalition of Republican attorneys general is supporting the Trump Administration’s regulatory rollbacks amid a lawsuit that challenges the legality of an Executive Order directing agencies to repeal two regulations for every new rule issued.