All articles by Joe Mont – Page 7
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BlogFTC launches tech competition task force
Already under fire for data privacy lapses, Facebook, Google, and their fellow tech giants now need to worry about the prospect of retroactive merger reviews. The FTC announced the creation of a task force focused on investigating anticompetitive conduct in the tech sector.
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BlogSEC says Musk disregarded terms of Tesla settlement
The SEC is asking a federal judge to decide whether Elon Musk, founder and CEO of Tesla, violated the terms of a recent consent agreement and should be held in contempt of court.
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Waters urges CFPB employees to be whistleblowers
Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.
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BlogSEC, Congress seek better diversity disclosures
The SEC has issued new guidance regarding diversity disclosures. Meanwhile, newly proposed legislation would require public companies to annually disclose the gender, race, and veteran status of their board directors, nominees, and senior executive officers.
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BlogSEC proposes to expand ‘test-the-waters’ perk to all issuers
The SEC has proposed expanding the “test-the-waters” accommodation—currently available to emerging growth companies—to all issuers, including investment company issuers.
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ArticleCongress debates easing risk burden for banks as pot businesses grow
Momentum has been on the side of marijuana legalization. Now, there may be progress in allowing banks to legally take part in that expanding retail revolution.
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BlogProposed FCC rules, phone company enforcement target robocallers
The FCC has escalated its war against robocallers by proposing new rules banning illegal spoofed text messages and international calls. There is also a renewed threat of regulation and enforcement against phone companies that fail to deploy effective caller ID authentication plans.
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BlogSenators urge DOJ, FCC to reject T-Mobile & Sprint merger
Expressing their staunch opposition to the proposed merger between T-Mobile and Sprint, a group of Senate Democrats have written to the Department of Justice’s Antitrust Division and the Federal Communications Commission, urging them to reject the plan.
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ArticleCFPB moves forward with ‘disclosure sandbox’ for companies
With a comment period now wrapped up, the CFPB plans to move forward with a proposal to offer firms innovative “trial disclosure programs.”
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BlogSenate Banking Committee seeks feedback on data privacy
Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) are seeking public feedback on the collection, use, and protection of sensitive personal information by financial regulators and private companies.
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ArticleSEC once again dragged into fight over mandatory arbitration
The SEC was spared setting mandatory arbitration policy when New Jersey’s attorney general argued a shareholder initiative proposed for Johnson & Johnson would be illegal.
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Legislation demands SEC disclosures for corporate political spending
The newly reintroduced Corporate Political Disclosure Act seeks to require publicly traded companies to disclose their political expenditures through the SEC.
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Suit against Trump’s deregulation centerpiece gets mixed results
The U.S. District Court for the District of Columbia has denied the government’s motion to dismiss Public Citizen v. Trump, a case challenging a 2017 executive order directing federal agencies to repeal two federal regulations for every new rule they issue.
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Legislators question bank merger, Fed’s approval process
SunTrust Banks and BB&T Corp. recently announced merger plans. The deal is drawing the scrutiny of Congressional Democrats, less for the details of the merger than the regulatory atmosphere that encouraged it and the forthcoming approval process.
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White House jumps on AI bandwagon
Jumping into an arena the private sector has trailblazed, the federal government is redoubling its efforts regarding the development of artificial intelligence. On Feb. 11, President Trump announced a new initiative intended to help the U.S. gain dominance in deployments of the emerging technology.
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Critics blast CFPB’s plan to weaken payday lender rules
Critics are taking their shots against the CFPB for attempting to scale back its rules covering payday lenders. Lawmakers are also questioning the Bureau’s retreat from negotiating enforcement settlements that fail to include monetary restitution for customers.
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Fed moves to make stress tests less stressful
The Federal Reserve Board on Tuesday finalized changes to its stress testing program for the nation’s largest and most complex banks. The intent is to make the resiliency assessments “more open, transparent, and effective.”
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CFPB retreats from payday lending rule
The CFPB this week both cracked down on a law-breaking payday lender and announced an effort to weaken 2017 rules meant to hold small-dollar lenders to greater oversight and scrutiny.
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NLRB turns back time on test used to determine employee status
A recent ruling by the National Labor Relations Board restores a traditional test for classifying workers as either employees or independent contractors.
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ArticleBuilding a better board and the benefit of director self-assessments
Technological disruption, the dark side of corporate culture, and evolving expectations from diverse stakeholders are all making the job of director more challenging, says a report by EY’s Center for Board Matters.