All articles by Joe Mont – Page 8
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Blog
Rubio introduces new, FTC-focused data privacy legislation
Sen. Marco Rubio (R-Fla.) is the latest legislator to move forward with a bill to establish a national consumer data privacy law. His proposed American Data Dissemination (ADD) Act, uses the Privacy Act of 1974 as its framework.
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Blog
Warren wants worker protections amid Sears bankruptcy
Sen. Elizabeth Warren (D-Mass.) has sent a letter to Eddie Lampert, chairman of Sears Holdings, asking him for “a long-term plan to protect workers” as the legendary retailer faces bankruptcy proceedings.
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Blog
House passes bills targeting insider trading, human trafficking
The House of Representatives has passed three bipartisan bills, previously advanced by the House Financial Services Committee, that aim to curb insider trading and human trafficking.
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Blog
Podcast: Compliance with new Opportunity Tax Zones rules
Qualified Opportunity Zones were created by tax reform legislation to incentivize investments in economically distressed communities. In this podcast, we discuss their complexities with Mayer Greenberg and Kevin Matz, tax experts and partners at Stroock & Stroock & Lavan.
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Blog
SEC starts slow post-shutdown process of returning to normalcy
As the government reopens after a month-long shutdown, the SEC is among the agencies returning to normal operations. Companies, however, should expect to vie for assistance on a "first come, first served" basis.
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BlogCFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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Article
Deloitte: financial institutions reengineer risk management
Financial institutions are beginning new efforts to reengineer their risk management programs and tap into emerging technologies, according to a survey conducted by Deloitte Global.
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Blog
McHenry pushes for financial services hearings, Deutsche Bank records
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
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ArticleQ&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
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ArticleBanks less anxious about risk, but should they be?
Wolters Kluwer’s “Regulatory & Risk Management Indicator” says two-thirds of financial institution executives continue to describe high levels of compliance-related regulatory risk, even if their level of anxiety over those risks has decreased.
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ArticleShutdown starts to pose new risks for businesses
The longest government shutdown in U.S. history is increasingly a catalyst for new risks and tough choices for corporations.
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Blog
Waters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
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Article
SEC faces lawsuit over ‘gag orders’ in enforcement settlements
The Cato Institute, a libertarian think tank, is suing the SEC over the mandatory “gag orders” it has added to its enforcement-based settlement agreements for nearly 40 years.
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Blog
May’s Brexit plan suffers historic defeat
With one of the most devastating losses in the history of British politics, Prime Minister Theresa May was handed a rebuke of her proposed Brexit framework for the future relationship between the European Union and the United Kingdom.
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Blog
Supreme Court will not hear CFPB constitutional challenge
The Supreme Court has declined to hear a years-long lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau.
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Blog
Warren: Comerica left retirees, veterans vulnerable to fraud
Sen. Elizabeth Warren (D-Mass.) is urging government officials to respond and react to allegations that Social Security beneficiaries were the victims of fraud through their use of a government program administered by Comerica Bank.
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Blog
Senate bill would restrict pharmaceutical advertising
Senate Democrats are promoting the End Taxpayer Subsidies for Drug Ads Act, legislation that would prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses.
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Blog
Los Angeles sues Weather Channel app, IBM over location data
The City of Los Angeles has filed a lawsuit against the operator of the Weather Channel smartphone app—an IBM subsidiary—for “covertly mining the private data of users and selling the information to third parties.”
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Blog
Waters: Shutdown is jeopardizing financial markets
As she assumes leadership of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) is arguing that the ongoing government shutdown is harming the SEC and the integrity of U.S. financial markets.
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Article
Bezos fallout: Disclosure and divorce
When a CEO is in the midst of a divorce, as Amazon’s Jeff Bezos is, does that personal matter rise to the level of shareholder materiality? There are no easy answers, only slippery slopes.