- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: July 21 was a big day for banks and the beginning of the Volcker Rule’s compliance regime. The rule, a cornerstone of the Dodd-Frank Act, prohibits proprietary trading activities at federally insured banks. In our latest podcast we talk to Chris Scarpati, a partner in PwC’s financial regulation practice, ...
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Since the day the Dodd-Frank Act was passed nearly a decade ago, the Volcker rule has been a burr under the saddle for Republicans. Now, their complaints are a lot closer to having a remedy, with plans to ease the rule’s burden on community banks.
While members of the Trump Administration wave off persistent critics, rule changes are starting to take root, notably for the Volcker rule.
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau.
