All Rules & Proposals articles – Page 10
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Blog
NY federal judge declares CFPB unconstitutional
With latest volley in ongoing debates over the constitutionality of the CFPB, a federal judge in New York ruled on Thursday that the Bureau’s current structure is unconstitutional.
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Blog
SEC details strategic initiatives through 2020
The SEC has published a new plan that details its strategic priorities through Fiscal Year 2022.On the list: improved technology and data analysis and a focus on retail investors.
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ArticleBig changes may be on the horizon for CRA and Bank Secrecy Act compliance
Testifying in both chambers of Congress last week, Comptroller of the Currency Joseph Otting discussed plans to modernize the Community Reinvestment Act, and streamline requirements under the Bank Secrecy Act.
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Blog
China strikes back on trade tariffs with duties on U.S. products
China has launched a counter-offensive in the escalating trade war initiated by the United States, announcing additional tariffs in response to duties on its imports into the U.S. Covered products include oil, coal, soybeans, and whiskey.
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Blog
White House nominates successor for Mulvaney at CFPB
With Acting Director Mick Mulvaney’s tenure at the Consumer Financial Protection Bureau scheduled to end, by statute, on June 22, the White House has nominated Kathy Kraninger, his subordinate at the Office of Management and Budget, to take over.
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Blog
Dems seek investigation into SEC commissioner's alleged pro-gun diatribe
Democratic senators are asking the SEC's Inspector General to conduct an investigation into reports that a commissioner may have “linked potential regulatory action" to his personal views on firearms.
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Blog
Fed rule targets risk concentrations among big banks
A new rule from the Federal Resere seeks to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability.
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Blog
Trump makes Chinese tariffs official
President Trump has announced the execution of $50 billion in new tariffs on Chinese goods. The U.S. will implement a 25 percent tariff on a wide array of industrial and manufacturing products and parts.
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Blog
Judge rejects government efforts to block AT&T, Time Warner deal
After months of legal sniping and a six-week trial, a federal judge has approved AT&T’s $85 billion acquisition of Time Warner.
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Blog
FinCEN issues advisory on abuses enabled by political figures
The Financial Crimes Enforcement Network has issued an advisory to U.S. financial institutions to highlight the connection between corrupt senior foreign political figures and their enabling of human rights abuses.
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Blog
Net neutrality is dead, but battles rage on
The era of “net neutrality” has ended. On Monday, the Federal Communications Commission’s Restoring Internet Freedom Order went into effect. Battles are already afoot to restore the former status quo.
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Blog
Senators want scrutiny of Trump tweet on unemployment data
Democratic senators wants regulators to investigate whether “President Trump’s reckless comments on market-moving economic data" was a catalyst for insider trading. On June 1, Trump tweeted about positive employment numbers before the data went public.
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Blog
SEC’s Jackson urges a review of stock buyback rules
SEC Commissioner Robert Jackson is voicing his concerns about corporate stock buybacks and says research produced by his staff “raises significant new questions about this activity.” He wants the Commission to reconsider existing rules.
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BlogCFPB’s Mulvaney disbands Consumer Advisory Board
Mick Mulvaney, acting director of the CFPB, has disbanded his agency’s Consumer Advisory Board, dismissing 25 outside experts who were intended to help shape agency policy. It is the latest in a series of moves to reshape the Bureau into Mulvaney’s more business-friendly vision.
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Blog
Mexico announces retaliatory tariffs targeting U.S.
Mexico has announced trade retaliation efforts against the United States, a response to recent steel and aluminum tariffs put in place by the Trump administration.
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Blog
FDIC greets new chairman
Jelena McWilliams was sworn in this week as the new chairman of the Federal Deposit Insurance Corporation. She succeeds Martin Gruenberg.
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Article
Volcker rule rehash drives renewed backlash from Dem regulators
Proponents of a new multi-agency proposal to amend the Volcker rule tout its compliance-relieving benefits for small- and medium-sized banks. Critics, who had a chance to vote this week, fear that the plan “euthanizes” it.
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Blog
OCC highlights key risks for the federal banking system
The Office of the Comptroller of the Currency has released the latest edition of its Semiannual Risk Perspective. Key themes include: credit, operational, compliance, and interest rate risks for the federal banking system.
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ArticlePoll-apalooza: Let us help you benchmark your compliance program
We polled practitioners on 11 key topics in ethics and compliance at the recently concluded Compliance Week 2018 conference. Check out the results to help you benchmark your own programs.
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Blog
Amid brewing trade war, U.S. enters a battle over wine sales in Canada
The U.S. has added wine sales in Canada to its list of international trade battles. The Trump administration has requested that the World Trade Organization broker a settlement over "unfair regulations" in British Columbia.