All Rules & Proposals articles – Page 16
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Blog
Big banks want nationwide breach standards
the Financial Services Roundtable, a trade group for the nation’s largest banks, is calling upon Congress to “enact a strong set of national data security standards” in efforts to better protect consumers and sensitive financial information.
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Article
SEC keeps options open for mandatory shareholder arbitration
SEC Chairman Jay Clayton has floated the idea of mandatory shareholder arbitration, raising issues about agency enforcement and investor protection.
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ArticleCryptocurrencies give rise to a new kind of hacking threat
Recent price spikes of virtual currencies have inspired a new breed of hackers who don’t want your data—just your processing power.
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Blog
CFPB launches public review of complaint database
Continuing a top-down reassessment of operations and policies, the CFPB has settled on its next review target: its controversial complaint database.
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Blog
Legislation seeks to end to secrecy in workplace harassment settlements
Earlier this week, bicameral legislation, the Sunlight in Workplace Harassment Act, was filed. It would require publicly-traded companies to disclose workplace harassment and discrimination settlements.
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Blog
Democrats seek insider trading evidence at Education Department
Suspicious stock trades may have been timed to Education Department announcements, a letter from Senate and House DEmocrats allege in a letter to Secretary of Education Betsy DeVos.
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Blog
Ethics lapse forces NLRB Board to vacate joint employee standards
The National Labor Relations Board, recently abating the longstanding confusion over who is designated as a joint employer and why, is right back at the drawing board with an administrative move that puts the old Browning-Ferris standard for joint employment back into effect.
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Blog
PayPal settles FTC charges against Venmo's privacy violations
The FTC has reached a settlement with PayPal over allegations related to its Venmo peer-to-peer payment service, claimed privacy protections, and violations of violations of Gramm-Leach-Bliley Act rules.
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Blog
SEC modifies deadline for open-end fund liquidity classification
The Securities and Exchange Commission has agreed to a six-month extension to the deadline by which open-end funds must comply with certain elements of the Commission's liquidity risk management program rule.
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Blog
SEC releases update to cyber-security disclosure guidance
The SEC has released updated cyber-security disclosure guidance. Chairman Jay Clayton says the guidance “will promote clearer and more robust disclosure by companies about cyber-security risks and incidents, resulting in more complete information being available to investors.”
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Blog
Treasury reviews bank bankruptcy process
A new report, released Wednesday by the Treasury Department, details what officials see as serious flaws with the Dodd-Frank Act’s orderly liquidation authority.
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Blog
Supreme Court weighs in on SEC's whistleblower program
The Supreme Court this week placed limitations on the SEC's whistleblower program. "To sue under Dodd-Frank’s anti-retaliation provision, a person must first 'provide information relating to a violation of the securities laws to the Commission,'” wrote Justice Ruth Bader Ginsburg.
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Blog
Google prevails in firing of diversity critic
A Google employee who mocked the company’s diversity policies and female coders has lost an appeal to the National Labor Relations Board and will not be reinstated.
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Article
Big money fines emphasize focus on AML compliance
Speculation that anti-money laundering fines might shrink in the current political climate were proven very wrong in recent days.
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Article
Cyber-security attestations now required for leadership at NY’s financial firms
Tough new cyber-security regulations, crafted in New York, require board members and senior officials to not just talk the talk.
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Blog
Dems want to end to federally-funded, private debt collection agencies
A team of Senate Democrats have filed legislation that would repeal authority from the Internal Revenue Service to contract with private collection agencies to collect unpaid taxes.
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Blog
CFTC and UK’s FCA agree to collaborate on FinTech innovations
The U.S. Commodity Futures Trading Commission and the UK’s Financial Conduct Authority (FCA) have agreed to collaborate on international FinTech efforts.
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Blog
CFPB is latest agency questioned over fake comments
Energy and Commerce Ranking Member Frank Pallone, Jr. (D-N.J.) is requesting an investigation into the "widespread submission of fake public comments" during the CFPB's consideration of its payday lending rule.
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Blog
Regulators make funding pitch for FY 2019 budget
This week, President Trump sent Congress a $4.4 trillion budget proposal for fiscal year 2019. While Congress pores over the document, regulatory agencies are making their pitch for more resources.
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Blog
CFPB reviews supervisory processes, reveals multi-year strategic plan
The Consumer Financial Protection Bureau is continuing a public consultation process that coincides with a five-year strategic plan for its operations, goals, and priorities.