All Rules & Proposals articles – Page 17
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Blog
Unified AGs want to end mandatory arbitration for sexual harassment victims
In an uncommon display of unity, all 56 of the nation’s attorney’s general are urging Congress “to end secret, forced arbitration in cases of workplace sexual harassment.”
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FSR: Congress must enact data breach legislation
The Financial Services Roundtable is urging Congress to enact stronger data security legislation and ensure sensitive financial information is kept safe.
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Article
Companies twist and abuse non-disclosure agreements
Companies that use NDAs, traditionally intended to protect intellectual property and trade secrets, as a form of “pretaliation” are courting danger.
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ArticleUber breach sheds light on how companies use ‘bug hunters’
As a cyber-security tool, companies are turning to outsiders to hunt down software and security flaws. The concern is that bug bounties may become excessive or reward illegal activity.
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FDIC recordkeeping rule poses a big bank data challenge
To get a better grip on resolution planning, the FDIC wants banks to do a better job keeping track of deposit data.
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States take first step towards standardized MSB licensing
Seven states have agreed to a multi-state compact that is intended to standardize and streamline the licensing process for money services businesses.
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OCIE announces 2018 examination priorities
The SEC's Office of Compliance Inspections and Examination has announced its 2018 examination priorities. Making the list are policies and controls related to cyber-security, money laundering, and retail investor fraud.
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Groups call for expulsion of Exxon and Chevron from anti-corruption group
U.S civil society organizations are demanding that Exxon and Chevron have their membership in the Extractive Industries Transparency Initiative Board revoked for actions that “constitute violations of the Code of Conduct."
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Labor Dept. proposal triggers a battle over employee gratuities
In December, the Department of Labor announced a Notice of Proposed Rulemaking to allow tip-pooling. Critics say the change to existing gratuity laws and practices is misguided and the rulemaking process hid away an unfavorable economic analysis.
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As CFPB retreats, FTC urged to charge ahead with Equifax investigation
As the CFPB’s efforts fade away, Sen. Amy Klobuchar (D-Minn.) is urging the Federal Trade Commission to ramp up its own investigation into last year’s Equifax data breach.
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Pawlenty to step down from bank consortium
Financial Services Roundtable CEO Tim Pawlenty will bid adieu to the advocacy group and lobbyist for big banks in the United States by March. Reports have him considering a campaign for his old job: Governor of Minnesota.
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Coalition urges Congress to halt CFPB rule on ‘payday’ loans
Free market groups, led by the Competitive Enterprise Institute, petitioned Congress to stop the Consumer Financial Protection Bureau’s restrictions on “payday” loans.
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Powell takes charge as Fed’s chairman of the Board of Governors
On Feb. 5, Jerome H. Powell took the oath of office as chairman of the Board of Governors of the Federal Reserve System, succeeding Janet L. Yellen. His term as chairman is four years.
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Article
Prudential Financial’s Lee Augsburger and the power of culture
When you’re one of the world’s biggest insurance companies, embracing cultural difference is key to creating a truly global compliance program that delivers results.
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Article
Adapting the regulatory landscape for FinTech remains a challenge
As FinTech services proliferate, state and federal regulators are considering how to create a simpler set of rules, but progress has been slow.
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Blog
Fed drops hammer on Wells Fargo, board for past misdeeds
On her last day as Federal Reserve Chairman, Janet Yellen escalated the regulatory attack on the embattled Wells Fargo, restricting the growth of the firm until it “sufficiently improves its governance and controls.”
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Blog
CFPB shuffles unit reporting lines, reviews administrative proceedings
The work of a CFPB unit dedicated to discrimination cases, the Office of Fair Lending and Equal Opportunity, has been undermined by a recently announced organizational change, critics say. Also under new scrutiny at the agency: its use of administrative proceedings.
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Blog
Activists claim Pruitt purged climate information from EPA website
The Environmental Defense Fund says it can show EPA Administrator Scott Pruitt’s personal involvement in efforts to remove information about climate change from his agency’s Website. It also wants him to recuse himself from any further Clean Power Plan proceedings
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Blog
Hearing assesses link between human trafficking, U.S. financial markets
The House Financial Services Committee held a hearing this week to solicit expert opinion on how human traffickers exploit U.S. financial markets and what more can be done to strike back.
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Blog
Snapping losing streak, CFPB gets constitutional nod from appeals court
Amid Republican led efforts to weaken its purview, the Consumer Financial Protection Bureau has prevailed against a legal challenge to the constitutionality.