All Rules & Proposals articles – Page 2
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ArticleFTC proposes consumer data rule changes for financial institutions
The Federal Trade Commission is seeking public comment on proposed amendments to rules under the Gramm-Leach-Bliley Act that protect the privacy and security of customer information held by financial institutions.
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Dems pitch new bill to impose stock transaction tax
Congressional Democrats have introduced legislation to create a new tax on stock transactions that they say “would generate billions in revenue” while addressing economic inequality and volatility in the market.
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BlogFDA singles out Walgreens in nicotine sales crackdown
The FDA is escalating a “forceful” crackdown on retailers and manufacturers that sell nicotine-based products to minors. Among the companies in its crosshairs: Walgreens.
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ArticleBusinesses back NAFTA 2.0, but ratification no slam dunk
While U.S. companies in particular are backing the new United States-Mexico-Canada Agreement, there are some hang ups that make it no shoo-in for ratification by each of the three countries.
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Blog
CII: Lyft’s planned share structure harms investors
The Council of Institutional Investors is expressing “deep concern” about Lyft’s initial public offering filing, because it implemented a dual-class share structure lacking “sunset provisions to unwind it within a reasonable time period.”
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BlogSEC modifies timing for non-public fund reports
With an eye toward improving data management and cyber-security oversight, the SEC has approved changes to the submission deadlines for registered investment companies filing non-public monthly reports.
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BlogFTC launches tech competition task force
Already under fire for data privacy lapses, Facebook, Google, and their fellow tech giants now need to worry about the prospect of retroactive merger reviews. The FTC announced the creation of a task force focused on investigating anticompetitive conduct in the tech sector.
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Article
Waters urges CFPB employees to be whistleblowers
Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.
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BlogSEC, Congress seek better diversity disclosures
The SEC has issued new guidance regarding diversity disclosures. Meanwhile, newly proposed legislation would require public companies to annually disclose the gender, race, and veteran status of their board directors, nominees, and senior executive officers.
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BlogSEC proposes to expand ‘test-the-waters’ perk to all issuers
The SEC has proposed expanding the “test-the-waters” accommodation—currently available to emerging growth companies—to all issuers, including investment company issuers.
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ArticleCongress debates easing risk burden for banks as pot businesses grow
Momentum has been on the side of marijuana legalization. Now, there may be progress in allowing banks to legally take part in that expanding retail revolution.
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BlogProposed FCC rules, phone company enforcement target robocallers
The FCC has escalated its war against robocallers by proposing new rules banning illegal spoofed text messages and international calls. There is also a renewed threat of regulation and enforcement against phone companies that fail to deploy effective caller ID authentication plans.
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BlogSenators urge DOJ, FCC to reject T-Mobile & Sprint merger
Expressing their staunch opposition to the proposed merger between T-Mobile and Sprint, a group of Senate Democrats have written to the Department of Justice’s Antitrust Division and the Federal Communications Commission, urging them to reject the plan.
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ArticleCFPB moves forward with ‘disclosure sandbox’ for companies
With a comment period now wrapped up, the CFPB plans to move forward with a proposal to offer firms innovative “trial disclosure programs.”
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BlogSenate Banking Committee seeks feedback on data privacy
Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio) are seeking public feedback on the collection, use, and protection of sensitive personal information by financial regulators and private companies.
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ArticleSEC once again dragged into fight over mandatory arbitration
The SEC was spared setting mandatory arbitration policy when New Jersey’s attorney general argued a shareholder initiative proposed for Johnson & Johnson would be illegal.
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Fenergo launches cloud-based rules offering
Fenergo, a provider of client lifecycle management solutions for financial institutions, announced Rules as a Service, a cloud-based regulatory rules offering.
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Blog
Legislation demands SEC disclosures for corporate political spending
The newly reintroduced Corporate Political Disclosure Act seeks to require publicly traded companies to disclose their political expenditures through the SEC.
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Blog
Suit against Trump’s deregulation centerpiece gets mixed results
The U.S. District Court for the District of Columbia has denied the government’s motion to dismiss Public Citizen v. Trump, a case challenging a 2017 executive order directing federal agencies to repeal two federal regulations for every new rule they issue.
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Legislators question bank merger, Fed’s approval process
SunTrust Banks and BB&T Corp. recently announced merger plans. The deal is drawing the scrutiny of Congressional Democrats, less for the details of the merger than the regulatory atmosphere that encouraged it and the forthcoming approval process.