All Rules & Proposals articles – Page 37
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Blog
Hensarling warns SEC about 'midnight regulations'
The chairman of the House Financial Services Committee is warning the SEC to put a halt to any new rules it may have planed prior to the start of the Trump Administration.
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Article
SCOTUS ruling a boon for prosecutors, but questions linger
The Supreme Court has turned back the clock on insider-trading law, giving prosecutors renewed leeway despite lingering questions, reports Joe Mont.
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Blog
CEI offers roadmap for congressional deregulation efforts
Add more ammo to the pile for republicans embracing deregulation during the Trump Administration. The Competitive Enterprise Institute is out with a comprehensive list of rule-paring recommendations. Joe Mont has more.
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Article
For whom the ring tolls: Companies struggle with TCPA
A sector-wide swath of companies has faced expensive troubles under the consumer-friendly Telephone Consumer Protection Act. Its upward enforcement trend is especially troubling in an age where direct outreach to consumers is of increasing importance, says Joe Mont.
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Blog
OCC sets stage for FinTech firms to charter as national banks
The Office of the Comptroller of the Currency will consider applications from financial technology (FinTech) companies to become special purpose national banks. Charters would come with heightened risk management and liquidity requirements.
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Blog
CFPB warns financial companies about sales incentives
The CFPB is warning the financial world to be leery of sales quotas that can lead to consumer harm and legal violations. Joe Mont has more on a bulletin from the Bureau that addresses best practices for a targeted compliance monitoring program.
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Blog
Trump's Treasury pick: 'stripping back Dodd-Frank' is a priority
During an interview with CNBC, Steven Mnuchin and Wilbur Ross, selected, respectively, as Treasury and Commerce secretaries, the two reiterated plans to roll back the Dodd-Frank Act.
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ArticleNew York’s new cyber-security demands draw near
The Empire State is on track to impose a comprehensive slate of new cyber-security rules for banks and their vendors. More from Joe Mont.
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Article
Court pumps brakes on Labor Department’s overtime rule
New federal overtime requirements for white-collar workers are in doubt following a nationwide injunction imposed by a federal judge, writes Joe Mont.
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Blog
New FDIC recordkeeping rule focuses on big bank failures
A new rule finalized by the FDIC creates new recordkeeping requirements for banks with a large number of deposit accounts. It is intended to facilitate customer restitution if those institutions fail.
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ArticleAML strategies keep evolving, and so do the risks
New and evolving technology may help institutions avoid AML and KYC compliance risks, or restore a damaged reputation, says Joe Mont, but not without the right strategy and training in place.
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Article
White’s SEC departure inspires reflection, fear of ‘midnight regulations’
Chairman Mary Jo White’s pending departure from the SEC has inspired a look back at her accomplishments and encouraged advice for her successors. Joe Mont reports.
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Blog
Federal judge halts Labor Department's 'persuader' rule
Calling the rule an impermissible intrusion upon attorney-client privilege, a federal judge in Texas has granted a permanent injunction against the Department of Labor's so called “persuader” rule. More from Joe Mont.
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Blog
Minneapolis Fed offers plan to end ‘too big to fail’
Federal Reserve Bank of Minneapolis President Neel Kashkari has unveiled a new plan he says would substantially reduce the rish of systemic threats from “too big to fail” financial institutions. More from Joe Mont.
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Article
What President Trump means for regulation and regulators
A Trump administration promises to roll back the SEC, the CFPB, Dodd-Frank, and Obamacare. But that is all much easier said than done, reports Joe Mont.
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Blog
White will depart SEC at end of Obama Administration
Let the shakeup begin: SEC Chair Mary Jo White has announced that she plans to step down from her post at the end of the Obama Administration. Joe Mont has more.
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Blog
SEC debates regulatory approach to FinTech
The need to balance FinTech innovations with investor protections was the underlying message at a day-long forum held by the Securities and Exchange Commission on Nov. 14. Joe Mont reports.
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Blog
A plea for smart data from the SEC's investor advocate
Citing XBRL advancements and Legal Entity Identifiers, SEC Investor Advocate Rick Fleming is making the case of expanding "smart data" tools to shareholders and issuers alike.
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Blog
CFTC rule clarifies compliance officer reporting
The Commodity Futures Trading Commission has approved a final rule that amends and clarifies its reporting obligations for compliance officers.
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Article
Cobalt may be next big challenge for corporate sustainability
Yes, there still remains some uncertainty about the SEC’s conflict minerals rule. Four years later, notes Joe Mont, add another concern: cobalt.