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.
Joe Mont
Posted inUncategorized
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.
Posted inUncategorized
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.
Posted inUncategorized
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.
Posted inUncategorized
White House jumps on AI bandwagon
Jumping into an arena the private sector has trailblazed, the federal government is redoubling its efforts regarding the development of artificial intelligence. On Feb. 11, President Trump announced a new initiative intended to help the U.S. gain dominance in deployments of the emerging technology.
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Critics blast CFPB’s plan to weaken payday lender rules
Critics are taking their shots against the CFPB for attempting to scale back its rules covering payday lenders. Lawmakers are also questioning the Bureau’s retreat from negotiating enforcement settlements that fail to include monetary restitution for customers.
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Fed moves to make stress tests less stressful
The Federal Reserve Board on Tuesday finalized changes to its stress testing program for the nation’s largest and most complex banks. The intent is to make the resiliency assessments “more open, transparent, and effective.”
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CFPB retreats from payday lending rule
The CFPB this week both cracked down on a law-breaking payday lender and announced an effort to weaken 2017 rules meant to hold small-dollar lenders to greater oversight and scrutiny.
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NLRB turns back time on test used to determine employee status
A recent ruling by the National Labor Relations Board restores a traditional test for classifying workers as either employees or independent contractors.
Posted inBoards & Shareholders
Building a better board and the benefit of director self-assessments
Technological disruption, the dark side of corporate culture, and evolving expectations from diverse stakeholders are all making the job of director more challenging, says a report by EY’s Center for Board Matters.