Reacting, in part, to a recent statement by banking regulators regarding the role of guidance in their regulatory regimes, SEC Chairman Jay Clayton has clarified his own views on the topic.
Joe Mont
Posted inUncategorized
NLRB proposes change to joint-employer standard
On Friday, the National Labor Relations Board will publish a Notice of Proposed Rulemaking in the Federal Register regarding its joint-employer standard, a policy that will particularly affect franchise owners.
Posted inEthics & Culture
CCOs and the absurdity of executive hypocrisy
The beauty of being in the compliance field (or writing about it) is that within any day’s news cycle, there are lessons to learn and debates to be had. This past week has been chock full of both.
Posted inRegulatory Enforcement
Tackling the contentious issue of guidance vs. regulation
For years, a battle over the place of guidance in the regulatory world has been hotly debated. Now, there may be some clarity.
Posted inTechnology
Five-step guide to choosing the right compliance technology
A slate of new technologies is poised to push the compliance function to new horizons of efficiency and effectiveness. It may be easier said than done, however—especially without a plan of attack.
Posted inUncategorized
CFPB, amid controversy, names new advisory committees
The Consumer Financial Protection Bureau has announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council.
Posted inRegulatory Enforcement
Congressional debate emerges: How to regulate social media
Fueled by election tampering and “fake news,” social media companies are creeping ever closer to facing new regulation.
Posted inUncategorized
Roisman confirmed as newest SEC commissioner
With a vote of the full Senate this week, Elad Roisman, a Republican nominated to replace Michael Piwowar, was confirmed to the Commission with bipartisan support. He was opposed by only 14 Democrats in the final vote.
Posted inUncategorized
NIST seeks to expand framework to consumer privacy
The Department of Commerce’s National Institute of Standards and Technology has launched a collaborative project “to develop a voluntary privacy framework to help organizations manage risk.”
Posted inBoards & Shareholders
Pay for outside corporate directors barely increased in 2017
Total pay for outside directors at the nation’s largest corporations increased by a mere 3 percent in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson.
