Joe Mont

New York’s Department of Financial Services has announced that Lockton Affinity and its parent company will pay a $7 million fine for serving as the administrator of the National Rifle Association-branded “Carry Guard” insurance program.

The SEC has announced the launch of a new, online search feature that enables investors to look up whether the person trying to sell them investments has a judgment or order entered against him in an enforcement action. The SEC Action Lookup for Individuals is now live and available as a resource for retail investors.

In response to House Democrats, SEC Chairman Jay Clayton is once again assuring the public there are no immediate plans to allow companies to demand dispute arbitration in IPO filings and corporate governance documents.

State banking regulators this week suffered a setback with their lawsuit against the OCC over plans to offer bank charters to FinTech companies. Because the OCC’s plan has yet to be implemented, they currently lack standing, a judge says.

A coalition of states, representing approximately 43 percent of the new-car sales market nationally, is suing the EPA to preserve auto emissions standards.

The Equifax data breach was even worse than initially feared, say Senate Democrats who accuse the CFPB for its lack of a “robust investigation” and plans to make its complaint database private.

CFTC Chairman J. Christopher Giancarlo is trying to set the stage for what he describes as “regulatory reform 2.0,” with a look back on the Dodd-Frank Act’s swaps rules and where his Commission succeeded, or failed.

By May 11, banks and others in the financial services industry will need to comply with new customer due diligence rules. Recent guidance, banks say, both helped and complicated late-stage compliance efforts.

The challenge for dealing with intrusive robocalls is finding a way to limit the ubiquitous scams while not adding legitimate uses to the rogue’s gallery of con artists.