President Trump’s pick to head the Consumer Financial Protection Bureau has initiated the first step toward delaying implementation of a controversial “payday rule” enacted in October.
Joe Mont
AGs argue for easing bank restrictions on marijuana businesses
A bipartisan coalition of state attorneys is petitioning Congress to ease federal restrictions on banks that serve legal marijuana businesses, “bringing grey market activities into the regulated banking sector.”
API President Jack Gerard to step down in August
After 10 years running one of Washington’s most influential associations covering the oil and natural gas sector, American Petroleum Institute President and CEO Jack Gerard has announced he will step down when his current contract ends in August 2018.
The China conundrum: balancing risk and reward
From White House intervention to tough new cyber-security laws, doing business in China is becoming even more difficult for U.S. companies.
Data sharing, AI may be antidote to failing AML efforts
Big data may revolutionize anti-money laundering efforts, but privacy concerns and preserving a human element to compliance programs may get in the way.
Peirce, Jackson sworn in as SEC commissioners
Robert Jackson, a democrat, and Hester Peirce, a republican, were sworn in as SEC commissioners this week, filling two vacant seats that lingered as such through two presidential administrations.
Was CFPB data collection freeze politically motivated?
Senator Elizabeth Warren (D-Mass.) is demanding answers from Mick Mulvaney, director of the Office of Management and Budget, over his decision to freeze the collection of consumer data by the Consumer Financial Protection Bureau.
Bill targets credit reporting agencies for consumer data leaks
The newly introduced Data Breach Prevention and Compensation Act is intended to hold large credit reporting agencies more accountable for data breaches. The bill would give the Federal Trade Commission greater supervisory authority over data security at CRAs.
MoneyGram merger is latest casualty of CFIUS, Chinese trade battle
MoneyGram and Ant Financial Services Group, an affiliate of China-based Alibaba, have mutually agreed to terminate their planned merger due to their rejection by the Committee on Foreign Investment in the United States. The rejection is the latest effort by the Trump Administran to curb corporate dealmaking with Chinee entities.
Dems turn to Congressional Review Act to save net neutrality
Congressional Democrats are teaming up in an effort to restore “net neutrality,” Obama era telecom policies that were vacated by the FCC in December, by using the Congressional Review Act.


