Joe Mont

Despite a federal retreat from environmental regulations, a bipartisan coalition of California lawmakers has passed legislation that extends the state’s cap-and-trade program to 2030.

In a letter to Treasury Secretary Steven Mnuchin, a bipartisan collection of more than two dozen legislators is demanding streamlined, better coordinated bank oversight and examinations.

State banking associations have joined the fight against the CFPB’s new rule that curtails the use of mandated arbitration. They are turning to Senators to kill the rule with the Congressional Review Act.

A new rule finalized by the CFPB bans arbitration demands in financial services agreements. A boon to class-action attorneys, questions abound as to what it all means for firms.

The SEC, through its new chairman, Jay Clayton, is looking to spark capital formation and new public offerings. Are its incentives enough?

The CFTC has announced it is seeking public comments as it embarks on a comprehensive review of swaps data reporting requirements.

In his first public speech as chairman, Jay Clayton outlined his priorities for the SEC. Among the topics he will focus on, cyber-security, capital formation, and assessing the compliance costs of rulemaking.

“The STOCK Act has dramatically curtailed overall stock trading activity by U.S. senators,” says Public Citizen. Its new report cautions, however, that “many still trade in corporations they oversee in their official capacity.”

President Trump has nominated Randal Quarles, a former official at the Treasury Department, as a member of the Board of Governors, filling a long-vacant role as the Fed’s regulatory watchdog.

While the Department of Labor sputters along with efforts to rescind its fiduciary duty rule for brokers, House Republicans are taking matters into their own hands.