All congress articles – Page 2
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BlogSEC, Congress seek better diversity disclosures
The SEC has issued new guidance regarding diversity disclosures. Meanwhile, newly proposed legislation would require public companies to annually disclose the gender, race, and veteran status of their board directors, nominees, and senior executive officers.
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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.
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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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BlogHouse passes bills targeting insider trading, human trafficking
The House of Representatives has passed three bipartisan bills, previously advanced by the House Financial Services Committee, that aim to curb insider trading and human trafficking.
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BlogCFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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McHenry pushes for financial services hearings, Deutsche Bank records
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
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BlogWaters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
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Senate bill would restrict pharmaceutical advertising
Senate Democrats are promoting the End Taxpayer Subsidies for Drug Ads Act, legislation that would prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses.
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Waters: Shutdown is jeopardizing financial markets
As she assumes leadership of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) is arguing that the ongoing government shutdown is harming the SEC and the integrity of U.S. financial markets.
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ArticlePot shops and banks are in the weeds when it comes to compliance
Clashes between state and federal laws are creating regulatory and compliance challenges as pot legalization becomes the norm.
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FASB plans January roundtable to address CECL tension
Amid growing tension over a pending new standard on recognizing credit losses, the Financial Accounting Standards Board says it will convene a roundtable in January.
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SEC expands use of Regulation A exemption
The SEC has enacted new rules that allow Exchange Act reporting companies to use the Regulation A exemption from registration for their securities offerings. Regulation A provides an exemption from registration for offerings of securities up to $50 million in a 12-month period.
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TRACED Act cracks down on illegal robocalls
Newly proposed legislation is making the rounds of the Senate in an effort to strike against unwanted telephone solicitations.
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Senators accuse mobile carriers of throttling practices
Senate Democrats are alleging violations of net neutrality principles by mobile data carriers who they claim, backed by recent research, are slowing down online traffic.
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Data privacy bill threatens corporate fines, jail for executives
Sen. Ron Wyden (D-Ore.) has announced proposed legislation that would “impose harsh fines and prison terms for executives at corporations that misuse Americans’ data.”
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ArticleWhile supportive, tech companies haggle over federal privacy law
Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.
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ArticleAs FinTech support grows, can Congress keep from hitting the brakes?
As it so often is in the world of financial services, FinTech evangelists want rule streamlining and deregulation. Is that the right approach?
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House panel advances slate of reform-minded bills
The House Financial Services Committee this week advanced 12 bills. Among them is a modification of the Sarbanes-Oxley Act so that small, privately owned non-custodial brokers and dealers are no longer required to hire PCAOB-registered audit firms to meet annual reporting obligations.
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ArticleCongressional 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.
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CFPB’s student loan ombudsman slams the door on his way out
The CFPB’s student loan ombudsman may have quit, but he is not going quietly. “After 10 months under your leadership, it has become clear that consumers no longer have a strong, independent consumer bureau on their side,” Seth Frotman told his former boss, Acting Director Mick Mulvaney.