All articles by Joe Mont – Page 20
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Blog
Thomas Hoenig departs FDIC
April 30 was the last day of service for Thomas Hoenig as vice chairman and a member of the board of directors of the Federal Deposit Insurance Corporation. Hoenig joined the board in April 2012 and served a full six-year term.
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Blog
Stop the funeral: Labor Department’s fiduciary rule not dead yet
Despite successful legal challenges and a thunder-stealing rules package proposed by the SEC, the Department of Labor’s fiduciary rule isn’t dead quite yet. At least that is the hope of a last-minute legal maneuver by the AARP and three attorneys general.
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Blog
Clayton promises public outreach for SEC’s fiduciary rule
SEC Chairman Jay Clayton said his agency will seek public input on a proposed fiduciary rule by supplementing public comments with short forms, multi-city roundtables, and an analysis by the Commission’s Office of the Investor Advocate.
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Blog
SCOTUS: Terror victims can’t sue international companies with U.S. ties
The Supreme Court issued a ruling in the matter of Jesner v. Arab Bank, holding that Alien Tort Statute does not allow for U.S.-originated lawsuits against foreign corporations with a domestic presence.
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Blog
Group wants unredacted privacy assessments from Facebook
A Freedom of Information Act lawsuit is seeking the release of unredacted Facebook privacy assessments from the Federal Trade Commission. The assessments were mandated under the terms of a 2011 consent order.
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Blog
Warren hits CFPB director with 100-question quizzing
The latest move in the ongoing chess match between Sen. Elizabeth Warren (D-Mass.) and CFPB Acting Director Mick Mulvaney is the legislator’s demand for answers to more than 100 questions relating to the Bureau’s policies and actions.
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Blog
Treasury report spotlights its regulatory reforms, reductions
The Treasury Department this week released a new report “detailing its accomplishments in support of the President’s regulatory reform agenda.”
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Blog
GUIDE Act targets CFPB’s rulemaking transparency
The recently filed Give Useful Information to Define Effective Compliance Act (or, for short, GUIDE Act), seeks to “bring predictability and transparency” to CFPB’s process of promulgating rules and guidance.
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Blog
Court order blocks delay of fuel efficiency standards penalty rule
A federal court has blocked the Trump administration’s delay of a rule that updates the penalties assessed to automakers for non-compliance with federal fuel efficiency standards.
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Article
What Wells Fargo’s woes could mean for near future of bank regulation
A $1 billion fine may set the stage for even harsher enforcement actions against Wells Fargo and their big bank brethren, despite the deregulatory zeal taking hold at the Federal Reserve and other agencies.
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Article
SEC begins process of drafting its own fiduciary rule
With the apparent demise of the Labor Department’s fiduciary rule, the SEC has stepped in to fill the void. Will the proposed Regulation Best Interest aid investors?
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Blog
New guide offers blueprint for successful virtual shareholder meetings
The Virtual Annual Shareowner Meetings Study Group—comprised of 17 executives representing institutional investors, public companies, and proxy and legal service providers—has released a report that identifies best practices to consider when managing virtual meetings.
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Blog
New legislation offered to help regulators fight illegal robocalls
New legislation was introduced in the Senate this week to help the FCC prosecute violations of its robocall rules by increasing the related statute of limitations for FCC action from one year to three.
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Podcast
Podcast: Sanctions compliance made easy—even when things get complex
In our latest podcast our guest is Julie Myers Wood, CEO of Guidepost Solutions, an investigative and compliance consulting firm. We discuss ways to simplify sanctions compliance and ways to leverage the program to meet other regulatory objectives.
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Blog
Podcast: Sanctions compliance made easy—even when things get complex
In our latest podcast our guest is Julie Myers Wood, CEO of Guidepost Solutions, an investigative and compliance consulting firm. We discuss ways to simplify sanctions compliance and ways to leverage the program to meet other regulatory objectives.
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Blog
FTC Commissioner Terrell McSweeny to resign
Terrell McSweeny, a commissioner of the Federal Trade Commission since April 2014, will depart the agency by the end of this month. Chairman Maureen Ohlhausen described her as “a steadfast advocate for consumers and competition.”
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Blog
Battle over CFPB's auto loan guidance could expand scope of CRA
A Senate vote on Tuesday invalidated CFPB guidance on automobile lending practices and could give legislators greater ability to deploy the Congressional Review Act as a tool for regulatory rollbacks.
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Blog
Government bans domestic deals with China-based ZTE
The Commerce Department’s Bureau of Industry and Security has imposed a denial of export privileges on Chinese telecommunications giant ZTE. American companies are now prohibited from selling parts and software to ZTE for seven years.
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Article
Deeds trump talk in compliance culture
From gender-based pay discrepancies to cultural sensitivities, deeds are more important than talk of a quality corporate culture. It is a lesson companies may learn the hard way.
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Article
Kathryn Murtagh: The endowment overseer
For Kathryn Murtagh, managing director and chief compliance officer at Harvard Management Company, handling myriad compliance concerns of Harvard’s financial management arm takes a special kind of vision and commitment.