Rules & Proposals

Amid an exodus of CEOs, President Trump, under fire for post-Charlottesville remarks, is ending two White House forums that advised him on economics and manufacturing.   

 

Republican governors have served CFPB Director Richard Cordray with another Freedom of Information Act request in an effort to prove a Hatch Act violation.

With a new SEC chairman, a new push is underway to have a fresh consideration of a disclosure rule covering political contributions made by public companies.

Recent legislation, gaining Republican support, would limit the power of the NLRB. It would be able to conduct investigations, but not be allowed to prosecute them.

Senator Elizabeth Warren (D-Mass.) is targeting top bank executives, demanding that they go public with their views of the CFPB's recent rule banning forced arbitration.

New York’s new cyber-security rules are already creating compliance and liability concerns. They may also give rise to a fractured playing field of demands in other states.

Downsizing the regulatory regime can be a worthy goal that helps build the economy without harming the public. But be wary when politics guide the process.

Democrats are demanding transparency into the Trump administration's deregulatory task forces, citing conflicts of interest involving appointees who benefit from task force recommendations.

House Financial Services Committee Republicans are moving contempt proceedings against CFPB Director Richard Cordray along with the release of a report outlining their case.

The Federal Communications Commission has received more than 16 million comments on a proposal to revive net neutrality. Deliberations on the rule, introduced in May, allowed for a 30-day public comment process.Nevertheless, Democrats, are calling on the FCC to extend the expiring comment period.

The CFPB is proposing model disclosure forms intended to improve upon what banks and credit unions already provide to consumers weighing overdraft coverage. The Bureau is currently testing four prototypes that have a simple, one-page design.
 

The CFPB has reached a consent order with JPMorgan Chase Bank for alleged failures related to information it provides for checking account screening reports. It will pay a $4.6 million penalty and implement necessary changes to its policies to prevent future legal violation.

The Federal Trade Commission has charged 12 defendants with laundering millions of dollars in credit card charges through fraudulent merchant accounts.

A new survey of bank CCOs conducted by the American Bankers Association shows continued concerns about their regulatory burden and skepticism that piling up rules actually helps.

While members of the Trump Administration wave off persistent critics, rule changes are starting to take root, notably for the Volcker rule.

Developed as a database to monitor markets and prevent flash crashes, the SEC’s consolidated audit trail has a big, new roadblock.

The Board of Governors of the Federal Reserve has announced proposals to streamline post-financial crisis regulatory burdens imposed on directors at banks and reassess how ratings are issued.

The latest effort to revise the Dodd-Frank Act’s Volcker rule is a public comment period, orchestrated by The Office of the Comptroller of the Currency, that may lead to a multi-agency Notice of Proposed Rulemaking.

Congresswoman Maxine Waters has introduced a bill intended to ensure a fair and public process for waiving automatic disqualification provisions. The issue of waivers is a longstanding one for the Commission.

The Senate is debating bipartisan legislation intended  to protect women and young girls from modern-day slavery. The plan has some concerned about online freedom of speech.

While complaints about the CFPB’s recent rule banning the use of mandatory arbitration clauses pile up, Director Richard Cordray is also facing additional challenges to his authority.

Wells Fargo will pay millions to resolve issues with its auto loan customers who were harmed due to issues related to collateral protection insurance policies.

There has been plenty of tough talk of deregulation in the Trump administration, but a few rules appear too valuable to repeal or roll back.

The Sarbanes-Oxley Act, legislation that ushered in an era of refocused corporate compliance, is in the spotlight again. Has it worked? Or will it end up on the regulatory chopping block?

With a party-line vote, Republicans in the House of Representatives have rallied with a vote to repeal the CFPB's recent ban on mandatory arbitration agreements. The repeal effort now moves onto the Senate for a vote.