All Rules & Proposals articles – Page 12
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Article
Trump lawyer’s woes provide lesson for compliance officers
New accusations against one of President Trump’s lawyers should prompt savvy compliance and risk officers to pursue a reinvigorated strategy for Bank Secrecy Act procedures and anti-corruption efforts.
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Article
Treasury looks to bring CRA into the future of modern banking
Enacted in 1977, the Community Reinvestment Act has helped ensure fair lending practices in low-income communities. Now, with mobile banking and FinTech revolutions, some say the law needs to be modernized.
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Article
Trump’s picks for SEC slowly set their agenda
SEC Chairman Jay Clayton and relatively new Commissioners Robert Jackson and Hester Peirce are starting to pick their battles and set priorities.
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Blog
Senate Democrats flag concerns with merger of T-Mobile and Sprint
Senate Democrats are urging the FCC and Department of Justice to closely consider whether T-Mobile’s planned acquisition of Sprint will hurt competition and harm consumers.
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Blog
Labor Dept. maintains scaled-back enforcement while fiduciary rule in limbo
Despite being on the losing end of a legal challenge and amid a presidentially demanded review, the Department of Labor says it will extend temporary enforcement policies related to its fiduciary rule for retirement-focused investing advice.
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Blog
Commissioner Piwowar will depart SEC this summer
On May 7, in a letter to President Trump, SEC Commissioner Michael Piwowar announced plans to depart the post he has held since 2013. He intends to resign on June 7, or upon the swearing in of his successor.
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Blog
FDA rule for mandatory nutrition labels goes into effect
The Food and Drug Administration has chosen not to block or further delay the May 7 compliance date for requirements that restaurants, supermarkets, convenience stores, and movie theaters list calorie information on all menus and menu boards.
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Blog
N.Y. regulator fines NRA-branded insurance provider
New York’s Department of Financial Services has announced that Lockton Affinity and its parent company will pay a $7 million fine for serving as the administrator of the National Rifle Association-branded “Carry Guard” insurance program.
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Blog
SEC launches new enforcement action search tool for investors
The SEC has announced the launch of a new, online search feature that enables investors to look up whether the person trying to sell them investments has a judgment or order entered against him in an enforcement action. The SEC Action Lookup for Individuals is now live and available as ...
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Blog
SEC tries to placate mandatory arbitration fears
In response to House Democrats, SEC Chairman Jay Clayton is once again assuring the public there are no immediate plans to allow companies to demand dispute arbitration in IPO filings and corporate governance documents.
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Blog
States were too quick on the draw suing OCC over FinTech charters
State banking regulators this week suffered a setback with their lawsuit against the OCC over plans to offer bank charters to FinTech companies. Because the OCC’s plan has yet to be implemented, they currently lack standing, a judge says.
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Blog
States sue to stop EPA’s emissions rule rollback
A coalition of states, representing approximately 43 percent of the new-car sales market nationally, is suing the EPA to preserve auto emissions standards.
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Blog
Senate Democrats issue report on Equifax breach, chide CFPB's inaction
The Equifax data breach was even worse than initially feared, say Senate Democrats who accuse the CFPB for its lack of a “robust investigation” and plans to make its complaint database private.
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Blog
CFTC chair wants to reform and repair Dodd-Frank’s swaps rules
CFTC Chairman J. Christopher Giancarlo is trying to set the stage for what he describes as “regulatory reform 2.0,” with a look back on the Dodd-Frank Act’s swaps rules and where his Commission succeeded, or failed.
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Article
With compliance creeping up fast, FinCEN guidance complicates its new rule
By May 11, banks and others in the financial services industry will need to comply with new customer due diligence rules. Recent guidance, banks say, both helped and complicated late-stage compliance efforts.
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Article
Finding right balance on robocall rules is tricky
The challenge for dealing with intrusive robocalls is finding a way to limit the ubiquitous scams while not adding legitimate uses to the rogue’s gallery of con artists.
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Blog
How regional committees can strengthen compliance culture
Implementing a regional model can more effectively ensure employee and third-party compliance with your code of conduct by integrating compliance into every aspect of a company’s functions and generating the necessary information to continuously improve your program.
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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.