All Rules & Proposals articles
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Blog
New rules would make setting up a company in the EU easier
EU co-legislators agreed this week on new rules to facilitate establishing businesses electronically and promote online operations throughout a company’s lifecycle. The new rules aim to save companies time and money, while increasing safeguards against fraud and abusive behaviour through online identity checks.
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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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SEC petitions for ‘guidance’ restrictions, enhanced bank disclosures to break out overdraft fees
A recent public rulemaking petition asks the SEC to prohibit guidance that becomes binding and enforceable. A separate petition seeks more detailed revenue breakdowns in banks’ 10-K filings.
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Article
Volcker rule rehash drives renewed backlash from Dem regulators
Proponents of a new multi-agency proposal to amend the Volcker rule tout its compliance-relieving benefits for small- and medium-sized banks. Critics, who had a chance to vote this week, fear that the plan “euthanizes” it.
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Dodd-Frank Act rule rollback makes its way through Congress
With some help from Democrats, Congressional Republicans have sent the most significant Dodd-Frank Act regulatory retreat to date on to the desk of President Trump.
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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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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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ArticleSenate’s latest Dodd-Frank reforms get a bipartisan push, but divide Democrats
Bipartisan Senate legislation looks to scale back Dodd-Frank regulations on smaller banks, but critics contend that a rules rollback would benefit big banks more than anyone.
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Blog
Proof in the pudding? Trump's deregulation efforts by the numbers
The newly released Unified Agenda of Federal Regulatory and Deregulatory Actions illustrates the torrid pace of rule-slashing engaged in by the Trump Administration. Another takeaway: don't expect lingering Dodd-Frank rulemaking to reappear any time soon.
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Blog
Press X to start
There is always a tension between gaming the system and breaking the rules, and we can’t have innovation unless we allow a little outlaw thinking to develop on its own.
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How a pair of SEC rules might survive deregulation
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.
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Transforming information gatherers into information analyzers
The case for automating simpler data-driven aspects of compliance makes itself, but don’t forget how automation can further empower human CCOs, too.
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Article
Yes, there is still a conflict minerals rule
Lest you think recent developments—a leaked White House memo, a resolved lawsuit, and the reopening of public comments to the SEC—mean an end to the conflict minerals rule, be assured that the May filing deadline remains in place.
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ArticleFiduciary rule follies: court ruling creates presidential dilemmas
The Department of Labor’s fiduciary rule passed its latest legal challenge, with a dressing down of plaintiff’s concerns by a federal judge in Texas. The ball is now in the Trump Administration’s court. Joe Mont reports.
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Blog
‘A Dog’s Purpose’ is not to drown
Bill Coffin looks at what went wrong during the filming of ‘A Dog’s Purpose’ and the American Humane’s role in ensuring (or not) that the film was compliant with animal rights.
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What to expect from Trump’s SEC nomination
President-elect Donald Trump’s pitch to head the SEC is Jay Clayton, a partner with Sullivan & Cromwell. Joe Mont fields reactions and looks for clues on how he might lead the agency.
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Wells Fargo CEO faces bipartisan furor
You know you are having a horrible week when complaints against your company unite Democrats and Republicans, but that’s exactly what Wells Fargo CEO John Stumpf faced
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ArticleNew pay reporting rules could drown employers in costly paperwork
As the federal government tries to squash pay discrimination, the new reporting requirements it might impose would smother employers in costly paperwork. David Bogoslaw explains how bad it might be.
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Discussing the many facets of disclosure effectiveness
The SEC is seeking comment on nearly 350 questions regarding the Commission’s Regulation S-K effectiveness review. At last week’s Compliance Week conference, Karen Garnett of the Division of Corporate Finance headlined a panel discussion on the process thus far. Joe Mont has more.
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Article
Seeking to squash mandatory arbitration, CFPB proposal draws praise and venom
The Consumer Financial Protection Bureau is moving ahead with a proposed rule that will prohibit mandatory arbitration clauses. While proponents agree with the Bureau’s assertion that class-action lawsuits provide a more effective means for consumers challenging problematic practices, pro-business groups see the rule as a deathblow for financial services arbitration ...