The Biden Administration’s appointment of Dave Uejio as CFPB Acting Director signals a shift in the agency’s regulatory agenda toward more attention on fair lending practices.
Senator John Kennedy (R-LA) introduced the "Protecting Investors' Personally Identifiable Information Act." The legislation would exclude personally identifiable information from Consolidated Audit Trail reporting requirements.
The CFTC Market Participants Division and Division of Market Oversight extended through September 30, 2021, COVID-19 related no-action relief to floor brokers from location, registration and real-time market monitoring requirements.
The U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets considered legislation and testimony concerning the transition from the London Inter-Bank Offered Rate.
The U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions held a hearing to consider proposed legislation on novel financial institution charters such as industrial loan companies, as well as state charters and licenses for cryptocurrency and blockchain firms.
The CFTC staff granted swap dealers no-action relief from certain "transaction-level" requirements in an effort to maintain the regulatory status quo following the UK's exit from the European Union.
CFTC Commissioner Dan M. Berkovitz argued that futures contracts tied to the outcome of sporting events should be permitted to be traded on a designated contract market if it can be demonstrated that there is an economic purpose and the contract provides impartial access to the public.
The Federal Reserve Board's issuance of a joint rulemaking that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance will become effective May 10, 2021.
Senate Finance Committee Chair Ron Wyden (D-OR) intends to introduce a broad "mark-to-market" bill later this year that would require certain taxpayers to pay an annual tax on any unrealized gain on assets.
The SEC Division of Corporation Finance staff issued guidance on accounting, financial reporting and governance issues that private operating companies should consider prior to undertaking a "business combination" with a special purpose acquisition company.
A firm, its chief compliance officer and one of its supervisors settled FINRA charges for supervisory failures relating to unsuitable recommendations made by one of the firm's representatives.
The CFTC Market Participants Division issued CPO and CTA registration relief to a company that acquires biopharmaceutical royalty interests and uses swaps to hedge its interest rate risk on floating rate debt used to finance the company's operations.
In a paper funded by the FINRA Investor Education Foundation, researchers found that online educational interventions increase consumers' ability to recognize and resist fraudulent investment opportunities.
Senators Jeff Merkley (D-OR), Raphael Warnock (D-GA) and Sherrod Brown (D-OH) introduced a bill that would prohibit members of Congress from trading securities, commodities and futures.
NFA approved the adoption of a new interpretive notice that requires CFTC-registered firms that outsource regulatory obligations to implement a written supervisory framework governing the outsourcing arrangements.
The CFTC charged two individuals, including well-known technology entrepreneur John McAfee, with engaging in a "pump-and-dump" scheme involving digital assets. It is the first ever enforcement action for a manipulative scheme involving digital assets.
In a new Executive Order, President Joseph R. Biden revoked a number of executive actions on financial regulation and regulatory relief issued by former President Trump.
The CFPB stated that it expects to delay the July 1, 2021 mandatory compliance date of the General Qualified Mortgage Rule and is considering whether to revoke or amend the "Seasoned QM" Final Rule.
A broker-dealer settled FINRA charges for failing to establish controls and supervisory procedures reasonably designed to ensure compliance with the Market Access Rule.
