A diverse group of commercial and financial trade associations urged the Federal Reserve Board to provide guidance on the recently implemented Paycheck Protection Program and other lending facilities established under the Coronavirus Aid, Relief and Economic Security Act.
A subcommittee of the House Financial Services Committee held a hearing to consider six legislative proposals intended to "hold public company executives accountable to both investors and the general public."
U.S. District Court for the Northern District of Texas Dallas Division Chief Judge Barbara M.G. Lynn denied a motion for summary judgment by the Chamber of Commerce, et. al. to challenge and vacate the heightened fiduciary standards mandated by the DOL fiduciary rule.
The U.S. Chamber of Commerce (the "Chamber") submitted an amicus brief in support of the ISDA, SIFMA and the Institute of International Bankers' ("IIB") (together, the "Associations") motion for summary judgment in the case filed against the CFTC's Interpretive Guidance and Policy Statement...