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.
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In a speech on the digital economy, SEC Commissioner Hester M. Peirce emphasized both the constancy of the regulatory mission of the agency and the need for regulators to adapt their rules, and even their attitudes, so that investors can benefit from the improvements.
A New York State Department of Financial Services investigation found that Facebook routinely obtained sensitive data that was collected through consumers' use of third-party applications.
An online virtual currency trading platform entered into a settlement agreement with the Attorney General of the State of New York for misrepresenting the company's losses and falsely claiming that the currency was backed by the U.S. dollar.
The NFA Board of Directors re-elected Maureen C. Downs to serve as Chair for a one-year term and Don Thompson to serve as Vice Chair.