Commentary by Steven Lofchie
House Financial Services Committee members Maxine Waters (D-MO) and Gwen Moore (D-WI) criticized the treatment of the Conflict Minerals Rule by SEC Commissioner Michael Piwowar and the SEC Division of Corporation Finance.
House Financial Services Committee Chair Jeb Hensarling (R-TX) expressed concern that Consumer Financial Protection Bureau Director Richard Cordray's political ambitions are impacting his actions as head of the Bureau.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC proposed extending the transitional capital treatment of certain regulatory capital deductions, risk weights and minority interest requirements.
New York State's "first-in-the-nation" cybersecurity regulation became effective on August 28, 2017.
The SEC Office of Investor Education and Advocacy cautioned investors about risks associated with the microcap stock of companies touting initial coin offerings.