The House of Representatives voted to approve the Accelerating Access to Capital Act of 2015. The Act permits small companies to utilize a form for shelf registration to reduce legal, accounting and investment banking fees.
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The Consumer Financial Protection Bureau fined a bank $100 million for "the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts."
Several financial trade associations voiced opposition to regulatory proposals that would repeal certain powers and authorities of merchant banks.
The CFTC approved two final rules to enhance requirements for system safeguards testing by a derivatives clearing organization.
In a Report mandated by the Dodd Frank Act, three federal agencies discussed activities and investments permitted by banking entities, and made recommendations as to how associated risks could best be mitigated by those entities.