The CFPB sued an online lender and several subsidiaries for violating the Military Lending Act by, among other counts, imposing fees that exceeded the Act's limit of 36 percent Military Annual Percentage Rate.
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CFTC Commissioner Christy Goldsmith Romero decried the unchecked Wall Street's risk-taking that required Treasury bailouts in the past, and she highlighted the need for regulators to reduce "systemic or sub-systemic" risk.
In a supplemental comment letter, SIFMA reiterated its position that the SEC should reconsider the proposed fee split set out in the Consolidated Audit Trail Executed Share Funding Model.
The SEC reopened the public comment period for 11 proposed rulemakings and one Request for Information due to a technical error that prevented the SEC from receiving many of the submissions.
In response to the CFTC's Request for Information on climate-related risk, FIA said that additional CFTC regulation is not necessary to ensure that supervised institutions are properly accounting for ESG factors.