Weekly Regulatory Deadlines | February 26 to March 03
Control of Firearms, Guns, Ammunition and Related Articles the President Determines No Longer Warrant Control Under the United States Munitions List (USML)
BIS | FCPA/ABAC | Final Rule
How FI’s Innovation Gap Is Big Tech’s Big Opportunity
If we had to pick a favorite highly quoted Jeff Bezos aphorism, “your margin is my opportunity” would almost certainly be a contender for the top spot. The “almost “is simply because it is not clear that it is even a legitimate quote. Like many famously quotable people, a lot of things are attributed to Amazon’s founder and CEO that he may not have ever actually said...
Rate cut could prompt even tighter margins, mortgage surge
American Banker 03/03/2020
The Fed’s decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen...
Justices Indicate They May Further Narrow SEC's Enforcement Authority
The Wall Street Journal: Markets 03/03/2020
U.S. Supreme Court justices Tuesday indicated they may be inclined to rein in how courts and regulators order wrongdoers to return money earned through illegal investment schemes...
Big banks want regulation eased due to coronavirus. Experts call it opportunistic.
The Washington Post: Business 03/03/2020
The Bank Policy Institute, which represents the country’s biggest banks, from Bank of America and Goldman Sachs to JPMorgan Chase, is recommending, among other things, that the Federal Reserve lower capital requirements so that the industry can continue to lend money...
Partisan fight over consumer bureau arrives at Supreme Court
The Hill 03/02/2020
The Supreme Court on Tuesday will hear oral arguments in a case that could be the culmination of Wall Street’s 10-year battle against the Consumer Financial Protection Bureau (CFPB), the independent regulator created by Congress in the wake of the financial crisis...