Weekly Regulatory Deadlines | March 18 to March 24
Assessment of Fees on Certain Bank Holding Companies and Nonbank Financial Companies Supervised by the Federal Reserve Board to Cover the Expenses of the Financial Research Fund
TREAS | Deposits, Securities | Final Rule
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry...
FDIC issues proposed rule for approval of ILC deposit insurance applications
Consumer Finance Monitor 03/24/2020
The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB). The proposal is a significant development for fintech companies and other commercial companies seeking to establish ILCs...
Adviser To Pay $35M In SEC Action Over Hiding Losses
Law360: Securities 03/24/2020
A New York-based firm will pay the SEC more than $35 million to resolve allegations that the firm spent years defrauding its customers by hiding losses in its flagship hedge fund, under the terms of a proposed judgment filed Monday in New York fed...
All the Tech Tips for Your New Work-From-Home Life
The Wall Street Journal 03/24/2020
Slow Wi-Fi? Incessant notifications? Slack taking over your life? You aren’t alone. WSJ’s Joanna Stern provides daily solutions to reader’s tech problems. She has gathered them here...