Weekly Regulatory Deadlines | May 01 to May 07
Agency Information Collection Activities: Notice of Intent To Extend and Revise Collections 3038-0023 and 3038-0072; Adoption of Revised Registration Form 7-R
CFTC | Securities | Notice
Washington Privacy Act Dies in the House While California Continues to Consider Refinements to the CCPA
Data Privacy Monitor 05/06/2019
After passing the Senate nearly unanimously, the Washington Privacy Act (SB 5376) has stalled in the House of Representatives. The bill failed to achieve passage out of committee by the April 17 deadline for consideration of bills originating in the opposite house and was returned to the Senate on April 28. As a result, SB...
CFPB sues credit repair companies for alleged deceptive marketing
Consumer Finance Monitor 05/06/2019
The CFPB has filed a complaint in Utah federal district court against a related group of companies that provide credit repair services for alleged violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA)...
Trump trade chief says US will boost tariffs on Chinese goods
The Hill 05/06/2019
Alibaba Group Holding Ltd. has agreed to pay $250 million to resolve investors’ lawsuits that accused the company of not disclosing before its $25 billion initial public offering that officials had met with the Chinese government regarding alleged counterfeit products sold on its platforms...
At Wells Fargo, executives push for interim CEO to keep job
American Banker 05/06/2019
While Wells Fargo's board looks far and wide for the bank’s next leader, some of the company’s most senior insiders have an alternative proposal: Why not keep the interim chief?...
Citizens Bank adapts to a market that continues to defy predictions
National Mortgage News 05/06/2019
Tight housing inventory and some unexpected behaviors from potential buyers and sellers of homes have prompted Citizens Bank to make changes to its services and mortgage-loan products...