Weekly Regulatory Deadlines | October 30 - November 05

Bill expands grounds for MAS to revoke bank licenses

Bill expands grounds for MAS to revoke bank licenses

Bill expands grounds for MAS to revoke bank licenses

Source: The Straits Times

Solicitations of Interest Prior to a Registered Public Offering

SEC | Crowdfunding, Securities | Final Rule

Position Limits and Position Accountability for Security Futures Products

CFTC | Securities | Final Rule

EB-5 Immigrant Investor Program Modernization

DHS | Mortgage Lending, Securities | Final Rule

Solvency II: Supervisory approval for the volatility adjustment - Consultation Paper 11/15

UK-PRA | Securities | Consultation paper

Implementing the Financial Policy Committee's recommendation on loan to income ratios in mortgage lending - Consultation Paper 11/14

UK-PRA | Lending, Mortgage Lending | Consultation paper

Bill expands grounds for MAS to revoke bank licenses

Bill expands grounds for MAS to revoke bank licenses
The Straits Times 11/04/2019
The grounds on which bank licenses can be revoked by the Monetary Authority of Singapore (MAS) will be expanded, among other proposed changes introduced in Parliament yesterday...
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ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
CoinDesk 11/05/2019
A U.S. court issued penalties against the team and firms behind ATM Coin for fraud and misappropriation of client funds in case brought by the CFTC...
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$11 trillion U.S. mortgage market has a shadowy new player

$11 trillion U.S. mortgage market has a shadowy new player
American Banker 11/05/2019
Financial regulators have been put on notice about the risk of an economically damaging cash crunch in the home mortgage market. Behind the concern: The rapid growth of shadow banks in the origination and servicing of home loans...
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Debt in America Share Your Story

Debt in America: Share Your Story
The Wall Street Journal 11/05/2019
More Americans are facing the financial realities of being in debt, whether it is a car loan, credit cards, student loans or more. Consumer debt, not counting mortgages, has climbed to $4 trillion...
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CFPB and states file action against student loan debt relief companies and individual owners and managers
Consumer Finance Monitor 11/04/2019
The CFPB, joined by the Minnesota Attorney General’s Office, North Carolina Department of Justice, and the Los Angeles City Attorney, filed a lawsuit in the U.S. District Court for the Central District of California against two companies involved in the marketing and sale of student-loan debt-relief services as well as individual owners and managers of the companies alleging violations of the CFPA, the Telemarketing Sales Rule (TSR), and various state laws...
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