Weekly Regulatory Deadlines | Sep 09 to Sep 15
Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and relationships With, Hedge Funds and Private Equity Funds
OCC SEC FDIC CFTC FRS | Securities | Final Rule
OCC chief goes too far reimagining national bank charter
American Banker 09/14/2020
In a series of sometimes blistering comments and commentaries, acting Comptroller of the Currency Brooks has made it very, very clear that he plans to put a high-tech stamp on the national banking charter for as long as he holds the OCC’s seal...
Decisioning AI Targets Friendly Fraud
Such immense effort is expended fighting determined fraudsters that it’s easy to minimize friendly fraud — a frustrating state of affairs that leaves financial institutions (FIs) and merchants on the hook for purchases disowned, justly or otherwise, by legitimate cardholders...
Markets extend comeback after week of retreat
The Hill: Finance Policy 09/15/2020
Markets on Tuesday extended a rebound begun Monday following a dramatic and tumultuous retreat last week.The Dow Jones Industrial Average opened up 200 points, or 0.7 percent, on Tuesday and the S&P 500 opened up 30 points, or 0.9 percent...
Election 2020: What GOP holding Senate would mean for financial services
National Mortgage News 09/15/2020
Legislation favorable to the industry would be unlikely to pass in a divided Congress, but the biggest benefit for banks and credit unions of Republicans retaining control of the chamber would be defending against the disruption of a Democratic blue wave...
Eighth company settles with CFPB over VA loan advertising
On Monday, the CFPB issued a consent order against ClearPath Lending, Inc., an Irvine, California, corporation that is licensed as a mortgage broker or lender in about 22 states...