Weekly Regulatory Deadlines | June 17 to June 23

Supreme Court puts new limits on SEC’s use of disgorgement

Supreme Court puts new limits on SEC’s use of disgorgement

Supreme Court puts new limits on SEC’s use of disgorgement

Source: The FCPA Blog

Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E)

CFPB | Deposits, Payments | Final Rule

Definition of "Covered Clearing Agency"

SEC | Securities | Final Rule

Agency Information Collection Activities: Proposed Collection; Comment Request; FEMA Inspection and Claims Forms

FEMA | Mortgage Lending | Notice

California Consumer Privacy Act (CCPA) - Notice of Proposed Rulemaking Action (NOPA)

CA-OAG | Privacy | Notice

Home Mortgage Disclosure (Regulation C)

CFPB | Lending, Mortgage Lending | Final Rule

Supreme Court puts new limits on SEC’s use of disgorgement

Supreme Court puts new limits on SEC’s use of disgorgement
The FCPA Blog 06/22/2020
The Supreme Court today published an opinion that limits the SEC’s ability to use disgorgement without considering and deducting legitimate business expenses, making a significant change to how corporate FCPA settlements will be reached with the agency...
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How banks use the four types of consumer data to drive growth
Bank Innovation 06/23/2020
The financial services market is changing. A recent PwC survey revealed that 71% of U.S. banking executives consider non-traditional market entrants to be a threat, indicating that competition from FinTech and companies like Amazon and Apple is putting pressure on legacy financial brands...
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National Mortgage News

Mortgage forbearances drop for first time since coronavirus hit: MBA
National Mortgage News 06/22/2020
After weeks of watching the curve gradually flatten, the coronavirus-related mortgage forbearance growth rate decreased 2 basis points between June 8 and June 14, according to the Mortgage Bankers Association...
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No, CLOs will not cause the next banking crisis

No, CLOs will not cause the next banking crisis
American Banker 06/22/2020
Collateralized loan obligations comprise less than 1% of all banks' securities, but these minor bank holdings received temporary fame recently when investors used an article in The Atlantic as further evidence of a need to sell bank stocks...
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How COVID-19 May Influence SEC's Enforcement Analysis
Law 360 06/22/2020
Economic analysis is a key part of the U.S. Securities and Exchange Commission's work. The SEC routinely relies on detailed economic and statistical analyses to investigate and prove securities violations, to support SEC rulemaking and to help determine the appropriate amount of disgorgement and penalties to impose for misconduct...
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