08.14.19
Joining the innovation trend, the New York Department of Financial Services (DFS) announced the creation of a new Research and Innovation Division.
07.31.19
A closely watched bill that would have a significant impact on the financial services industry continues to advance through the California Legislature, although a second measure that would regulate lead generators has stalled.
Credit reporting companies would be subject to supervision and examination authority by the Consumer Financial Protection Bureau (CFPB) and would be barred from using Social Security numbers, under new legislation proposed by Rep. Patrick McHenry (R-N.C.).
Shining the light on previously undisclosed examination practices, federal banking regulators and other entities issued an important joint statement addressing their risk-focused approach to BSA/AML examinations.
07.30.19
As the 116th Congress begins its August recess, one of the few big issues with bipartisan support—reauthorization of surface transportation programs—is making progress in the Senate.
07.17.19
The Conference of State Bank Supervisors (CSBS) recently announced that 23 states have now agreed to participate in a streamlined licensing process under which nonbanks requiring a license to operate under state law can benefit from the cooperative efforts of the state regulators in approval of ...
The newly formed House Financial Services Committee’s Task Force on Financial Technology (Committee) recently held its first hearing, and it included some interesting perspectives from both U.S. and U.K. regulators.
It’s out with the guesswork for those entities regulated or insured by the Federal Deposit Insurance Corporation (FDIC).
07.11.19
In a late-night hearing on Tuesday, the California State Senate’s Judiciary Committee deliberated on a suite of proposed amendments to the state’s comprehensive new privacy law, the California Consumer Privacy Act (CCPA).
07.03.19
By a 3-to-1 vote, the Securities and Exchange Commission (SEC) adopted a rulemaking package concerning investment adviser and broker-dealer standards of conduct.