Birdthistle picked for key SEC post
The Securities and Exchange Commission (SEC) has appointed William A. Birdthistle as its new director of the Division of Investment Management. Birdthisle joins the SEC from the Chicago-Kent Colle...
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Sen. Marco Rubio
Sen. Rubio urges support for bill to ban U.S. investment in some Chinese companies
U.S. Sen. Marco Rubio (R-FL) is working to drum up support in the U.S. Senate for his bill that aims to prohibit American investment in Chinese companies that pose a threat to national security. T...
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CFPB, DOJ provide housing protections for military families
The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) are working to provide legal housing protections for military families amid the COVID-19 pandemic. Authorities indica...
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CUNA supports CFPB’s probe into tech companies payment practices
The Credit Union National Association (CUNA) has expressed support for the Consumer Financial Protection Bureau’s (CFPB) inquiry into technology companies’ payments practices. In a Dec. 20 lett...
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Lawmakers urge Treasury to deploy narcotics-related finance experts
A pair of lawmakers are encouraging the Treasury Department to ensure new Foreign Financial Intelligence Unit Liaisons personnel possess narcotics-related finance and other money laundering issues pro...
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Sen. Warren asks SEC to probe oil firms use of ESG metrics
Sen. Elizabeth Warren (D-MA) is urging the Securities and Exchange Commission (SEC) to investigate oil firms' use of environmental, social and governance (ESG) metrics. At issue, per Warren, is whe...
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SEC fines JP Morgan Securities over recordkeeping violations
The Securities and Exchange Commission (SEC) has charged broker-dealer J.P. Morgan Securities (JPMS) for widespread and longstanding failures to maintain and preserve written communications. JPMS,...
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Financial Stability Oversight Council issues annual report
The Financial Stability Oversight Council (FSOC) approved its 2021 annual report, which includes recommendations related to financial climate risk, cybersecurity, digital asserts, and LIBOR to promote...
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Senators urge Yellen to work with Congress on cryptocurrency provision in infrastructure bill
A group of U.S. senators recently urged Treasury Secretary Janet Yellen to work with Congress to ensure that the cryptocurrency provision in the Infrastructure Investment and Jobs Act is implemented i...
Read MoreSen. Toomey outlines principles for stablecoin legislation
At a U.S. Senate Banking Committee hearing on stablecoins last week, Sen. Pat Toomey (R-PA), the ranking member, outlined a set of principles that should serve as the framework for future legislation....
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