WASHINGTON, May 19, 2025 – The Structured Finance Association, a leading trade association representing the structured finance and securitization industry, welcomes the Securities and Exchange Commission’s no-action letter that provides limited relief from enforcement action...
Read MoreCertain Buy-Now, Pay-Later (BNPL) lenders are beginning to report to credit bureaus. Affirm – one of the largest BNPL lenders – will begin reporting to Experian on April 2. While this change only affects Affirm...
Read MoreJudge Liles C. Burke of the U.S. District Court in Huntsville, AL ruled on March 1st that the Corporate Transparency Act (CTA), which was intended to help the Treasury identify money launderers who hide behind...
Read MoreIn an extensive report released on June 27, the U.S. Department of Treasury called on insurers and state regulators to ramp up their efforts to evaluate risks posed by climate change. The report stating that...
Read MoreFed’s Pilot Program for Climate-Related Stress Tests—Six-Month Deadline for Six Bank Participants Participants in the Federal Reserve’s climate stress test pilot program—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo—have received...
Read MoreMembers of Congress Submit Bipartisan Letter on SEC Rule 15c2-11 In late July twenty members of Congress submitted a bipartisan letter to the Securities and Exchange Commission (SEC) regarding its enforcement of Rule 15c2-11 and...
Read MoreSEC Extends Comment Period on the Proposed Climate Risk Disclosure Rule, Reopens Comment Period on Two Other Rule Proposals Following advocacy efforts by SFA and others, the SEC is providing additional time for the public...
Read MoreSFA Responds to SEC: Cybersecurity Disclosure Proposal Must Recognize Differences in ABS On May 9, SFA submitted a comment letter in response to the SEC’s request for comments on their cybersecurity disclosure proposal. In our...
Read MoreSFA Responds to SEC Proposal to Amend Investment Advisers Act On April 25, SFA submitted a letter to the Securities and Exchange Commission (SEC) in response to its proposal to amend the Investment Advisers Act...
Read MoreSEC Climate Disclosure Proposal Presents New Risks for Consideration The Wall Street Journal reports that the Securities and Exchange Commission’s recent climate disclosure proposal would expand the exposure of public companies to securities litigation. As...
Read MoreOn March 21, the Securities and Exchange Commission (SEC) proposed new rules that would require companies to disclose climate risk-related information in its annual financial reports and registration statements. As expected, the proposed disclosures are...
Read MoreOn March 14, the European Central Bank (ECB) published a new report reviewing the progress of European banks on disclosing climate risks. The ECB concludes that while banks are making advancements on disclosing environment related...
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