Category Archives: Regulatory

According to American Banker, Consumer Financial Protection Bureau (CFPB) Director Russel Vought directed the CFPB to review and withdraw guidance that does not conform to the new principles stated in his memo. The directive bans certain...

On March 19, the Federal Reserve voted to hold interest rates at the 4.25 to 4.5 percent range. In their post-meeting statement, the Federal Reserve noted that while economic uncertainty has increased, unemployment has stabilized...

On March 2, The Treasury Department announced that it will not take enforcement actions against Americans or American companies that do not provide beneficial ownership information under the Corporate Transparency Act (CTA). According to the WSJ, by...

The White House has nominated a number of individuals to head-up financial regulatory agencies, including the Commodities Futures Trading Commission (CFTC), the Office of the Comptroller Currency (OCC), and the CFPB. If confirmed by the Senate, Brian...

Acting Office of Management and Budget Director Russel Vought halted new funding to the agency and has shut down their headquarters. Vought stated that the CFPB has over $700 million on its balance sheet and will therefore...

On January 31, President Trump appointed Treasury Secretary Scott Bessent as the acting director of the CFPB after former director Rohit Chopra was removed from the position. Immediately following his appointment, Secretary Bessent paused the majority of...

On January 29, the Federal Reserve maintained the federal funds rate target in the 4.25 to 4.50 percent range. The Federal Reserve’s post meeting statement noted that inflation remains elevated and that it is working...

According to Reuters, Paul Atkins will replace Gary Gensler as the Chair of the Securities and Exchange Commission (SEC) under the Trump Administration. Atkins and current SEC Commissioner Hester Peirce will likely take a de-regulatory approach...