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Treasury Suspends CTA Enforcement 

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...

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CFPB Funding Halted 

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...

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Bessent Named Acting Director of the CFPB 

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...

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Fed Holds Interest Rates Steady

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...

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Wall Street Very Optimistic About the Next Four Years

U.S. banks are anticipating that President Donald Trump’s lighter touch on financial regulation will boost productivity and profitability in the banking industry. Bank lobbyist groups applauded President Trumps executive orders that put an immediate freeze...

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Uyeda to Serve as Interim Chair of the SEC 

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...

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CFPB Issues Residential PACE Transactions Rule

On December 17, the CFPB issued the Residential Property Assessed Clean Energy (PACE) Financing final rule. The final rule: (1) clarifies that voluntary tax assessments and liens – including PACE financing – are considered extensions of...

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