On July 10, 2017, the Consumer Financial Protection Bureau (the “CFPB”) finalized its proposed arbitration rule that will prohibit providers of
The U.S. Securities and Exchange Commission (“SEC” or the “Commission”) held its annual SEC Speaks conference in Washington, DC on February 24 and 25
On March 31, 2016, the Office of the Comptroller of the Currency ("OCC") published a white paper detailing its new initiative to promote responsible
Over the last several years, financial technology ("FinTech") companies have captured the attention of the marketplace with innovative financial
The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) is conducting its "2014 Benchmark Survey of Financial Services Transactions
The world of the Internet is in a state of change. In 2008, the Internet Corporation for Assigned Names and Numbers (ICANN), the administrator of the
Having weathered the cybersecurity turbulence of 2014, the financial services sector can look forward to increased regulatory attention from federal
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which among other provisions, establishes a Financial Services Oversight Council comprised primarily of the heads of various financial regulatory entities that would monitor, identify and address threats to the stability of the U.S. financial markets, and together with the Federal Reserve or other applicable federal regulator, impose stricter standards and safeguards on any financial company, activity or practice that poses a threat to the stability of the markets and require, if other actions fail, certain financial companies that pose a grave threat to the stability of the markets to divest some of their holdings.
On May 20, 2010, the Senate passed the Restoring American Financial Stability Act of 2010.
In March 2010, the Senate Banking, Housing and Urban Affairs Committee approved a revised version of the financial reform bill, Restoring American Financial Stability Act of 2010, released by Senator Christopher Dodd, Chairman of the Committee, earlier that month.