The U.S. Supreme Court Jan. 9 turned away a petition by several banks urging review of a ruling that gives federal regulators more time to sue them ( First Horizon Securities Inc. v. FDIC , U.S., No. 16-cv-00463, cert. den. 1/9/17 ).
Consumer Financial Protection Bureau employees could see their salaries fall by as much as 25 percent under Republican legislation that would alter the agency’s pay scale.
In a recent speech, SEC Investor Advocate Rick A. Fleming discussed the future of financial regulation in general and the impact and legacy of the Dodd-Frank Act.
A recent federal appeals court ruling that gives the White House more power over the Consumer Financial Protection Bureau doesn't necessarily mean it will now be subject to the same cost-benefit mandates as other federal agencies.