SEC Updates Guidance on Cyber Disclosure by Companies February 22, 2018 By Jim Finkle and Pete Schroeder The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose...
U.S. May Move to Regulate Virtual Currencies February 7, 2018 By Michelle Price and Pete Schroeder U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the...
U.S. Regulator Pulls Back from MetLife’s ‘Too-Big-to-Fail’ Designation January 19, 2018 By Pete Schroeder The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the...
Senators Propose Heavy Fines for Credit Agencies Over Privacy Data Breaches January 12, 2018 By Pete Schroeder Two Senate Democrats are proposing large new fines for credit reporting agencies that lose consumers’ personal information in data breaches,...
Global Regulators Expected to Drop ‘Too Big to Fail’ Test for Insurers November 14, 2017 By Michelle Price and Pete Schroeder Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according...
U.S. Consumer Bureau Offers Rules for Financial Data Collection October 20, 2017 By Pete Schroeder The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services...
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers September 25, 2017 By Pete Schroeder A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on...
Ban on Consumer Mandatory Arbitration Clauses Faces Challenges July 20, 2017 By Lisa Lambert and Pete Schroeder A U.S. rule years in the making that was intended to restore consumers’ ability to band together to sue financial...
House Committee Expected to Advance Overhaul of Dodd-Frank April 27, 2017 By Pete Schroeder A U.S. Congressional banking panel is moving to advance legislation that would overhaul how the government regulates the financial sector,...
OSHA Orders Wells Fargo to Rehire Whistleblower, Pay $5.4 Million April 4, 2017 By Pete Schroeder The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected...