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The House of Representatives voted 416-6 on Wednesday to pass two bills from the Financial Services Committee, including one measure that would establish a rulemaking deadline for the SEC to implement a certain JOBS Act provision. Under H.R. 701, the … Read More…

The House Oversight and Investigations Subcommittee recently concluded its review of “too big to fail” on Wednesday, finding Dodd-Frank did little to end TBTF but “enshrined it” instead. “Title II of Dodd-Frank, which created the Orderly Liquidation Authority, made government … Read More…

The North American Bangladesh Worker Safety Working Group, which is comprised of five Canadian and U.S. retail associations, reaffirmed its commitment to improving worker safety conditions in Bangladesh on Wednesday. The “Safer Factories” intiative includes short-, medium- and long-term goals … Read More…

CFTC Commissioner Scott O’Malia spoke before Energy Risk USA’s recent conference on the commission’s “unknown unknowns,” areas of the rule implementation process that are “impossible to identify, but in hindsight…are the result of the Commission’s inconsistent rules.” O’Malia said the … Read More…

The National Association of Federal Credit Unions currently has lobbyists on Capital Hill working to ensure credit unions’ tax exemption as Congress moves forward on debate and issues surrounding tax reform. Recently, the House Ways and Means Committee held a … Read More…

Senate Majority Leader Harry Reid (D-Nev.) recently said that he plans to hold a vote next week on CFPB Director Richard Cordray’s nomination to the position. Reid has sought to make changes to Senate filibuster rules, though he said he … Read More…

The CFPB announced on Wednesday the availability of several Youtube videos featuring plain-language information on the agency’s new mortgage rules. The videos relate to mortgage servicing, the Truth in Lending Act’s escrow rule, loan originator compensation rule, ability-to-repay—or QM—rule, the … Read More…

CrewCash Card, a payroll and benefits platform, launched on Thursday to allow crewmen employed by participating shipping and trading firms to receive direct deposit paychecks on a MasterCard branded prepaid debit card. “MasterCard is constantly looking for new products and … Read More…