CFPB’s small business data collection rule hits banks at ‘the worst time,’ analysts say
American Banker 03/27/2023
The Consumer Financial Protection Bureau is expected to come out with a rule this week that will require banks and other lenders to collect data on small businesses that apply for loans. The long-anticipated rule…
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DOJ Escalates Compliance Program Requirements
Volkov Law 03/27/2023
The Justice Department is rapidly pushing corporations to a new level of compliance. We are witnessing a watershed moment – DOJ is raising the bar on expectations surrounding corporate compliance programs…
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Regulators Look Closer at ‘Shadow Lending’ Following SVB Crisis
Pymnts 03/27/2023
The report notes that questions about the possible threat became more immediate following the collapse of Silicon Valley Bank earlier this month, as it was a top financier of venture capital and private equity funds…
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US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
Coindesk 03/27/2023
I recently spoke with U.S. Senator Cynthia Lummis (R-Wyo.), aka “the Crypto Queen,” who wants to pass legislation that will bring regulatory clarity to the cryptocurrency space. She’s frustrated it hasn’t yet happened…
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The SEC Sets Its Sights on ESG
Harvard 03/27/2023
As more investors seek to align their portfolios with their values, asset managers and financial advisers are increasingly offering environmental, social, and governance (ESG) products and strategies. While investors certainly gravitate towards…
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