Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration, a person with knowledge of the matter said. “This letter confirms that my term as CFPB director has concluded,” he …
The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She signaled top US …
A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter. In the …
Silicon Valley Bank’s lack of a chief risk officer for much of last year is being examined by the Federal Reserve as part of its probe of the bank’s failure, two people familiar with the matter said. SVB revealed in …
Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that …
Business associations for top U.S.-listed companies have pushed back against a landmark proposal by the Securities and Exchange Commission (SEC) to make corporate America disclose a range of greenhouse gas emission figures. Groups including the U.S. Chamber of Commerce, the …
U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing it could kill the industry. The American Securities Association (ASA), the SPAC Association …
The U.S. Securities and Exchange Commission (SEC) on Monday said it charged three Charles Schwab Corp investment adviser subsidiaries with failing to disclose less profitable fund allocations and misleading its robo-adviser clients. Without admitting or denying the SEC’s charges, the …
The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposal will …
The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its landmark proposal to require U.S.-listed companies to disclose a range of climate-related risks and greenhouse gas emissions. Gary Gensler, who …
