federal regulation News

Federal Judge Orders Halt to Trump Administration Efforts to Dismantle CFPB

A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the Consumer Financial Protection Bureau, the latest rebuke from the courts in the White House’s efforts to remake the federal …

SEC Beginning to Onboard DOGE Staff, Email Says

The U.S. Securities and Exchange Commission is beginning to onboard officials with billionaire Elon Musk’s Department of Government Efficiency, according to an email sent on Friday to department staff. SEC staff were informed that the DOGE task force had contacted …

NAIC, Legislators Push to Abolish the Federal Insurance Office

Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury’s Federal Insurance Office. This comes on the heels of legislation, the Federal Insurance Office Elimination Act, introduced in January …

SEC to Focus on Traditional Cases Under New Leadership, Acting Director Says

The U.S. Securities and Exchange Commission will likely focus on more traditional cases under incoming leadership, including those involving individual wrongdoing and fraud targeting elders, the agency’s acting enforcement director said on Monday. The SEC has pioneered novel enforcement theories …

FCC Chairman Threatens to Block M&A for Companies With DEI

The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. The move could threaten billions of dollars worth of deals in the communications sector, with …

Trump Administration Dismisses Democratic FTC Commissioners

The Trump administration dismissed two Democrats on the US Federal Trade Commission on Tuesday, in the latest example of the White House asserting control over US agencies. The commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, were told of their dismissal …

SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era

The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not …

Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit

Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator. There will be …

SEC’s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers

The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of crypto enforcement actions and turning what was once a hostile landscape for digital assets into a potential haven. In the …

CFPB Drops Lawsuits Against Capital One, Rocket Unit

The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency pledged to “right size” the watchdog under President Trump. The CFPB dismissed cases against Capital One Financial Corp., a unit …