regulation News

As Supreme Court Decisions Loom, a Legal Assault Is Weakening SEC’s Power

A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street and is likely to intensify with two imminent Supreme Court rulings. A U.S. appeals court last week overturned a major …

Despite Consumer Watchdog’s Supreme Court Win, CFPB Powers on Chopping Block

The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau—the nation’s consumer finance watchdog—earned plaudits from supporters of robust federal regulation. But their praise for the court may prove short-lived. Powered by its 6-3 conservative majority, the court has …

18 States Sue Over EEOC’s Policy on Transgender Workers

A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing broad legal protections for transgender workers. The 18 states filed the complaint in federal court in Knoxville, Tennessee, late Monday. …

US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules

A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal …

Chamber of Commerce Sues to Block FTC’s Non-Compete Ban

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …

US Senate Votes to Reject Rule to Cut Greenhouse Gas Emissions on Highways

The U.S. Senate on Wednesday passed a resolution that would overturn a federal agency’s rule requiring states to measure and set declining targets for greenhouse gas emissions from vehicles using the national highway system. The Federal Highway Administration rules were …

FTC Asks Congress for Authority Over Its Own Consumer Cases

The US Federal Trade Commission is asking Congress to change the law so it can handle its own privacy settlements and other consumer protection cases that it’s currently forced to refer to the Justice Department. The DOJ has been slow-walking …

SEC Bribery Unit Probes Technology Companies’ Use of Contractors

The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the matter. The …

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC’s board of directors is poised to …

Republican-Led States Sue SEC Over Climate Risk Disclosure Rules

Ten Republican-led states have sued to challenge new federal rules that require U.S.-listed companies to report climate-related risks, a spokesperson for the West Virginia Attorney General’s Office said on Wednesday, hours after the U.S. Securities and Exchange Commission approved the …