Congress will reportedly get more say in the federal spending cuts and layoffs being made by the Elon Musk-led Department of Government Efficiency (DOGE). Musk and Republican lawmakers are meeting twice Wednesday (March 5) on Capitol Hill, and some of these lawmakers have been saying...
The Treasury Department said Sunday (March 2) that it will not enforce the Corporate Transparency Act’s penalties and fines associated with the beneficial ownership information reporting rule. It will not do so under the existing regulatory deadlines and will not enforce penalties or fines against...
Paytm has received a show-cause notice from India’s financial crime-fighting agency. The notice pertains to an alleged violation of India’s Foreign Exchange Management Act, the FinTech said in a statement Saturday (March 1). The alleged violations have to do with Paytm’s acquisition of two subsidiaries...
Artificial intelligence (AI) and retail investor fraud will be the topics of two panels that will be organized by the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC) and held at a public meeting on March 6. The public meeting will be held at the SEC...
The future is uncertain for a host of regulatory agencies these days, with the financial services sector seeing more uncertainty than most. The Consumer Financial Protection Bureau is on unsure footing, to say the least. There’s a proposal on the table to combine the Federal...
Robinhood Markets CEO Vlad Tenev reportedly said Tuesday (Feb. 25) that government regulation is good for the company’s business. Speaking with Bloomberg Television, Tenev added that the Robinhood knows how to operate in a regulated arena. “I think customers want to know that their assets are safe and that...
President Donald Trump’s nominee for the Federal Trade Commission (FTC), Mark Meador, said Tuesday (Feb. 25) during a Senate confirmation hearing that the agency should combat companies’ overly restrictive noncompete agreements and should continue its efforts to fight censorship on tech platforms. Meador was nominated...
At least nine states are reportedly considering bills that would require app store operators to verify users’ ages and get parental consent for minors before allowing them to download apps. Over the last two months, legislation has been introduced in Alabama, Alaska, Hawaii, Kentucky, New Mexico,...
It wasn’t quite a manic Monday this week. But don’t bet on that relative calm to continue. While the past week in Washington lacked the frenetic pace of recent months, the coming days could set the tone for financial regulation well into 2025. Three pivotal...
