Certain members of the House and Senate introduced a bill that aims to overturn the Consumer Financial Protection Bureau’s final rule that required banks with at least $10 billion in assets to cap overdraft fees at $5. The leaders of the proposed legislation argue that the original rule, which aimed Read More
The Securities and Exchange Commission announced the rescission of guidelines, established during Gary Gensler’s tenure as Chair of the agency, that governed the exclusion of certain shareholder proposals from proxy statements, marking a shift that favors companies in shareholder proposal exclusions. The SEC announced its decision in a Staff Legal Read More
President Donald Trump signed an executive order that directs the Attorney General, Pam Bondi, to cease enforcement of the Foreign Corrupt Practices Act (FCPA) a law that prohibits American companies from bribing foreign officials. President Trumps said he believes that by issuing such an order, he will restore American competitiveness Read More
The Department of Justice announced that it will consider conducting criminal and civil investigations against companies with diversity, equity, and inclusion policies in place. This announcement came from a memorandum released by Attorney General Pam Bondi. The memo states that its purpose is to encompass programs, initiatives, or policies that Read More
Securities and Exchange Commission Acting Chairman Mark Uyeda launched a “Crypto Task Force” dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets. The task force will dedicate itself to developing a “comprehensive and clear regulatory framework for crypto assets.” The task force’s focus will be to assist Read More
President Donald Trump has terminated the Director of the Consumer Financial Protection Bureau, Rohit Chopra, and has designated Secretary of the Treasury, Scott Bessent, as Acting Director of the CFPB. Chopra was appointed as director during the Biden administration in 2021, committing himself to making the financial system more reasonable Read More
The U.S. Senate announced its confirmation of Lee Zeldin as Administrator of the Environmental Protection Agency. Zeldin, who served on President Trump’s legal defense team during his first impeachment, was nominated by the President to lead the EPA. Zeldin previously served in the New York State Senate from 2011-2014 and Read More
The Securities and Exchange Commission announced that it has approved a Nasdaq proposal to remove a rule that requires companies to disclose board diversity data. This announcement follows a ruling from the Fifth Circuit Court of Appeals in which the court found such disclosure requirements unlawful. Under the original board Read More
The Federal Trade Commission announced that it is requiring H&R Block to make a number of changes for the 2025 tax filing season in addition to longer-term changes. The settlement also requires the company to pay $7 million to be used to compensate its customers that were harmed by the Read More
The Securities and Exchange Commission announced that it had filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including 118 standalone enforcement proceedings. The SEC filed a total of 75 enforcement actions in October 2024 alone. Those numbers represent Read More
