In This Issue:
- SEC Considers New Funding Rules for Shadow Banking System
- Judge Backs FTC Authority to Pursue Payday Lenders
- Regulator Estimates Volcker Rule Could Cost Banks Up to $4.3B
- Appeals Court Rules Against Retail Groups Over Debit Card Fee Cap
- CFPB Investigating Those Linking Payday Lenders, Wage Earners
- Top Complaint Against Debt Collectors is Mistaken Identity
- Debt Collectors Accused of Targeting Armed Services Members
- Survey Finds Financial Firms Hit Hardest by Cybercrime
- Excerpt from SEC Considers New Funding Rules for Shadow Banking System:
U.S. regulators concerned that banks and brokerage firms remain too dependent on risky types of short-term funding are weighing new rules designed to reduce reliance on parts of what is often called the shadow banking system. The SEC is considering new funding rules for brokers as well as a limit on leverage similar to those used by theFederal Reserve and other regulators for banks, according to a regulatory document andSEC officials familiar with the matter.
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Topics: Banks, CFPB, Cyber Attacks, Debit Cards, Debt Collection, FTC, Payday Loans, SEC, Volcker Rule
Published In: Antitrust & Trade Regulation Updates, Consumer Protection Updates, Finance & Banking Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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