Rules In Focus Newsletters

Rules In Focus

Rules in Focus is FSR’s regulatory newsletter featuring the latest insights from the Fed, CFPB, SEC and other major regulators that oversee the financial services industry and the implementation of the Dodd Frank law.

FSR Regulatory Updates


Rules in Focus: Federal Reserve Report Suggests Repeal of Certain Bank Powers and Supervisory Exemptions

On September 8, three federal banking regulators released a joint report to the Congress and the Financial Stability Oversight Council Pursuant to Section 620 of the Dodd-Frank Act. The report analyzed permissible activities of different banking entities the three agencies currently regulate and the risks inherent in such activities. In a...

Rules In Focus: DOL Filing Asks Court to Uphold Its New Fiduciary Regulation

The Department of Labor (“DoL”) filed, on August 19, a motion in the U.S. District Court for the Northern District of Texas opposing FSR and other plaintiffs’ (Plaintiffs) motions for summary judgment in Plaintiffs’ legal challenge to DoL’s new definition of investment-advice fiduciary and its subsequent rulemaking (“fiduciary...

Rules In Focus: FSR Notes Problems with Regulatory Proposal on Incentive-Based Compensation

On July 22, the Financial Services Roundtable (“FSR”) submitted comments to the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, the Office of the Comptroller of the Currency (“OCC”), and the Federal Deposit Insurance Corporation (“FDIC”) (jointly, “Agencies”) regarding a joint-agency...

Rules In Focus: FSOC Rescinds GE Capital Designation

On June 29, the Financial Stability Oversight Council (FSOC) announced that it had voted unanimously to withdraw its determination that the failure of GE Capital would pose a threat to the stability of the United States. As a result of this determination, GE Capital will no longer be subject to the enhanced prudential standards or the supervision...

Rules In Focus: FSR Joins Lawsuit to Overturn DOL Rule on Definition of Fiduciary

FSR, along with eight trade associations (Associations), filed a legal challenge on June 1 to the Department of Labor’s Final Fiduciary Rule (Rule) and related prohibited transaction exemptions (PTEs). In the lawsuit, the Associations allege the “Rule and PTEs overstep the Department’s authority, create unwarranted burdens and liabilities,...