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: Congressional Hearing Notes Dangers of Proposed DoL Fiduciary Rule for Retirement Savers

House members recently held a joint hearing to discuss the need for legislation to delay or stop proposed rules issued by the Department of Labor (DoL) that would revise the definition of investment-advice fiduciary and related exemptions. If the rule is enacted, it is expected to restrict low and moderate-income American's access to financial...

Rules in Focus: FinCEN Proposes Rules to Prevent Advisers from Being Used For Money Laundering, Terrorist Financing

The Financial Crimes Enforcement Network (FinCEN) recently issued proposed rules on anti-money laundering (AML) requirements for investment advisers registered with the Securities and Exchange Commission (SEC). The proposed rules would require advisors to develop policies that would prevent advisors from being used for money laundering...

Rules in Focus: FSR Releases ‘SIMPLE’ Solution to DoL’s Fiduciary Proposal

FSR submitted a comment letter this week urging the Department of Labor to forego adopting a proposed new definition of “investment advice fiduciary” under the Employee Retirement Income Security Act (ERISA). FSR argues that the proposal will adversely affect the ability of Americans to plan and save retirement by limiting how financial...

Rules In Focus: SEC Pay Versus Performance Proposal Could Be ‘Confusing’, ‘Misleading’ to Investors

The Financial Services Roundtable submitted a comment letter to the Securities and Exchange Commission (SEC) concerning its proposed Pay Versus Performance disclosure rule. Although FSR supports meaningful disclosures to investors and market participants, FSR’s letter expresses concern that the SEC’s proposed rule takes an overly generalized...

Rules In Focus: Supreme Court Rules Disparate Impact Claims are allowed under the Fair Housing Act

In a decision released yesterday on June 25, the U.S. Supreme Court upheld a lower court decision finding that disparate impact claims are allowed under the language of the Fair Housing Act (FHA). Under the FHA it is unlawful to, “refuse to sell or rent . . . or otherwise make unavailable or deny, a dwelling to a person because of race” or...