Reported by White and Case LLP The linked article provides an overview of the U.S. Securities and Exchange Commission’s (SEC) enforcement efforts in 2024, highlighting its activities under outgoing Chair Gary Gensler. Enforcement actions dropped 26% from the previous year, with 583 cases filed. However, financial penalties reached a record $8.2 billion, largely due to […]

Reported by Ron Shevlin The New Director Should Remake the CFPB The bureau—which one industry insider (who, not surprisingly, prefers to go unnamed) calls the Center For Punishing Banks—needs a complete overhaul. The root of the CFPB’s ineffectiveness is that it believes that the way to fix the banking industry’s problems is to regulate. To […]