Tag Archives: regulatory burden

New York Finalizes Cybersecurity Rules

The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to establish and maintain a cybersecurity program as part of an ongoing effort to protect consumers and the state’s financial system from cybercrime.

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Toomey: Time to Rethink CCAR

In a letter yesterday to Federal Reserve Chair Janet Yellen, Sen. Pat Toomey (R-Pa.) called for the Fed to do away with its Comprehensive Capital Analysis Review process for banks with $10 billion or more in assets.

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Texas Court Upholds DOL Fiduciary Rule

A judge in the U.S. District court for the Northern District of Texas ruled yesterday that the Department of Labor acted within its statutory authority in issuing the fiduciary rule last year, which greatly expanded the definition of “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.

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Hensarling Joins Summit Speaker Lineup

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has been added as a keynote speaker at the ABA Government Relations Summit, to be held March 20-22 in Washington, D.C.

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