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Financial Regulation

Legal news related to Financial Regulation

9 articles

Regulatory
•4 min read

CFTC Approves Xchange Alpha as New Designated Contract Market

The Commodity Futures Trading Commission has designated Xchange Alpha LLC as a designated contract market under the Commodity Exchange Act. The Arizona-based company demonstrated compliance with federal regulations governing derivatives trading platforms.

•CFTC issued designation order for Xchange Alpha LLC under Section 5 of the Commodity Exchange Act
•Company is Delaware-registered but headquartered in Scottsdale, Arizona
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Regulatory
•4 min read
U.S. Court of Appeals for the Fifth Circuit

CFTC Names Tyler S. Badgley as General Counsel

The Commodity Futures Trading Commission appointed Tyler S. Badgley as its new General Counsel, bringing extensive Treasury Department and private sector experience to lead the agency's legal efforts. Badgley will focus on developing regulatory frameworks for emerging markets while former Acting General Counsel Meghan Tente transitions to a senior advisory role.

•Tyler S. Badgley appointed as CFTC General Counsel after serving as Deputy General Counsel at Treasury Department
•Chairman Selig emphasizes Badgley's role in developing regulatory frameworks for emerging markets and defending CFTC's derivatives authority
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Regulatory
•4 min read

SEC Approves $362.1M PCAOB Budget for 2026 with 9.4% Increase

The Securities and Exchange Commission approved the Public Company Accounting Oversight Board's 2026 budget totaling $362.1 million, marking a 9.4% increase from the previous year. The budget approval includes the accounting support fee that funds PCAOB oversight of public company auditors.

•PCAOB's 2026 budget totals $362.1 million, up 9.4% from previous year
•Budget increase of $37.6 million reflects expanded regulatory oversight needs
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Regulatory
•4 min read

DOJ Blocks CFPB from Accessing Federal Reserve Funding Under Dodd-Frank

The Consumer Financial Protection Bureau informed a federal court that the Department of Justice's Office of Legal Counsel has determined the agency cannot legally request funds from the Federal Reserve under the Dodd-Frank Act. This development raises significant questions about the CFPB's funding mechanism and operational capacity.

•DOJ's Office of Legal Counsel ruled CFPB cannot legally draw Federal Reserve funds under current circumstances
•CFPB filed court notice in ongoing NTEU v. Vought litigation regarding the funding determination
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Regulatory
•4 min read

Fed Issues Enforcement Actions Against Former Bank Employees

The Federal Reserve Board has issued enforcement actions against former employees of First Horizon Bank and Manufacturers and Traders Trust Company. The regulatory actions represent the latest efforts by banking regulators to hold individual banking personnel accountable for alleged misconduct or regulatory violations.

•Federal Reserve issued enforcement actions against former employees of First Horizon Bank and M&T Trust Company
•Actions represent continued regulatory focus on individual accountability in banking sector
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Regulatory
•4 min read

CFPB Grants Relief to Small Loan Providers Missing Registration Deadlines

The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervision actions against entities that miss future registration deadlines under its nonbank registry requirements. This regulatory relief specifically targets small loan providers struggling to comply with registration mandates.

•CFPB will not prioritize enforcement actions for missed registration deadlines under nonbank registry requirements
•Relief specifically targets small loan providers struggling with compliance under the Registry of Nonbank Covered Persons regulation
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Regulatory
•4 min read

CFPB Releases 2024 HMDA Mortgage Lending Data with Privacy Protections

The Consumer Financial Protection Bureau has released comprehensive 2024 Home Mortgage Disclosure Act data containing loan-level information from financial institutions. The dataset includes privacy modifications to protect consumer information while maintaining analytical value for mortgage market oversight.

•CFPB released comprehensive 2024 HMDA mortgage lending data containing loan-level information from financial institutions
•Data includes privacy modifications to protect consumer information while maintaining analytical value
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Regulatory
•4 min read

CFPB Releases Updated Annual List of Consumer Reporting Companies

The Consumer Financial Protection Bureau today published its annual list of consumer reporting companies, a regulatory update that provides transparency into the companies collecting and selling consumer credit information. This routine disclosure helps consumers understand which entities have access to their personal financial data.

•CFPB released its annual registry of consumer reporting companies as part of routine regulatory transparency
•The list provides consumers insight into which companies collect and sell their credit information
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Regulatory
•4 min read

CFPB Fines Wise $2.5 Million for Illegal Remittance Practices

The Consumer Financial Protection Bureau ordered international remittance company Wise to pay nearly $2.5 million in penalties for illegal practices in its money transfer operations. The enforcement action represents a significant regulatory crackdown on violations in the growing digital remittance market.

•CFPB imposed $2.5 million penalty on Wise for illegal remittance practices
•Action targets violations in international money transfer operations
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