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House votes to gut two consumer protection rules
These legislative efforts coincide with President Trump's moves to shrink the federal government.
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House Financial Services asks agencies to rescind and modify rules
Flurry of letters seeks to remove 'measures that stifle innovation.'
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US regulatory update: Crypto, climate, and the CFPB
Here's a summary of the most significant recent developments in US financial regulation.
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GRIP Extra: SEC updates marketing rule FAQs, Swiss fine for Lara Warner
Other news includes Chat GPT hallucinates murder, DOGE access to social security data blocked and Tornado Cash no longer sanctioned.
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GRIP Extra: Pro-labor US labor secretary in, Nasdaq shuts down high speed trading service
Other news includes a $1b Salesforce investment in Singapore, the EU removing four Russian from sanctions list due to Hungarian pressure, and French publishers suing Meta over AI models.
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Trump Organization sues Capital One for closing its accounts
The bank and credit card lender has to defend itself in a lawsuit from a company owned by President Trump while also seeking merger approval from US antitrust authorities.
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GRIP Extra: CFPB drops Zelle suit, Barclays suffers 3-day IT outage
Other news includes assistance from the SEC for filers using EDGAR, a probe into Nvidia shipments to Malaysia and another bank reviewing its approach to DEI.
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CFPB case against Capital One dismissed
The CFPB had accused the bank of keeping a higher-paying savings product from some legacy savings account holders.