Investment banks would love to be rid of the Volcker rule and their bank holding company status (which Dodd-Frank's 'Hotel California' provision prevents). They would also like lower capital requirements and to shed Fed supervision. (Apr 6)
It's possible the Department of Labor wanted to send a serious and conservative message at this stage, but will remain open to further delay of the rule in its entirety. As of now, the DOL has established a timeline in the final rule granting the delay. (Apr 5)
The clock began running out this week on a strategy that has provided U.S. Republicans in Congress with their only notable legislative successes this year: aggressive use of an obscure U.S. law known as the Congressional Review Act. (Apr 5)
They recognize the need for strong passwords and know that public wi-fi hotspots may not be safe for online banking or e-commerce; but U.S. adults are not as good at recognizing email "phishing" schemes or determining if the web site where they're entering credit card information is encrypted.
(Apr 5) -- A federal appeals court refused to temporarily block the Department of Labor's fiduciary rule pending appeal. The U.S. Court of Appeals for the Fifth Circuit in New Orleans denied the U.S. Chamber of Commerce's request for an emergency injunction blocking the Obama-era retirement advice rule. Every judge to have considered the fiduciary rule has upheld it in its entirety. The DOL recently changed the rule's applicability date from Apr 10 to Jun 9. The court's brief decision included no legal reasoning.