SEC Kickstarts U.S. MMF-Reform Action
As anticipated, the SEC is moving quickly to advance the MMF reforms demanded by the President’s Working Group on Financial Markets late last year. Leaving maximum latitude for the chairman once confirmed, the agency now seeks comments on the PWG’s options rather than on a specific proposal or proposals and gives commenters time (sixty days after Register publication).
Acting CFPB Head Targets QM, Mortgage Servicing, Disclosures as Top Reg Priorities
Following his blog post last week laying out supervisory, enforcement, and fair-lending priorities, CFPB Acting Director Uejio today detailed his regulatory and research priorities, making it still clearer that racial equity will guide a raft of new rules once a confirmed Bureau director is on the job.