Flood Gates Open on CFPB Bigtech Policy
The Federal Register today includes the CFPB’s notice regarding its bigtech orders, with comment now due December 6. The short comment deadline reflects the speed with which the Bureau is pursuing bigtech data; the October 21 orders require companies to submit data by December 15.
Markey, Merkley Bill Seeks End to Big Bank Brown Finance
Sens. Markey (D-MA) and Merkley (D-OR) have introduced legislation to force the FRB to mandate that banks with greater than $50 billion in assets and all nonbank SIFIs submit plans describing how they will cut their financing for fossil fuel emissions by fifty percent by 2030 and then do so completely by 2050.