Advocacy Updates

Fed Cuts Rate but Cracks Begin to Show

The Federal Reserve cut interest rates for a second time after its September meeting, but more committee members are opposing policy decisions.

House Finance Chair Releases Fall Priorities

Rep. Maxine Waters announced an overview of the committee’s agenda, which includes hearings on the state of minority depository institutions, stock buybacks, and innovations in loan instruments.

SEC Commissioner Will Stay on Until Agency Finds Replacement

Commissioner Robert Jackson, whose term expired in June, said in a recent statement that he will stay on at the agency rather than return to teaching.

Regulators Begin Volcker Rule Overhaul

The OCC and the FDIC approved an interagency overhaul of the law that governs the relationships banks can have with private equity firms.

No Summer Break for Labor Department

The DOL delivered a new rule to the White House, lawmakers proposed new regulations for franchisers, and leadership shakeups risk stalling new regulations.