Tag Archives: UDAAP

Biden’s Competition EO Impacts Banks and the Financial Services Industry

On July 9, 2021, President Joe Biden issued an Executive Order (EO) “Promoting Competition in the American Economy.” The EO affirms that it is the administration’s policy “to enforce the antitrust laws to combat the excessive concentration of industry, the abuses of market power, and the harmful effects of monopoly and monopsony.” While certain portions … Continue Reading

Hensarling Chooses CHOICE; CFTC Moves Forward with Priorities as Nominees Pending Confirmation, Administration Outlines Approach to Correspondent Banking

Legislative Activity Hensarling Chooses to Move Forward with CHOICE Act Last Friday, September 9, House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced his intention to move forward with the Republican plan to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and formally introduced the Creating Hope and Opportunity for Investors, Consumers … Continue Reading
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