Regulatory Developments

During the fourth quarter of 2019, new-home sales had the biggest gain in more than two years and the third consecutive quarterly increase. Read on for more details.

Thursday 27 February 2020 14:35 The European Securities and Markets Authority (ESMA) has published an update to its statement on practices governed by the Takeover Bid Directive (TBD), focused on shareholder cooperation issues relating to acting in concert and the appointment of board members. The update concerns a change to…

More than three years after its sales practices were cited in a state and federal enforcement action, Wells Fargo agreed to a settlement with the Department of Justice and the Securities and Exchange Commission which will result in a $3 billion fine, but no criminal charges. As part of the settlement, Wells Fargo admitted that … Read more

In response to a review under the Paperwork Reduction Act, the American Bankers Association shared its thoughts on aspects of the surveys used to collect data on small business lending as required by Section 1071 of the Dodd-Frank Act. The Consumer Financial Protection Bureau is working to gather information in preparation for promulgating rulemaking under … Read more