The SEC revised and re-proposed a rulemaking to prohibit an asset-backed "securitization participant" from engaging in any transaction that would involve or result in material conflicts of interest.
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In response to an Advance Noticed of Proposed Rulemaking that would add "an extra layer of loss-absorbing capacity" in resolving certain large banking organizations, SIFMA said that it is both unnecessary and inappropriate to extend the enhanced resolution requirements to non global systemically important banking organizations whose primary operations are as retail broker-dealers.
The DOJ and eight State Attorneys General filed a civil action against Google alleging that the company engaged in a long-term scheme to monopolize the digital advertising market in violation of the Sherman Act.
The CFTC approved technical corrections to its swap dealer and major swap participant regulations.
An online credit management company agreed to pay $3,000,000 to settle FTC charges for misrepresentations made in marketing third-party financial products to consumers.