Who voted for as a priority for review? And why?

FDIC Chair McWilliams' comments focused to a significant degree on assisting banks in providing services to the poor and overextended, those who live "paycheck to paycheck" and who sometimes "need immediate access to cash to cover an unexpected cost before the next paycheck." The business of lending money to those who urgently need small amounts for short periods was disparagingly referred to as "payday lending." Under the CFPB's prior administration the CFPB adopted rules that would…

As previously , the NYDFS rules are open-ended, complex and burdensome and will result in creating many new ways for the government to collect fines when something goes wrong.

The delay was motivated, at least in part, by concerns as to the substantive requirements of the regulations. Accordingly, FINRA should be receptive to comments on the substantive requirements.

If the world operated in some logical fashion (and if horses had wings), TBA margin rules should be put on hold so that their adoption and implementation could be coordinated with the security-based-swap margin rules given the similarities of the issues (i.e., margin on both TBAs…