Financial Institutions, Enforcement Actions, Administrative Appointments

Banking Committee sends nomination of Jonathan McKernan as CFPB Director to full Senate

Ballard Spahr LLP on 3/7/2025

The Senate Banking Committee on March 6 approved the nomination of Jonathan McKernan to be Director of the Consumer Financial Protection Bureau. ...more

NYDFS Creates "Powerhouse" Consumer Financial Protection Division

Jones Day on 5/9/2019

The New York Department of Financial Services makes good on a promise to fill the void left by the Consumer Financial Protection Bureau. On April 29, 2019, the New York Department of Financial Services ("DFS") announced...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/20/2018

“Pot is the new crypto,” declares Bloomberg, and if you’ve seen how the virtual currencies are faring these days, that should be a warning and not a selling point....more

Credit Union Files Reply Brief in SDNY Case Challenging Mulvaney’s Appointment

Ballard Spahr LLP on 1/8/2018

On December 29, 2017, the Lower East Side People’s Credit Union (“People’s”) filed a reply brief in support of its preliminary injunction motion in which it seeks to block the appointment of Mick Mulvaney as the Acting CFPB...more

Signs, Signs, Everywhere a Sign: Changes in Store for SEC Enforcement under the Trump Administration

Cadwalader, Wickersham & Taft LLP on 3/7/2017

Even before President Trump’s nomination of Jay Clayton as the next Chairman of the Securities and Exchange Commission (“SEC” or “Commission”), signs have been appearing that changes are afoot within the Division of...more

SEC Shake-Up: President-Elect Trump Expected to Make Key Appointments

Proskauer - The Capital Commitment on 11/16/2016

In the wake of the election of Donald Trump as the 45th President of the United States, Mary Jo White has announced her intent to step down from her role as Chair of the Securities and Exchange Commission. Chair White, the...more

SEC Commissioners Making a “Noisy Exit”

Carlton Fields on 10/2/2015

Securities and Exchange Commission members Daniel M. Gallagher and Luis A. Aguilar will soon leave the SEC, but neither is keeping quiet about the SEC’s treatment of chief compliance officers (CCOs). Gallagher recently...more

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