Bessent Shifts Financial Stability Panel Focus to Growth, Steers Away From Woke Regulation
US Treasury Secretary Scott Bescent on Thursday showed a change in financial surveillance priorities, urging the Financial Stability Monitoring Council (FSOC) to streamline oversight oversight and focus on promoting economic growth rather than politically advocated regulations. The meeting was held at an executive session at the Treasury Department, marking Bescent's latest move to restructure financial […]
Reeves to outline plan to cut regulation costs and boost growth | Regulators
Rachel Reeves will meet with UK regulators on Monday after calling for more action to limit the red tape and promote economic growth. The prime minister argued that the government's plans will reduce costly delays and conflicts and save billions, and said regulators must embrace a more streamlined decision-making process. Reeves is expected to use […]
Bank regulation agency CFPB won’t die — despite Trump’s best efforts
After the nuclear disaster, it is said that mice and cockroaches are the only survivors. And perhaps the Consumer Financial Protection Bureau. The agency, known in the banking world for its DC and its acronyms, was created by Sen. Elizabeth Warren and former President Barack Obama as consumer protection regulators in the aftermath of the […]
House Votes To Repeal Biden Regulation Interfering With America’s Energy Comeback
The House voted Tuesday afternoon in a 221-205 vote to abolish Biden administration regulations that impose taxes on methane emissions for natural gas operators. Beware democrats: overregulation destroys businesses Rep. August Pfluger: “People don't want to do business when you go out of business… I think the goal Biden said was to cancel fossil fuels […]
JD Vance warns that ‘massive’ European regulation may kill AI
Vice President Vance said Tuesday that “large” restrictions on artificial intelligence could choke down technology, and rejected content moderation as “authoritarian censorship.” Another indication of divergence towards AI governance is that the US and the UK will not register in the final statement of the French-covered AI Summit, which stated that AI should be comprehensive, […]
Capitol Hill Hearing Spotlights a Push for ‘Rational’ Community Banking Regulation – PYMNTS.com
Beware of the risks of regulatory “overreach” and the all-purpose approach to community banking oversight, several industry participants testified at a hearing on Wednesday (February 5). The 119th Parliament has begun and The latest iteration of the House Committee on Financial Services has been seated,, Chairman's hearing R-Ark. French MP Hill was entitled “Make Community […]
Trump slams Fed over ‘terrible’ job on bank regulation, failing to stop inflation
President Trump said on Wednesday that the federal preparation system “did not stop the problem created by inflation,” and said that he did a terrible job with bank regulations. Post to the true social。 His RE responsibilities were performed a few hours later after the Fed had a stable and stable interest rate and could […]
UK can be ‘AI sweet spot’: Starmer’s tech minister on regulation, Musk, and free speech | Artificial intelligence (AI)
With the NHS still struggling, the prison crisis still reeling and Britain's borrowing costs soaring, Keir Starmer's government has few easy jobs at the moment. But even in these difficult times, the task of persuading Silicon Valley's cream of the crop to make Britain a leader in the artificial intelligence (AI) revolution has left the […]
City regulator vows to ease ‘burden’ on UK banks amid government pressure | Prudential Regulation Authority (PRA)
The Bank of England will reduce the 'reporting burden' on UK banks and allow insurers to make risky investments without initial approval, following government pressure to ease regulations introduced after the financial crisis. It's a plan. Sam Woods, deputy governor of the Prudential Regulation Authority (PRA), said the central bank had withdrawn rules it believed […]
Why rent regulation remains so hard to undo in NYC
Few would argue that New York City is in the midst of a housing crisis defined by high prices and low availability. There is ample evidence for that conclusion. latest federal government New York City housing and vacancy research reported a vacancy rate of just 1.4%, “in stark contrast to the 2021 vacancy rate of […]