CFPB Needs to Begin Rulemaking on Data-Gathering for Credit Applications

By Pamela J. Bethel This is the third blog post in our series about new federal regulatory initiatives in the first half of 2014. Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, one of the lesser-known sections of that broad and extensive statute, requires financial institutions to report information concerning credit […]

SEC Set to Create New Rules on ‘Crowdfunding’

This is the second blog post in our series about new federal regulatory initiatives in the first half of 2014. The U S. Securities and Exchange Commission has issued a notice of proposed rulemaking that will help implement a new law that permits “crowdfunding” on a limited basis for the sale of securities. Under Title […]

A New Way of Looking at Small-Business Percentages Under Federal Program

Previously, we wrote about changes in the federal contracting small business set-aside program under the National Defense Authorization Act of 2013. These changes, which are still being placed in final form by the Small Business Administration, affect the percentage of work under a contract that a small business must perform itself rather than subcontract out. […]

Agencies Set to Plan Regulatory Changes in 2014

Corporate Counsel magazine recently reported  that 24 federal agencies and departments have released their regulatory “to-do lists” for the first half of 2014. For example, the magazine reports, the Consumer Financial Protection Bureau is planning to begin working on Dodd–Frank reporting rules for financial institutions that receive credit applications from female- or minority-owned businesses. All […]