Updates | The Week of October 16
White House economic adviser Gary Cohn said that Congress was nearing a deal to ease Dodd-Frank banking rules by the end of 2017 (The Hill).
Congress has until November 13 to pass a disapproval resolution under the Congressional Review Act to override the CFPB arbitration rule (Consumer Finance Monitor).
- Additionally, finance industry groups have filed a lawsuit to overturn the final arbitration rule (Consumer Finance Monitor).
Randal Quarles has been confirmed as a Federal Reserve Governor, but he is only filling a stub term of three months, rendering him an immediate lame duck, writes Peter Conti-Brown at Notice & Comment.
President Trump has reportedly narrowed his search for Federal Reserve chairman to five candidates (WSJ).
The Court should not reward the SEC for flouting administrative due process, writes Ilya Shapiro for the Harvard Law Review Blog, commenting on Digital Realty Trust v. Somers.
The Treasury Department is considering whether to recommend eliminating rules under Dodd-Frank related to liquidating failing banks (NYT).