SEC-PR-2412-189-212 SEC Press Releases for December 2024 (SEC-PR-2024-212) (Dec. 20, 2024) Title: “Tai Mo Shan to Pay $123 Million for Negligently Misleading Investors About Stability of Terra USD” Categories: (Unregistered Securities) (Crypto Assets) Source: (https://www.sec.gov/newsroom/press-releases/2024-212) (SEC-PR-2024-211) (Dec. 20, 2024) Title: “SEC Adopts Rule Amendments to the Broker-Dealer Customer Protection Rule” Categories: (Agency Rulemaking) (Consumer Protections) […]
Category: ( Agency Rulemaking )
Agency Rulemaking is the process through which federal agencies develop, amend, or repeal regulations that govern various aspects of public policy. This process typically begins with an agency identifying priority issues within its legal jurisdiction, often based on public needs or legislative mandates. Agencies then draft proposed rules, which are published for public comment, allowing stakeholders to provide feedback. After reviewing these comments, the agency may revise the proposed rule before finalizing it. This structured approach ensures that regulations are created transparently and reflect the interests of the public while fulfilling the agency’s mission to enforce laws effectively. Overall, agency rulemaking is a crucial mechanism for implementing and enforcing federal laws, ensuring that they adapt to changing circumstances and societal needs.
CFPB-PR-241203-1 (12-03-24) CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies – Rule seeks to protect Americans from crime and illegal foreign surveillance Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and […]
CFPB-PR-241121-1 (11-21-24) CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” – Final rule brings supervision to Big Tech and other widely used digital payment apps handling over 50 million transactions annually Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized […]
( Agency Rulemaking – Article ) ( Articles ) Agency Rulemaking (AR) Agency Rulemaking is a crucial process in the administrative law framework, involving governmental agencies creating regulations to implement and enforce laws enacted by legislative bodies. This process ensures that agencies can effectively operate within their designated authority while adhering to legal standards and public input. Understanding […]