Bureau officials who voluntarily resigned recently include Mark McArdle, assistant director of mortgage markets, and Gabriel O’Malley, deputy enforcement director for policy and strategy.
The October 2023 final rule provided several major updates to the Community Reinvestment Act, but the rule’s implementation has been stalled due to a lawsuit by trade groups representing banks.
California’s new climate-disclosure reporting requirements are set to take effect next year and will change reporting standards for covered entities. The MBA is seeking some changes to the standards.
The Supreme Court is considering whether a federal court can certify a class action when some of the class members are uninjured. MBA said the question is timely as class actions from private plaintiffs are expected to increase.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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