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  • Federal Reserve Announces Wells Fargo Is No Longer Subject To The Asset Growth Restriction From The Board’s 2018 Enforcement Action Against The Bank

    Date 03/06/2025

    The Federal Reserve on Tuesday announced that Wells Fargo is no longer subject to the asset growth restriction from the Board's 2018 enforcement action against the bank. The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction.

  • CFTC Alerts Traders Domain Customers To July 28 Claim Deadline

    Date 03/06/2025

    The Commodity Futures Trading Commission’s Division of Enforcement today is alerting customers the Traders Domain claims process will end July 28. Customers who believe they may be victims in this alleged fraud scheme are urged to complete the claims process by this date to be eligible for any future judgment. The Division of Enforcement is also notifying customers that prior participation in the CFTC’s voluntary confidential customer survey or any other submission made to the CFTC does NOT qualify an individual as a claimant. An official claim must be filed. 

  • Testimony Before The United States Senate Appropriations Subcommittee On Financial Services And General Government, Paul S. Atkins, SEC Chairman, Washington D.C., June 3, 2025

    Date 03/06/2025

    Chairman Hagerty, Ranking Member Reed, and members of the Subcommittee. Thank you for inviting me to testify today.[1]

    I am grateful for the opportunity to discuss the Securities and Exchange Commission, including our important mission on behalf of our fellow citizens, investors, and taxpayers. I also appreciate the opportunity as well to speak to some of my priorities as Chairman.

  • Economic Outlook, Federal Reserve Governor Lisa D. Cook, At The Council On Foreign Relations, New York, New York

    Date 03/06/2025

    Thank you, Michael. I am honored to be back at the Council on Foreign Relations.

    I would like to congratulate you on becoming president of this august body. I have known Mike for some time. In fact, he helped me when I was a graduate student working on my dissertation on Eastern Europe at the University of California, Berkeley and visited the Treasury Department. I am grateful for your generosity during that time and over my career, Mike. I also want to thank the Council on Foreign Relations for awarding me a postdoctoral International Affairs Fellowship that allowed me to serve at the Treasury Department. This fellowship provided a transformational experience, and today, as a Federal Reserve Governor, I regularly draw on the significant lessons I learned during the 2000–01 period. I am glad to see this important program still going strong.

  • SIFMA Welcomes Senate Introduction Of E-delivery Legislation

    Date 03/06/2025

    SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation, the “Improving Disclosure for Investors Act of 2025 (S. 1877),” that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:

    “The time has come – and arguably is overdue – to implement electronic delivery as the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. Research shows a large majority of retail investors across demographics, regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Senator Thom Tillis, John Hickenlooper, Mike Rounds, Jeanne Shaheen, Ted Budd, Gary Peters, Katie Britt for their leadership in introducing this important legislation that builds on the progress of implementing an e-delivery framework suitable for the 21st century.”

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