European commissioner doesn't want to burden smaller lenders "with the same requirements we need for bigger, riskier ones.”
The new rules would apply to short-term credit products that require consumers to pay back the loan in full within 45 days, such as payday loans.
The proposed change would enhance regulatory oversight of active proprietary trading firms, such as high-frequency traders.
The move could lead more companies to take advantage of the little-used Regulation A for small public offerings.
The companies estimate $1.5 billion in annual cost savings by the end of 2017.
BNP Paribas, HSBC, and Royal Bank of Scotland are told to resubmit their plans by the end of the year.
Two attorneys counsel borrowers on how to break an impasse in loan covenant negotiations.
The SEC has been granting disqualification waivers “automatically — and disproportionately for large financial firms,” says Rep. Maxine Waters.
Scott Fearon, author of "Dead Companies Walking," offers a plethora of wisdom for finance executives.
Some targets have spent tens of millions just to notify customers and provide identity-theft monitoring.