Dear Chairman Brown, Ranking Member Toomey, Chairwoman Waters and Ranking Member McHenry,
On behalf of the undersigned organizations representing millions of consumers, we write to express our opposition toward legislative and Federal Reserve efforts that expand the Durbin Amendment routing mandate, both of which would limit competition and choice in the debit and credit card marketplace. Retail trade associations have consistently lobbied for greater intervention from the Federal Reserve, including forcing market participants to allow competitors to free ride on their innovative technology, a clear and uncompensated governmental taking, given the misleading title of “interoperability.” Additionally, the harm demonstrated from the Durbin Amendment is shown in the Federal Reserve’s own data [1], and we oppose further attempts to expand the Durbin Amendment to credit cards.
References in this Quarterly Report on Form 10-Q to
the Company, our, us or we refer to Starboard Value Acquisition Corp.
The following discussion and analysis of the Company s financial condition. | May 26, 2021
US President Joseph Biden issued the
Executive Order on Climate-Related Financial Risk on May 20, 2021, directing federal agencies across the US government to take action addressing climate-related financial risk.
The executive order requires, among other things:
The development of a government-wide strategy to address climate-related risk related to US government operations and financing needs to achieve net-zero emissions by 2050
A report addressing climate-related risk and disclosures in the US financial system
An assessment of climate-related risk in the US insurance system
An assessment of climate-related risk to retirement plans, including an assessment of Trump-era regulations on the consideration of environmental factors in retirement plan investments
Huntington, TCF Announce Receipt Of All Required Regulatory Approvals For Pending Merger
Announce buyer in pending divestiture of 14 TCF branches
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COLUMBUS, Ohio and DETROIT, May 25, 2021 /PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN; Huntington ) and TCF Financial Corporation (Nasdaq: TCF; TCF ) jointly announced that the Board of Governors of the Federal Reserve System (the Federal Reserve Board ) and the Office of the Comptroller of the Currency, with input from the United States Department of Justice s Antitrust Division (the DOJ ), have approved the proposed merger of Huntington and TCF and of The Huntington National Bank and TCF National Bank.