Photo: Spencer Platt (Getty Images)
This Earther report is being co-published with the
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The Biden administration has pledged to make the climate crisis a top-tier issue, authorizing a “whole of government” to take on climate change. That would mean the responsibility to legislate environmental action wouldn’t be left up only to the Environmental Protection Agency and the Department of Energy, but would extend to all agencies, including financial regulators.
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Already, over the past few weeks, Biden’s Security and Exchange Commission (SEC) announced that it will update its guidelines on how climate risks should be disclosed to investors, and launched a task force to focus on climate-related compliance and misconduct. The SEC has also refused to help ExxonMobil block a shareholder vote on a climate-change resolution. (Although the commission did just let the company reject a shareholder proposal to force the operation to disclose what it plans to do with its
B.A., M.S., University of Connecticut
Ed oversees U.S. PIRG’s federal consumer program, helping to lead national efforts to improve consumer credit reporting laws, identity theft protections, product safety regulations and more. Ed is co-founder and continuing leader of the coalition, Americans For Financial Reform, which fought for the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, including as its centerpiece the Consumer Financial Protection Bureau. He was awarded the Consumer Federation of America s Esther Peterson Consumer Service Award in 2006, Privacy International s Brandeis Award in 2003, and numerous annual Top Lobbyist awards from The Hill and other outlets. Ed lives in Virginia, and on weekends he enjoys biking with friends on the many local bicycle trails.
Alaska Journal | Erotica, pot firms join oil patch to keep fair access bank rule alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.
Weekly Fintech Focus
The OCC postponed publication of the Fair Access to Financial Services rule.
The Acting Director of the CFPB is putting a renewed emphasis on issues of racial equity with a push to enforce fair lending violations.
The new administration will take a fresh look at the recently finalized FHA disparate impact rule.
The Federal Reserve announced that its FedNow RTP service will be launched sooner than expected.
UK Set to Move Forward on BNPL Regulation
The United Kingdom Financial Conduct Authority (FCA) recently issued a report on the market conditions for buy-now pay-later (BNPL) unsecured lending. The report recommends urgent changes to the regulatory framework for BNPL products as those services are currently unregulated in the UK and have relied on exemptions within current law. The report documents the rapid growth of consumers using BNPL products, which was accelerated by the pandemic, but noted that while BNPL adoption has grown, it also has led to many