Capital goes where it is welcome, where it feels safe, and where it has a reasonable opportunity to earn a profit. To maintain and advance its global leadership in capital formation, the United States must have the most fair, efficient, and innovative capital markets in the world.
We can’t achieve this without a modern and coherent financial services regulatory system.
In many ways, the government is moving us further away from well-functioning, well-regulated capital markets by producing a maze of overlapping, contradictory, and duplicative financial regulations.
The U.S. Chamber is fighting for the kind of financial rulemaking that protects consumers and investors, encourages reasonable risk taking, doesn’t constrain innovation and growth or allow special interest groups to advance their agendas at the expense of all investors, and is coordinated with other economies and among the many domestic agencies that issue financial regulations.
The Chamber will defend America’s financial institutions and our capital markets from destructive attacks. We should be praising and perfecting our capital markets as a crown jewel of our economic system—not trying to tear them down.
What does Queen and banking have in common?
In a 9-0 decision in Henson v. Santander Consumer USA Inc., the U.S. Supreme Court held that a company may collect debts that it purchased for its own account without becoming a “debt collector” subject to liability under the Fair Debt Collection Practices Act (“FDCPA”).
Main Street depends on financial services to receive capital, expand, hire, and succeed.
Millions of Americans will lose access to investment advice and pay billions more in fees.
New data confirms the Department of Labor’s (DOL) fiduciary rule will cost savers.
This report is a compilation of survey statistics and other data that was submitted by various organizations in response to a DOL recent comment period, in response to the February 3, 2017 Presidential Executive Order, on the Fiduciary Rule.
The U.S. Supreme Court held that the filing of a proof of claim in a bankruptcy proceeding cannot be the basis for a claim under the Fair Debt Collection Practices Act (“FDCPA”).
Remember that moment during one of the 2016 presidential debates when the candidates engaged in a deep and provocative discussion about the laws and regulations that apply to public companies? For days, the country was swept up in matters of corporate governance.
This letter was sent to all members of the House Financial Services Committee in support of H.R. 10, the “Financial CHOICE Act of 2017.”
The U.S. Supreme Court held that the City of Miami may sue Bank of America and Wells Fargo under the Fair Housing Act (“FHA”) for foreclosures that allegedly caused blight and lost property tax revenue, but agreed with the banks that the lower courts applied the wrong causation standard, and vacated the Eleventh Circuit’s decision and remanded for further proceedings.
From shipping to staffing, the Chamber and its partners have the tools to save your business money and the solutions to help you run it more efficiently. Join the U.S. Chamber of Commerce today to start saving.
Above the Fold is your window on policy, with analysis, commentary and real stories about the intersection of government and business.
