December 12, 2024

CFPB’s New Rule on Overdraft Fees Will Dramatically Reduce Overdraft Charges, Saving Consumers Billions of Dollars Per Year

WASHINGTON, D.C.— Brady Williams, Legal Counsel, issued the following statement on the Consumer Financial Protection Bureau’s (CFPB’s) finalization of its long-awaited overdraft fees rule: “Today, the CFPB championed the cause of consumers by…

December 12, 2024

Biased Fifth Circuit Court Rules Against SEC, Disclosure, Free Markets, And Diversity

WASHINGTON, D.C. —   Stephen Hall, Legal Director and Securities Specialist, issued the following statement in connection with the decision from the entire Fifth Circuit nullifying the SEC’s approval of NASDAQ’s board diversity…

December 11, 2024

Basel Identifies Material Weaknesses in Megabanks Counterparty Credit Risk Management, but Leaves an Inadequate Regulatory Framework Untouched

WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with the Basel Committee on Banking Supervision’s (Committee) final guidelines for counterparty credit risk management. “We commend…

December 10, 2024

Fed Fails to Address Discount Window Problems that Could Lead to the Next Financial Crash

WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with Better Markets’ comment letter to the Federal Reserve’s request for information (RFI) regarding operational aspects of…

December 06, 2024

Around-the-Clock Trading Would Turn Securities Exchanges into Casinos

WASHINGTON, D.C.—Director of Securities Policy Benjamin Schiffrin issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to a proposal…

December 06, 2024

SEC Must Not Compound Its Mistake Approving Spot Ether ETPs By Allowing Options Endangering Retail Investors

WASHINGTON, D.C.—Director of Securities Policy Benjamin Schiffrin issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission (SEC) in response to proposed rule…

December 04, 2024

Trump’s Nominee for SEC Chair Is a Deregulation Zealot and Industry Cheerleader Who Will Unleash a Deregulation Tsunami that Will Harm Investors, Markets and Financial Stability

WASHINGTON, D.C.—Dennis Kelleher, President, CEO and Co-founder of Better Markets, released the following statement in response to President-elect Trump’s announcement of Paul Atkins as his choice to lead the Securities and Exchange…

December 03, 2024

Major Retailers Deliver Goods Within Hours; Banks Must Reduce Delays in Delivering Funds

WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with Better Markets’ comment letter to the Consumer Financial Protection Bureau (CFPB) supporting a petition for…

November 27, 2024

SEC’s Approval of 24-Hour Trading is a Big Mistake That Will Harm Retail Investors and Damage Markets

WASHINGTON, D.C.—Director of Securities Policy Benjamin Schiffrin issued the following statement in connection with the approval by the Securities and Exchange Commission (SEC) of an application filed by 24X National Exchange LLC…