Reuters (August 8)
“President Donald Trump is instructing agencies to scrap ‘reputation risk or equivalent concepts’ from the customer assessment equation.” Banks will like the reduction in paperwork, but this move will “make it harder to spot fraud.” Trump has already “rolled back enforcement of all sorts of financial misdeeds. Further clearing the way for more of them is a far bigger threat than the fanciful idea that profit-seeking banks turn away good business on purely ideological grounds.”
Tags: Agencies, Banks, Customer assessment, Enforcement, Financial misdeeds, Fraud, Ideological, Paperwork, Profit, Reputation risk, Threat, Trump
American Banker (February 24)
“Banks have been encouraged by the Trump administration’s promises to reduce their regulatory burdens, but the simultaneous efforts to reduce the federal workforce — including among independent bank regulators — could have unforeseen consequences in supervision and enforcement.” Experts say, this could lead to weaker crisis response.
Tags: Bank regulators, Banks, Crisis response, Encouraged, Enforcement, Experts, Federal workforce, Independent, Promises, Regulatory burdens, Supervision, Trump administration, Unforeseen consequences
Los Angeles Times (October 21)
“As more communities across California require proof of vaccination at many retailers and other public venues, the battle over enforcement of the new rules is just beginning to heat up.” Though “many businesses have welcomed these sorts of rules,” others resent the additional burden enforcement places on them in terms of time and staffing requirements, as well as the potential for conflict.
Tags: Burden, California, Communities, Enforcement, Proof, Public venues, Retailers, Rules, Staffing, Time, Vaccination
New York Times (September 28)
“Strict enforcement should start with the president, to show that no American is above the law.” In 2010, Donald Trump “claimed a tax refund of $72.9 million,” which sparked an ongoing investigation. “The government must move urgently to resolve this question…. Americans deserve to know that the president has paid his taxes, too.”
Tags: Enforcement, Government, Investigation, Law, Strict, Tax refund, Trump, U.S., Urgent
LA Times (May 28)
“Trump hasn’t been a victim of bias” as he made out while trying “to take a big, dumb bite out of the Twitter hand that feeds him.” In fact, “he’s been the prime beneficiary of the platforms’ lax and inconsistent enforcement of their terms of service. It’s richly ironic that the president would want to remove liability protections for the platforms that broadcast the damaging rumors and wild conspiracy theories he spreads about his rivals.”
Tags: Beneficiary, Bias, Conspiracy theories, Damaging, Dumb, Enforcement, Inconsistent, Ironic, Lax, Liability, Rivals, Rumors, Trump, Twitter, Victim
Wall Street Journal (October 30)
“Recent cases show that foreign companies need to be more cognizant of Chinese laws and the nuances of the country’s political system.” Two weeks ago, China detained 18 employees from Crown Resorts Ltd., but authorities “have declined to give details, and no charges have been made public.” More aggressive enforcement has some business consultants “advising foreign executives to steer clear of mainland China for now.”
Tags: Aggressive, Authorities, Charges, China, Crown Resorts, Detained, Enforcement, Executives, Laws, Political system
