Tag:Trump Administration
Uh Oh Venmo…The CFPB is Cracking Down under the Biden Administration
Chandler Wright Associate Editor Loyola University Chicago School of Law, JD 2022 “Can I Venmo you?” is a phrase that many of us find ourselves saying on a weekly basis. Venmo has become not just a money-transfer application, but also a verb. In some ways, Venmo has also become a social media platform among friend …
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This Tweet Has Been Removed: The basics of what’s going on in the war between Trump and Twitter
Twitter made the news once again yesterday after removing a tweet by Dr. Scott Atlas, one of President Trump’s main White House Coronavirus advisors. The tweet, which questioned the effectiveness of wearing masks in combatting the virus, was said to have violated a policy on misleading information relating to COVID-19.
This comes just days after Twitter was criticized for “limiting sharing” of a New York Post article because it exposed private information (read: personal email addresses) and contained material obtained through hacking.
Allegations that big tech companies are guilty of “censoring” information on their social media platforms are far from new. A Pew Research Center survey conducted in 2018 revealed that 72% of the public thought that social media platforms actively censored political views. Results from this year’s version of the same survey found roughly the same results.
Even the President has waged a war against Twitter. His criticisms of Twitter for “silencing conservative viewpoints” escalated to threats of “shutdowns” or at least heavy regulation in response to the site adding a fact-check warning to tweets that claimed that “mail-in ballots are fraudulent” without any evidence. Not long after, Trump signed an executive order attempting to punish social media companies.
Democrats in Washington Push For Stronger Banking Regulations
The Biden Administration acted strongly last month in response to the recent collapses of Silicon Valley Bank (SVB) and Signature Bank. Each collapse sent shockwaves through the U.S. banking system and shook the confidence of consumers nationwide. The Biden Administration showed swift and steady leadership in urgently addressing the crisis. The President and leading Democrats in Congress continue to push for stronger regulatory oversight with respect to the banks. This shows that the Democrats are on the right side of the banking issue, as they have been for the 16 years following the 2008 financial crisis.
How To Keep Your Government Accountable
On October 26, 2017, the United States government released files relating to the assassination of President John F. Kennedy and the investigation that followed. The majority of the documents generated by the investigation – about 88% of all FBI, CIA, and other agencies’ files – have been available for years, but the rest of the documents were due to be released this year. On the recommendation of the investigatory agencies, President Trump decided to keep some of this remaining information redacted due to “national security, law enforcement, and foreign affairs concerns.” Speculation as to the contents of these documents and the reasons for redacting secure information have renewed a continuing discussion about what information the public should be privy to and how this information can be accessed.
Death and Taxes
As the president and the Republican Party inch closer to finalizing their proposed tax overhaul, one major proposed change is the repeal of the estate tax. The estate tax is a tax on an individual’s right to transfer property upon his or her death, usually to the individual’s surviving relatives or heirs. Currently, estates are taxed at a rate of 40% after the first 5.5 million. While the tax itself only impacts the wealthiest 0.2% of Americans, the inclusion or repeal of the tax in the Republican tax bill will affect Americans of all income brackets.
Trump Administration and American Companies Challenge Chinese Regulation Regarding Intellectual Property
Chinese foreign investment policies have long favored investments that bring the country technological advances from foreign companies. In recent years, China has increasingly developed policies which force foreign companies to share their intellectual property with China and to allow Chinese companies to conduct business with the foreign country China has backed off their previous requirements to transfer such information in an attempt to meet the requirements of the World Trade Organization (“WTO”) since joining the organization in September of 2001. Evidenced by President Donald Trump recently signing a directive to initiate an investigation into Chinese trade practices regarding the attainment of intellectual property from foreign companies, many companies and trade organizations believe that China is not adequately protecting intellectual property rights of foreign companies.
Deregulation of Uranium Mining or: How I Learned to Stop Regulating and Love the Bomb
Compliance professionals all over the country are paying close attention to the Trump administration’s deregulatory campaign. While deregulation in finance has received the most media attention, the uranium mining industry has been a quiet beneficiary of the President’s new regulatory scheme.
Donald Trump and What It Means for Regulatory Compliance
Mac Matarieh Associate Editor Loyola University Chicago School of Law, JD 2018 Inside of President-Elect Donald Trump’s 100 Day Action Plan is a requirement that for every new federal regulation, two existing regulations would be eliminated. Mr. Trump has consistently pushed the narrative of an outright repeal of the Affordable Care Act. Further, Mr. …
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Regulatory Freeze for Review of Pending Rules
Ryan Meade Editor-in-Chief Director of Regulatory Compliance Studies at Loyola University Chicago School of Law As has been the case for every new Administration since 1981, the President has issued a freeze of final regulations that have not gone into effect. The instruction usually comes through the Chief of Staff and is referred to …
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Anticipating the Direction of SEC Compliance Issues Under President Trump’s Nominee for Chairman of the SEC, Jay Clayton.
Ed Tyrrell Associate Editor Loyola University Chicago School of Law, J.D. 2018 President Donald J. Trump wasted no time in nominating Jay Clayton, Partner at Sullivan Cromwell, as his pick for the chairman of the SEC. Clayton, a veteran Wall Street attorney, is renowned for his expertise in public and private mergers, acquisitions transactions, …
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