Golden Apple

June 17, 2016

House Panel Approves 12 Bills — The House Financial Services Committee marked up and passed 12 measures intended to boost economic growth and block terror activity yesterday. Of particular interest are: R. 4852, Rep. Scott Garrett’s Private Placement Improvement Act, which would exempt private funds from...

Read More

June 10, 2016

It’s just a job. Grass grows, birds fly, waves pound the sand. I beat people up. - Muhammad Ali, 1942-2016 We all have our missions in life, and everybody did a lot of whatever it is they do this week. Except for Muhammad Ali, sadly, and...

Read More

May 27, 2016

Happy getaway day — Washington feels it’s earned this three-day weekend. A lot of people will be gone all of next week, as both the House and the Senate are in recess, and some schools have already let their students out for the year. So this...

Read More

May 20, 2016

CFPB Schedules Field Hearing on Small-Dollar Loans — The Consumer Financial Protection Bureau will hold a field hearing in Kansas City, MO on Thursday, June 2 to hear testimony from consumer groups, industry representatives and members of the public about small-dollar lending. The hearing will take...

Read More

May 13, 2016

THE GOLDEN APPLE: Your report on the week’s discord from The Eris Group May 13, 2016 Treasury Calls for Oversight, Transparency in Marketplace Lending — As expected, the U.S Treasury Department released a white paper Tuesday that identifies trends and risks in online marketplace lending, and calls for...

Read More

May 6, 2016

Expectations of a quiet week were disappointed, to put it mildly. Let’s get to it: CFPB Proposed Ban on Mandatory Arbitration Clauses — At a Consumer Financial Protection Bureau field hearing in Albuquerque yesterday, Director Richard Cordray announced a proposal to “ban consumer financial companies from using...

Read More

April 29, 2016

This product is a compromise, and the nature of a compromise is that you don’t get everything you want- U.S. Senator Conrad Burns, 1935-2016   There At the Beginning — We’re personally grieved by the death of three-term former U.S. Senator Conrad Burns (R-MT) yesterday. Among other things,...

Read More

April 22, 2016

Now I understand. I have 2 go now. I don’t know when I’ll return. Goodbye. -Prince Rogers Nelson, 1958-2016   Let’s Go Crazy — We couldn’t go more than a week without the death of a major cultural icon. If nobody’s busy this weekend, we’d appreciate wellness checks on Bob Dylan, Bruce...

Read More

April 15, 2016

File Your Taxes Without Getting Phished — The Senate Finance Committee held a timely hearing Tuesday on the IRS’s efforts to protect taxpayers’ personal information against cyberattacks. IRS Commissioner John Koskinen said that the agency’s summit group with leaders of the electronic tax industry, software industry,...

Read More

April 8, 2016

“By the time you get close to the answers, it’s nearly all over." - Merle Haggard, 1937-2016 DOL Announces Final Fiduciary Rule — As anticipated, Secretary of Labor Thomas E. Perez announced the Department’s final Conflicts of Interest rule on Wednesday. “I am confident that the industry...

Read More