The agency had weighed regulations requiring companies to disclose certain campaign spending.
The $100 million settlement agreed to by oil services giant Weatherford International for violating sanctions on Iran, Sudan and Cuba is the largest ever outside of the banking industry, according to the Treasury Department.
The CFPB action responds to thousands of consumer complaints.
The colorful regulator linked his departure from the agency to the commission's completion of a key proposed rule required by the Dodd-Frank Act.
Campaign finance reform advocates on Tuesday applauded the Obama administration for considering a regulatory proposal that would require corporations to disclose their political giving.
The Securities and Exchange Commission (SEC) announced late last year that it would take up a petition that asks the agency to craft a rule forcing publicly traded companies to list their political contributions on annual statements to shareholders.
A notice of proposed rulemaking from the SEC is expected by April. While the outcome is far from certain, proponents say the proposal’s inclusion on the agency’s regulatory agenda is a watershed moment in the fight to reveal corporate campaign spending.
“It really can’t be overstated, in terms of what this means for the disclosure movement,” Rep. John Sarbanes (D-Md.) said on a conference call held by the Corporate Reform Coalition. “Our people are really outraged right now with the dominance, the influence this spending is having on our politics.”
Richard Trumka said the Obama administration could be more "aggressive" in pushing a disclosure rule on CEO pay.
Several business groups filed appeals Monday to a court ruling that allowed the National Labor Relations Board (NLRB) to require union posters in the workplace.
The Coalition for a Democratic Workplace, The National Federation of Independent Business (NFIB) and the National Association of Manufacturers (NAM) filed notices of appeal against a judge’s decision Friday that said the NLRB had the legal authority to require employers to post notices at their worksites explaining collective bargaining rights.
A coalition of business groups is telling regulators to tread lightly when it comes to a regulation that requires companies to publicly compare the pay of their top executives with an average employee.
In a letter sent to the Securities and Exchange Commission (SEC) on Thursday, the group told the regulator that the provision required by the Dodd-Frank financial reform law is an "unnecessary regulatory expenditure."
"It is unclear how the pay ratio disclosure will be material for the reasonable investor," the 23 groups wrote.
The White House named a new stimulus overseer on Friday — Kathleen Tighe, the inspector general for the Education Department.
Vice President Biden announced that Tighe will take over as head of the Recovery Accountability and Transparency Board (RATB), which keeps tabs on how money from the 2009 economic stimulus is spent.
She is replacing Earl Devaney, who is set to retire at the end of the month after 41 years of work in the federal government.
Biden said he is "confident" that Tighe will "continue to hold the board to the high standards set by Earl as the recovery act’s top watchdog.”
For-profit college leaders criticized a congressional investigation looking into compensation of their chief executives.
Brian Moran, interim chief executive officer and president of the Association of Private Sector Colleges and Universities (APSCU), called the investigation by Rep. Elijah Cummings (D-Md.), ranking member of the House Committee on Oversight and Government Reform, "just more politics" that doesn't acknowledge the role of the private sector schools.
“This appears to be just more politics and unfortunately fails to acknowledge the important role private sector colleges and universities have in educating non-traditional students to compete for jobs in a very difficult economic environment," Moran said in a statement sent to The Hill.