News bites: Regulators set to unveil new rules for largest banks


The new rule, drafted by the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC), will apply to Goldman Sachs, Citigroup, Bank of America, JPMorgan Chase, Wells Fargo, Morgan Stanley, Bank of New York Mellon and State Street Bank.

An alliance of activist groups and regulators is behind the push for new regulations to end laboratory research on chimpanzees, The New York Times reports.

Services giving trading firms an advance look at “market-moving” data and news are coming under the scrutiny of regulators, the according to the Times.

The latest from RegWatch:

The Department of Justice (DOJ) and the National Labor Relations Board struck an agreement to aid immigrants who have been discriminated against.

Pepsi products outside of California tested positive for a chemical linked to cancer, a year after the company said it was changing its recipe.

Public interest groups warned that trade talks begun Monday between the United States and the European Union could lead to reckless deregulation.

The U.S. Department of Agriculture (USDA) moved to add Greek yogurt to the school lunches.

The Federal Communications Commission issued guidance emphasizing the need to check a person’s income level before issuing subsidized “Obama phones.”

The National Oceanic and Atmospheric Administration tightened labeling rules for dolphin-safe tuna.

Send all of your comments, complaints and regulatory news tips to RegWatch via bgoad@thehill.com or jhattem@thehill.com.

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