• New Treasury report lambastes CFPB, calls for reforming its powers [Thaya Brook Knight, Alex Spanko/Reverse Mortgage Daily, text of report]
• Very likely headed for Supreme Court: “En banc D.C. Circuit splits over constitutionality of SEC administrative law judges” [Jonathan Adler, Thaya Brook Knight] “One Loss before ALJ Doesn’t Unmake SEC’s Home-Court Advantage” [Stephen Bainbridge, WLF] Earlier here;
• “The case for pruning the shareholder proposal regime” [Stephen Bainbridge]
• Amid feds’ push to cut banking access for cannabis business, PNC Bank closes long-term accounts of advocacy group Marijuana Policy Project [Washington Post]
• “House member launches fintech lending investigation” [Ballard Spahr]
• Overregulation of small banks and credit unions: “Financial Reform Both Parties Can Agree On” [Mark Rambler, Bloomberg]

Filed under: banks, CFPB, corporate governance, illegal drugs, Securities and Exchange Commission