Category «Financial System»

Statute that created CFPB documents succession plan in absence of director

The Intercept – “As soon as Richard Cordray, the current director of the Consumer Financial Protection Bureau, officially resigns — which could happen as soon as this week — we are told President Donald Trump will choose Mick Mulvaney, the current director of the Office of Management and Budget, to run the CFPB on a …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

Trends in Technology and Digital Security

“Foreword – On September 14, 2017, the George Washington University Center for Cyber & Homeland Security (CCHS) convened a Symposium on Trends in Technology and Digital Security. Four panels addressed emerging threats and their implications for security policy, with a focus on digital infrastructure protection and anticipatory analysis. In addition, a featured speaker from abroad …

Subjects: AI, Cybercrime, Cybersecurity, Defense, Financial System, Knowledge Management

Offshore Leaks Database – ICIJ Releases Paradise Papers Data From Appleby

“The International Consortium of Investigative Journalists published new data in the Offshore Leaks Database on close to 25,000 entities connected to the Paradise Papers investigation. The new records come from the offshore law firm Appleby and cover a period of more than six decades through to 2014 of entities registered in more than 30 offshore …

Subjects: Economy, Financial System, Freedom of Information, Government Documents, Legal Research

House or Senate Tax Bills Would Still Add to Debt

JCX-58-17 (November 16, 2017) – Distribution Effects Of The Chairman’s Modification To The Chairman’s Mark Of The “Tax Cuts And Jobs Act,” Scheduled For Markup By The Committee On Finance On November 16, 2017. Committee for a Responsible Federal Budget Budget – Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt: …

Subjects: Economy, Financial System, Government Documents, Health Care, Legal Research, Legislation, Poverty

CBO – Trends in the Distribution of Household Income

Presentation by Kevin Perese, an analyst in CBO’s Tax Analysis Division, at the University of Michigan’s 65th Annual Economic Outlook Conference. November 16, 2017. “Using CBO’s new distributional framework and improved estimates of income from means-tested transfers, this presentation examines the distribution of household income and how means-tested transfers and federal taxes affect that distribution. …

Subjects: Economy, Financial System, Government Documents

Beyond GDPR: The Challenge of Global Privacy Compliance

TechPrivacy – Daniel Solove: “For multinational organizations in an increasingly global economy, privacy law compliance can be bewildering these days. There is a tangle of international privacy laws of all shapes and sizes, with strict new laws popping up at a staggering speed. Federal US law continues to fade in its influence, with laws and regulators …

Subjects: Economy, Financial System, Legal Research, Privacy, Recommended Books

New Republic – The Cause and Consequences of the Retail Apocalypse

Private equity firms overburdened businesses with debt, and now workers are paying the price. Will policymakers do anything about it? By David Dayen. November 14, 2017. “The Macy’s near my house is closing early next year. The mall where it’s located has seen less and less foot traffic over the years, and losing its anchor …

Subjects: Economy, Financial System, Legal Research

The Paradise Papers in four data visuals

Data Driven Journalism: “Revealing 13.4 million documents and implicating more than 120 politicians and world leaders, the Paradise Papers have exposed the hidden happenings of the offshore industry, its users and operators. The International Consortium of Investigative Journalists (ICIJ) began releasing reports on 6 November 2017, drawing on nearly 7 million loan agreements, financial statements, emails, trust …

Subjects: Economy, Financial System, Government Documents, Knowledge Management, Legal Research

House Tax Plan sneaks under $1.5 Trillion debt limit – Senate releases two page bill summary

Follow up to previous posting – DavisPolk Posts Updated Tax Bill Navigator Tool – and HR 1 – Tax Cuts and Jobs Act 2017 – via Axios: “The latest version of the House tax bill, passed by the Ways and Means Committee this afternoon, meets Senate deficit requirements, according to a Joint Committee on Taxation …

Subjects: Congress, Economy, Financial System, Government Documents

Equifax says it owns all its data about you – really!

Senate Commerce Committee Hearing – Protecting Consumers in the Era of Major Data Breaches – November 8, 2017: “…“Massive data breaches have touched the vast majority of American consumers,” said [Senator John] Thune [R- S.D.]. “When such breaches occur, urgent action is necessary to protect sensitive personal information. This hearing will give the public the …

Subjects: Civil Liberties, Congress, Cybercrime, Cybersecurity, Economy, Financial System, ID Theft, Legal Research, Privacy

Brief Preliminary Distributional Analysis of the “Tax Cuts and Jobs Act”

“The Tax Policy Center has produced preliminary distributional estimates of the Tax Cuts and Jobs Act as introduced on November 3, 2017. We find the legislation would reduce taxes on average for all income groups in 2018 and 2027. The largest cuts, in dollars and as a percentage of after-tax income, would accrue to higher-income …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation