SCOTUS hears oral argument in recess appointment case, White House announces nominees for the Fed, and more…
- The U.S. Supreme Court (SCOTUS) heard oral arguments in the recess appointment power case, National Labor Review Board v. Noel Canning.
- The White House announced additional nominees to fill positions for the Board of Governors of the Federal Reserve System (Fed).
- President Barack Obama told state governors that he plans to use executive authority and regulations to advance his agenda.
- Federal financial regulators agreed to ease Volcker rule restrictions on CDOs for small banks.
- Apple settled with the Federal Trade Commission (FTC) for charges about child app purchases on mobile devices.
- The U.S. Senate Committee on Banking, Housing, and Urban Affairs discussed concerns over Wall Street banks’ ownership of physical commodities.
- The Federal Communications Commission (FCC) advanced a proposed rule that would end the ban on in-flight cell phone calls.
- Members of the Chemical Safety Board (CSB) rejected a staff proposal to tighten regulation of oil refineries.
- The Fed sought external input on how to regulate banks in commodity markets before upcoming hearing.