Senate committee approves Yellen to lead Fed, Senate votes to limit confirmation filibusters, and more…
The U.S. Senate Committee on Banking, Housing, and Urban Affairs approved Janet Yellen to head the Board of Governors of the Federal Reserve System (Fed).
- The Senate voted to limit the minority party’s ability to filibuster confirmations of President Barack Obama nominees.
- JP Morgan settled with the U.S. Department of Justice (DOJ) and agreed to pay a historic $13 billion for allegedly selling “low-quality mortgage-backed securities.”
- The Environmental Protection Agency (EPA) announced proposed changes to its standards for renewable transportation fuels.
- The U.S. Commodity Futures Trading Commission (CFTC) proposed consumer controls for derivatives clearinghouses.
- The Federal Election Commission (FEC) reportedly debated a proposal to allow bitcoin contribution to candidates and committees.
- The U.S. Department of Education (DOE) reopened public comment to evaluate potential changes to academic achievement standards.
- The Federal Communications Commission (FCC) reportedly released crowdsourcing app to gather data on mobile broadband use.
- The Consumer Financial Protection Bureau (CFPB) head reportedly defended the agency’s planned action against auto lending discrimination.
- The Centers for Disease Control and Prevention (CDC) reportedly may release previously unapproved Meningitis B vaccine for Princeton University students.
- A top New York financial regulatory reportedly explored “BitLicense” and other virtual money regulations.
