CURRENT EVENTS - DECEMBER

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 435
  • Views: 7K
  • Politics 

Treasury’s Bank Regulation Takeover Has a New Goal: Anti-Money-Laundering Rules​

Bessent wants department to be ‘a gatekeeper’ on rules that force banks to monitor for illicit transactions and money laundering​


🎁 —> https://www.wsj.com/finance/regulat...6?st=C3SmAA&reflink=desktopwebshare_permalink

“… Banks have pressed for changes like the ones in the proposal and criticized regulators for being too focused on technical compliance and not the spirit of the money-laundering laws. The industry broadly has been cheering the administration’s efforts to cut regulations on everything from how much capital they hold to how much they can lend, while also reining in federal watchdogs. The Trump administration, and Treasury Secretary Scott Bessent, think the restrictions on banks have inhibited economic growth.

The AML proposal could give the Treasury’s Financial Crimes Enforcement Network the ability to veto a finding by another regulator that a bank has infringed on the Bank Secrecy Act. If finalized, it could allow banks in some cases to avoid being penalized by regulators for what the Treasury views as mere technical violations of their anti-money-laundering systems.…”
 
n January 2023, the United States Department of State retired Times New Roman in favor of Calibri for official communications and documents due to superior readability on a computer screen, and accessibility, since its sans-serif nature would cause fewer problems in the usage of text-to-speech and optical character recognition tools.In December 2025, the State Department switched back to using Times New Roman. In an internal memorandum, Secretary of State Marco Rubio stated the change was intended to "restore decorum and professionalism to the department’s written work"
 
www.theguardian.com

Nancy Mace escalated airport incident into ‘spectacle’, police investigation says

Republican congresswoman berated TSA personnel in October with profanity and insults, leaving facility employees ‘visibly upset’
www.theguardian.com www.theguardian.com

The investigative report, dated 12 November, said there had been some confusion over whether the congresswoman would arrive at the airport in a white BMW when she in fact arrived in a silver model. That led to a delay in meeting up with an escort to take her through the security line at the airport.

The airport police chief, James Woods, wrote in the report that the Charleston airport holds “a certain level of responsibility” for a “minor miscommunication” about the color of the vehicle that Mace came in, as the Post noted. But the congresswoman’s “continued failure to follow established procedures at the checkpoint” escalated the situation into “a spectacle”.

The investigation found Mace told officers “I’m sick of your shit.” She also reportedly said that officers were “fucking idiots” and “fucking incompetent” – and yelled that she was a “fucking representative” in the US House.

An airport employee described Mace’s tone as “very nasty, very rude” and “very unbecoming if she’s representing us” as a member of Congress. One described feeling “downtrodden”.

However, Mace’s office told the Post that the report was “a full exoneration” of the congresswoman – who is running for governor of South Carolina in 2026.

The report indicates that Mace and Charleston airport employees had clashed previously. She reportedly arrived at the airport earlier in the year with a relative only to be delayed while an agent sought approval for the relative’s smooth passage through TSA security.

That also triggered an outburst of profanity and complaints of mistreatment, the report said. Two police officers said Mace was “rarely on time – and that this is often exacerbated by the fact that their communication is often relayed through multiple staffers”. They noted that Mace “appears to have high personnel turnover”.
 

DOJ rolls back anti-discrimination rules​

Trump officials say the requirement to consider racial impacts was itself a form of discrimination.


“… Repealing the government’s 50-year-old “disparate impact” standards will make it harder to challenge potential bias in housing, criminal law, employment, environmental regulations and other policy areas.

… The Trump administration amended the anti-bias rules without the usual opportunity for public input. A Department spokesperson pointed POLITICO to language in federal laws that allows agencies to skip the so-called notice-and-comment process for certain rules “relating to agency management or personnel or … grants, benefits, or contracts.”

… Harmeet Dhillon, DOJ’s civil rights chief, highlighted that the rule change will lead to fewer civil rights lawsuits — cases she characterized as frequently overreaching.

… The regulations also undergirded investigations of organizations, such as housing providers and police departments, accused of engaging in a “pattern or practice” of discrimination. Such investigations often lead to settlements or agreements requiring efforts to reverse the discriminatory practices.…”
 
nycfan said:

DOJ rolls back anti-discrimination rules​

Trump officials say the requirement to consider racial impacts was itself a form of discrimination.


“… Repealing the government’s 50-year-old “disparate impact” standards will make it harder to challenge potential bias in housing, criminal law, employment, environmental regulations and other policy areas.

… The Trump administration amended the anti-bias rules without the usual opportunity for public input. A Department spokesperson pointed POLITICO to language in federal laws that allows agencies to skip the so-called notice-and-comment process for certain rules “relating to agency management or personnel or … grants, benefits, or contracts.”

… Harmeet Dhillon, DOJ’s civil rights chief, highlighted that the rule change will lead to fewer civil rights lawsuits — cases she characterized as frequently overreaching.

… The regulations also undergirded investigations of organizations, such as housing providers and police departments, accused of engaging in a “pattern or practice” of discrimination. Such investigations often lead to settlements or agreements requiring efforts to reverse the discriminatory practices.…”
Click to expand...
The racism IS the point.
 
You must log in or register to reply here.
Back
Top