Lawsuit to Overturn SEC Short Selling Rules Gains Support from Agency's Ex-Chief Economists

Also, House Financial Services panel takes on CFPB payments plan that ropes in tech giants

There’s been a flurry of activity over the past week in the hedge fund industry’s lawsuit to overturn the SEC’s short selling and securities lending rules. Notably, five of the agency’s ex-chief economists weighed in yesterday with a friend of the court brief backing the challenge. They argue that “traditional and robust procedural standards” weren’t fo…