SEC Takes a Whack at Executive Pay, While the CFPB and Biden Move to Curb Overdrafts

Also, those mutual fund shareholder reports you throw away are about to get shorter

A big day for rules (or in one case “guidance”) in the financial regulation word. The Securities and Exchange Commission approved two – one a controversial requirement on clawing back corporate executives’ pay, and another that will likely be welcomed by all those mutual fund investors who routinely toss the annual reports they receive into the recyclin…