FINSUM + Magnifi: Biden Admin Planning A Big New Regulatory Push

April 16, 2021

The Biden admin is tackling some of the changes made during Trump's administration, particularly to environmental social governance, fair lending, and consumer protection rules. The administration will not allow a set of measures that disincentivize ESG factors by shareholder voting restrictions. They have also reinstated the Consumer Financial Protection Bureau’s ability to seek monetary penalties for abusive practices and expanded the Equal Credit Opportunity Act to gender and sexual orientation protection. Finally, the administration reinforced the SEC’s ability to investigate and subpoena companies and individuals for investigation. These measures are just some of the ways the new administration is changing the regulatory landscape.

Read more


FINSUM + Magnifi: This Sector is at Huge Risk from Biden’s Tax Plan

April 13, 2021

Treasury Secretary Janet Yellen released bits of the Biden administration's Future Tax plan which is linked to the $2.3 trillion infrastructure proposal. Titled “Made in America”, the plan eliminates many subsidies for fossil fuel companies and introduces a host of incentives for alternative energy. The treasury estimates that the fossil fuel measures will save $35 billion over the next decade. Such measures are the elimination of the drilling costs reduction, which on its own is estimated to generate $13 billion in the same decade. Additionally, the bill extends the investment tax credit for green energy and incentivizes sustainable aviation fuel. Finally, the bill raises the corporate tax rate from 21% to 28%.

Read more


FINSUM + Magnifi: Why Financial Stocks Will Rally Big

March 2021

Eyes and ears have been on the Fed as the bond market still is unsure of the future of inflation, but it
was a different Fed announcement that had the market moving on Thursday. The Fed announced that
pending stress tests, the restrictions put on dividends and share buybacks will be lifted this summer. The
measures were put on banks to ensure financial security through the crisis. If banks fail to meet the capital requirements imposed by the Fed, then the restrictions will continue. Banking stocks ticked up
on the news as S&P Bank ETF KBE rose 2.8% on the announcement.

Read more