Federal Reserve seeks comments on proposal to amend AML programs for banks
The Federal Reserve Board is seeking feedback on a proposal to amend its requirements for banks to maintain anti-money laundering programs. The proposed amendments are intended to align with changes to anti-money laundering program requirements separately proposed by four other federal regulatory agencies. The proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities. Further, the proposed am...
Read More
Featured
Ways and Means committee passes bill to allow IRS to use AI to catch fraud
A bill that encourages the Internal Revenue Service (IRS) to use AI tools to detect tax fraud was passed by the House Wa...Read More »
Education Freedom Tax Credits to boost school choice
The new Education Freedom Tax Credit will make taxpayers eligible for a credit up to $1,700 for qualified contributions ...Read More »
Senators examine partnership between private equity firm and Sallie Mae
A group of Senate lawmakers are probing leadership at private equity firm KKR about the company’s recently announced m...Read More »
House passes bill to extend terrorism risk insurance program
The U.S. House of Representatives passed a bipartisan bill that reauthorizes the Terrorism Risk Insurance Program. Th...Read More »
Reps. Fitzpatrick, Goodlander introduce bill to prevent federal officials from stock trading
U.S. Reps. Brian Fitzpatrick (R-PA) and Maggie Goodlander (D-NH) introduced a bipartisan bill that would prohibit senior...Read More »
Bill to provide cannabis businesses with banking services introduced in House
A bill was introduced in Congress last week that seeks to ensure that state-legal cannabis businesses have access to ban...Read More »
CFPB making changes to consumer complaint portal
The Consumer Financial Protection Bureau (CFPB) is making changes to its consumer complaint portal. Among the chang...Read More »
SIFMA among groups urging Senate to advance capital formation package
The Securities Industry and Financial Markets Association (SIFMA) is one of several financial industry groups that are u...Read More »
Senate passes bill package to expand nation’s housing supply
The U.S. Senate passed the 21st Century ROAD to Housing Act this week, a legislative package that seeks to expand housin...Read More »
Agencies ask for public comment on proposed stablecoin regulations
Federal agencies jointly charged with overseeing stablecoin are asking for public comment on a proposed rule for permitt...Read More »
