The chairman-designate of the U.S. Joint Economic Committee (JEC), Rep. Pat Tiberi (R-OH), welcomed four new Republican members to the committee last week. The latest appointees include Sen. Rob Po...
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After four years as chair of the Federal Trade Commission (FTC), Edith Ramirez will resign her post effective Feb. 10, 2017. Ramirez has been chair of the FTC since Mar. 4, 2013, and has served as ...
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The National Association of Federally-Insured Credit Unions (NAFCU) urged the Office of the Comptroller of the Currency (OCC) to hold fintech companies to the same institution regulations if they are ...
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An agreement between the United States and European Commission that seeks to put U.S. insurers in Europe on equal footing with their European counterparts has drawn scrutiny from the National Associat...
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The U.S. Securities and Exchange Commission (SEC) extended the deadline for public comment on the acquisition of the Chicago Stock Exchange by a group of Chinese investors. The comment period was...
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The Conference of State Banking Supervisors (CSBS) opposes a proposal by the Office of the Comptroller of the Currency (OCC) that would license financial technology and other nonbanks as banks. In ...
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The Consumer Protection Coalition (CPC) spoke before the Florida Senate Committee on Banking and Insurance last week to urge reforms on Assignment of Benefits in this legislative session. At the he...
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The American Insurance Association applauded a covered agreement between the United States and European Commission that sets mutual acknowledgement of prudential supervision in the EU and United State...
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A bill proposed in Congress last week would make it easier for small corporations to raise money through crowdfunding. U.S. Reps. French Hill (R-AZ) and David Schweikert (R-AZ) introduced H.R. 531,...
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The Economic Advisory Committee of the American Bankers Association forecasts GDP growth of 2.1 percent this year and 2.3 percent in 2018, up from 2.0 percent last year, leading to more jobs and hi...
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The U.S. House of Representatives approved the SEC Regulatory Accountability Act, H.R. 78, which places statutory requirements on the Securities Exchange Commission rulemaking. The law, sponsored b...
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The U.S. Government Accountability Office says the federal government’s recoupment structure for terrorism insurance under the Terrorism Risk Insurance Act (TRIA) may result in higher prices for pol...
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In its 2017 regulatory outlook for Illinois, the American Insurance Association (AIA) said one of the key challenges this year, among several, is the reform of the state’s workers’ compensation sy...
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Jelena McWilliams joined Fifth Third Bancorp this week as chief legal officer and corporate secretary, coming from a U.S. Senate committee post. McWilliams will oversee legal, government, and regul...
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National Association of Federally-Insured Credit Unions President and CEO Dan Berger met with House and Senate leaders this week to discuss a range of issues, including regulatory relief for credit un...
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A first-ever study by the Consumer Financial Protection Bureau of consumers’ experiences with debt collectors found that 27 percent felt threatened by collectors and three quarters were harassed aft...
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A bipartisan group of legislators introduced a bill, the Credit Union Residential Loan Parity Act, H.R. 389, that would allow credit unions to lend more money to finance the acquisition of small apart...
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The Futures Industry Association (FIA) sent a letter to leaders in the U.S. House of Representatives this week voicing its support for the Commodity End User Relief Act. H.R. 238 would reauthoriz...
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In a letter to President-elect Donald Trump, Democrats on the Financial Services Committee urged the incoming president not to remove Consumer Financial Protection Bureau (CFPB) Director Richard Cordr...
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A bipartisan group of legislators introduced a bill, the Credit Union Residential Loan Parity Act (H.R. 389), that would allow credit unions to lend more money to finance the acquisition of small apar...
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