At a House Capital Markets, Securities and Investment Subcommittee hearing this week, several expert witnesses cited what they called the negative effects of the Dodd-Frank Act’s Volcker Rule on cap...
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Republicans on the Senate Banking Committee are urging Treasury Secretary Steve Mnuchin to pursue an end to the Financial Stability Oversight Council’s (FSOC) ability to designate systemically impor...
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The House Working Group on Women in the 21st Century Workforce heard testimony this week at a hearing on how the private sector is empowering women to overcome barriers to success. Policy experts, ...
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The U.S. Supreme Court declined to hear appeals from Visa and MasterCard, letting stand a lower court ruling that said retailers would not have to pay a $5.7 billion settlement to the credit card comp...
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Bills advocated by the American Bankers Association (ABA) were introduced in the House and Senate this week to help federal savings associations to retain their thrift charters. The legislative mea...
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Sen. Ron Wyden (D-OR) has asked the U.S. Office of Government Ethics (OGE) to consider probing Treasury Secretary Steven Mnuchin for ethics violations for promoting The Lego Batman Movie, a film his c...
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Visa recently partnered with electronic invoicing and payment company Viewpost to bring electronic business payments to Viewpost’s small- and medium-sized business (SMB) clients. By using Visa vi...
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The Federal Housing Finance Agency (FHFA) released its Credit Risk Transfer Progress Report, describing the status and volume of credit risk transfer transactions through the end of 2016. The repor...
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The director of the Congressional Budget Office (CBO), Keith Hall, testified before Congress in February on how the CBO estimates the economic effects of proposed legislation affecting immigration. ...
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The House Oversight and Investigations Subcommittee examined the process used by the Financial Stability Oversight Council (FSOC) to designate systemically important financial institutions (SIFIs) at ...
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Mutual fund giant Vanguard is urging the Department of Labor (DOL) to delay the implementation date of the Fiduciary Rule by at least 12 to 18 months to limit investor confusion and disruption. “...
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Homeowners in New York City could find flood insurance rates rising due to possible changes in federal flood maps and rate calculations, according to a new study by the Rand Corporation. Flood insu...
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State financial regulators responded to the recently released report by the Federal Financial Institutions Examination Council (FFIEC) with additional recommendations to reduce regulatory burdens on b...
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The Consumer Financial Protection Bureau (CFPB) released a proposal this week to amend Regulation B to provide additional flexibility for mortgage lenders concerning the collection of consumer demogr...
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Republican members of the House Financial Services Committee continued to lay the foundation for a regulatory relief bill for community banks, specifically a rollback in regulations included in the Do...
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Wells Fargo Bank announced a new feature that allows customers to have card-free access to all its 13,000 ATMs throughout the United States. Using the company’s One-Time Access Code technology, c...
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The Wells Fargo/Gallup Investor and Retirement Optimism Index jumped 30 points in the first quarter of 2017 to +126 – the highest it has been since the dotcom boom in November 2000. The survey of...
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Republicans in the Joint Economic Committee (JEC) released a report last week, touting the benefits and growth of health savings accounts (HSA). HSAs are consumer-directed health plans established ...
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Legislation to extend the length of time small businesses can participate in the federal Historically Underutilized Business Zone Empowerment Contracting (HUBZone) program, which is designed to help s...
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The House Judiciary Committee approved a bill that would simplify state income tax requirements for employees who work multiple days per year outside their home state. Currently, all states have di...
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