The Financial Industry Regulatory Authority (FINRA) recently announced that it is seeking comment on its rules governing the participation of its member firms in capital raising. The request, part ...
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The Chicago Mercantile Exchange (CME Group) recently announced it will close its London-based derivatives exchange, CME Europe, and clearing house, CME Clearing Europe, by the end of 2017. "While E...
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Most small businesses say that administrative burdens of federal taxes are actually a bigger problem than the financial cost, according to the National Small Business Association’s (NSBA) 2017 Small...
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Sen. Dean Heller (R-NV) urged the Senate Banking, Housing, and Urban Affairs Committee to consider his legislation to expand the private flood insurance market, pursuing reauthorization of the Nationa...
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The Financial Services Roundtable (FSR) appointed former Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco as president of FSR’s Housing Policy Council (HPC), effective June 1. “...
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Fifth Third Bancorp published its 2016 annual report on corporate social responsibility (CSR), which includes results of its $30 billion community commitment and provides information on its efforts to...
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The National Association of Insurance Commissioners (NAIC) reports that its new Life Insurance Policy Locator program has proven successful in helping state insurance regulators reduce the number of u...
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The recent appointment of Raphael Bostic as president of the Atlanta Federal Reserve Bank – the first ever African-American president of a Federal Reserve Bank – was applauded by several members o...
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Mastercard got the necessary regulatory approval from the UK’s Competition & Markets Authority’s (CMA) to proceed with its planned acquisition of VocaLink Holdings Ltd., a global payments prov...
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Visa is allowing credit card issuers to provide their U.S. commercial accountholders a view of their Amazon Business purchases. “Tracking and reconciling online purchases made with commercial car...
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At a hearing held by the Congressional Joint Economic Committee (JEC), committee members and expert witnesses said the modest economic recovery is being weighed down by regulations and the tax code. ...
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The U.S. economy added 98,000 new, nonfarm payroll jobs in March, dropping the unemployment rate from 4.7 percent to 4.5 percent, according to the Bureau of Labor Statistics. The unemployment rate ...
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Reps. Sean Duffy (R-WI) and Denny Heck (D-WA) released a discussion draft of a bill designed to preserve the state-based system of insurance regulation and provide greater oversight and transparency o...
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Bipartisan legislation recently introduced in Congress would allow participants in company retirement plans to receive an annual statement that shows them how much monthly income they can generate fr...
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At the National Association of Insurance Commissioners’ (NAIC) National Meeting this week in Denver, Colorado, the American Insurance Association (AIA) urged NAIC’s Innovation and Technology Task ...
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The recent U.S.-EU Joint Financial Regulatory Forum featured discussion among participants from the United States and European Union (EU) on the outlook for financial regulatory reforms and future pri...
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Delinquencies in closed-end loans, such as auto loans, rose in the fourth quarter of 2016 while delinquencies in open-end loans, such as credit cards, fell, according to the latest American Bankers As...
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The Consumer Bankers Association (CBA) presented PNC Financial Services Group, Inc. with the seventh annual Joe Belew Award, honoring its member bank with the most innovative and impactful program sup...
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U.S. Sens Mike Rounds (R-SD) and Mark Warner (D-VA) put forth legislation to allow high quality municipal debt to be classified at a level equivalent to debt issued by corporations. Currently, debt...
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The Independent Community Bankers of America (ICBA) met with the Treasury Department Secretary Steven Mnuchin last week to discuss how federal policymakers can address the impact of overregulation on ...
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