The Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) are urging the Commodity Futures Trading Commission (CFTC) to scrap the proposed automated trading regu...
Read More
The U.S. House approved a bill that would direct the Securities and Exchange Commission (SEC) to provide a safe harbor for research reports that cover exchange traded funds (ETFs). The Fair Access ...
Read More
The Internal Revenue Service is accepting nominations for the Internal Revenue Service Advisory Council (IRSAC) from now through June 16.x The IRSAC provides a public forum for IRS officials and re...
Read More
The Office of the Comptroller of the Currency (OCC) participated in the annual Financial Literacy Day event held in Washington D.C., last week to raise awareness about initiatives that improve financi...
Read More
The Illinois House recently passed HB 2622, a bill that would create the Illinois Employers Mutual Insurance Company (IEMIC), a state-sponsored fund to provide workers’ compensation insurance in Ill...
Read More
U.S. Rep. Andy Barr (R-KY) reintroduced the Portfolio Lending and Mortgage Access Act, a bill designed to promote affordable home financing and discourage the practices that led to the 2008 financial ...
Read More
The U.S. Government Accountability Office recommended comprehensive reform to improve the solvency and enhance the resiliency of the National Flood Insurance Program (NFIP). GAO said Congress shoul...
Read More
U.S. Reps. Ed Perlmutter (D-CO), Denny Heck (D-WA), and Don Young (R-AK) introduced legislation to allow marijuana-related businesses in states where it is legal to access the banking system. The S...
Read More
The Consumer Financial Protection Bureau filed complaints against four online lenders – Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial, and Majestic Lake Financial – for ...
Read More
The U.S. Senate confirmed Alexander Acosta as Secretary of Labor last week, a move applauded by the Financial Services Roundtable (FSR), who subsequently asked Acosta to defer the fiduciary rule. ...
Read More
The Insured Retirement Institute (IRI) voiced its support for President Donald Trump’s inclusion of tax deferrals in retirement plans in his tax reform plan. “At a time when 77 percent of Baby...
Read More
The credit card market showed continued growth in the fourth quarter, with gains in monthly purchase volumes, new accounts, and higher interest rates, according to the American Bankers Association’s...
Read More
The Illinois Department of Financial and Professional Regulation (IDFPR) is launching a new initiative to support and encourage innovation in financial services. Through the IDFPR’s Financial Inn...
Read More
The Conference of State Bank Supervisors (CSBS) filed a complaint against the Office of the Comptroller of Currency (OCC) to prevent the agency from allowing nonbank financial technology companies to ...
Read More
The Mortgage Bankers Association (MBA) applauded bipartisan legislation introduced this week that clarifies and amends parts of the Basel III high volatility commercial real estate (HVCRE) banking reg...
Read More