A group of state legislators met with Congressional staffers and Trump Administration officials to discuss challenges and potential reforms regarding student loan debt and repayment. Among the refo...
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The U.S. Securities and Exchange Commission (SEC) has approved the Financial Industry Regulatory Authority’s proposed rule to streamline competency exams and expand opportunities for securities prof...
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The Public Company Accounting Oversight Board (PCAOB) published a practice alert last week to assist auditors in applying PCAOB standards when auditing companies' implementation of the Financial Accou...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule last week to stop payday loan debt traps by requiring lenders to determine upfront whether people can afford to repay their loans. ...
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Rep. French Hill (R-AR) introduced last week a bill to modify mortgage disclosure requirements while offering clarification to consumers and regulatory relief to financial institutions. Hill said ...
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The Consumer Financial Protection Bureau (CFPB) issued an interim final rule to provide mortgage servicers more flexibility to communicate about foreclosure prevention options with borrowers who have ...
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The Independent Community Bankers of America (ICBA) recently commended the Treasury Department for announcing plans to withdraw a proposal that would have raised the estate tax. ICBA said the propo...
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The Treasury Department released a report this week that outlined plans to change or eliminate portions of the tax code to reduce the regulatory burden. Among them, the department announced plans t...
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The American Bankers Association (ABA) has elected Trey Maust as Community Bankers Council chairman for the 2017-2018 association year. In his role as chairman, Maust, who is currently co-president...
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The Small Business Technology Council (SBTC) is expressing opposition to a bill the group said would divert money away from the Small Business Technology Transfer (STTR) program. SBTC officials re...
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Housing finance reform and capital buffers were among the topics discussed at a House Financial Services Committee hearing, which featured testimony from Federal Housing Finance Agency (FHFA) Director...
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U.S. Treasury Secretary Steven Mnuchin hosted a group of academics, policymakers, advocates, and industry stakeholders to discuss the Trump Administration's efforts to cut bureaucratic red tape. "T...
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A bill that stipulates that the Federal Deposit Insurance Corporation (FDIC) board must include a member who is a state regulator was introduced in Congress this week. The bill seeks to enforce the...
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The Government Accountability Office (GAO) said the Centers for Medicare & Medicaid Services (CMS) Fraud Prevention System accounted for 20 percent of fraud investigations in 2015 and 2016. In its...
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U.S. Rep. Bob Goodlatte (R-VA) unveiled a bill to create a new agricultural guestworker program for farmers and ranchers. The Agricultural Guestworker Act, or the AG Act, would replace the H-2A gue...
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House Democrats are asking Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to reform the way banks charge overdraft fees. Representatives introduced a bill in July that would m...
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A 2016 intrusion by a third party into the Securities and Exchange Commission (SEC) EDGAR test filing contained the names, dates of birth and social security numbers of two individuals, according to a...
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The Conference of State Bank Supervisors (CSBS) recently unveiled an optional tool to help financial institutions prepare for new accounting standards that will change how banks calculate credit losse...
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The Futures Industry Association (FIA) offered suggestions to simplify and modernize U.S. Commodity Futures Trading Commission (CFTC) rules. The association’s response was a result of the CFTC’...
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Performance of first-lien mortgages improved and foreclosures were down in the second quarter of 2017 compared with the previous year, according to the U.S. Office of the Comptroller of the Currency...
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