The American Insurance Association (AIA) has unveiled new legislation combining innovation and consumer protection while also addressing potential regulatory obstacles. AIA officials said the prop...
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For the 2017 Life Insurers Fact Book, as published by the American Council of Life Insurers’, the trade organization’s researchers found that the United States gained a 3.6 percent increase in lif...
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The Senate Banking Committee recently advanced a bill designed to modernize regulations, benefit consumers and encourage economic growth. Officials said the Economic Growth, Regulatory Relief and C...
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The Public Company Accounting Oversight Board (PCAOB) has made changes to the auditor's report, which become effective on Dec. 15, 2017. The changes to the auditor’s report relate to the form of ...
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The Government Accountability Office (GAO) released a report Monday that examined the potential of housing fraud schemes and federal regulations designed to combat such. GAO officials said the Dep...
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The Insured Retirement Institute (IRI) is voicing support for the Automatic Retirement Plan Act of 2017. IRI officials said the measure, introduced by Rep. Richard Neal (D-MA), includes ideas which...
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Rep. Virginia Foxx (R-NC) introduced a bill to reauthorize and reform the Higher Education Act. The Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act, HR 45...
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A new study released this week by the Investment Company Institute examined how many Americans own an individual retirement account (IRA) and how they use them. The ICI study, called “The Role of...
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The U.S. House advanced a bill last week that relaxes federal lending rules for manufactured homes. The Preserving Access to Manufactured Housing Act, sponsored by Rep. Andy Barr (R-KY), address gu...
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The Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange (CFE) certified new contracts for bitcoin futures products last week. Further, the Cantor Exchange certified a new contract for b...
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A bipartisan group in Congress sponsored a bill to repeal the Consumer Financial Protection Bureau’s (CFPB) rule that placed borrower safeguards on payday loans. Payday loans, also called small-d...
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The Consumer Bankers Association (CBA) is expressing support for the Right to Lend Act of 2017, maintaining the measure would strengthen the economy and help businesses create jobs. CBA officials r...
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Legislation introduced in Congress last week would make overtime pay available to more people. The bill -- the Restoring Overtime Pay Act -- would increase the overtime salary level from $23,660 p...
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Reps. Dan Donovan (R-NY) and Kyrsten Sinema (D-AZ) have co-sponsored legislation that says federal disaster relief contractors cannot shield expenses from audits. The Taking Responsibility by Accou...
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The Securities and Exchange Commission (SEC) awarded more than $8 million each to two whistleblowers who provided information that led to an enforcement action against the lawbreakers. One whistle...
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The Credit Union National Association has joined forces with the Association for Financial Technology (AFT) to help credit unions make better use of technology. AFT works with credit unions and oth...
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The National Council of Insurance Legislators (NCOIL) has expressed concerns to the American Law Institute (ALI) over its Restatement of the Law, Liability Insurance documents. ALI, a group of law...
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The Financial Services Roundtable (FSR), along with other financial industry trade associations, is urging the Consumer Financial Protection Bureau (CFPB) to withdraw its proposed guidance on data col...
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The future role of the Government National Mortgage Association – also called Ginnie Mae – was examined at a House Housing and Insurance Subcommittee hearing the week. “It’s important that...
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The Department of Commerce’s second estimate revealed the nation’s economy grew an estimated 3.3 percent in the third quarter, representing the strongest growth in three years. The figure was ...
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