The Financial Industry Regulatory Authority (FINRA) launched a Small Firm Helpline this week to assist firms with questions about regulatory matters. The toll-free helpline will be manned by FINRA...
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The National Association of Federally Insured Credit Unions (NAFCU) voiced its support this week for updates to the National Institute of Standards and Technology (NIST) cybersecurity framework. Th...
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Ten years after the start of the Great Recession, bank lending to small businesses remains depressed, according to a new study by faculty at Florida Atlantic University (FAU) College of Business. ...
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A Maryland banking professional is encouraging Congress to bolster the state’s economy in the wake of the recent tax bill passage. In an op-ed piece published in the Baltimore Business Journal, B...
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Efforts to expand rural broadband service continue apace with a third round of bills introduced by members of the House Energy and Commerce Subcommittee on Communications and Technology. The “bil...
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The Federal Reserve Bank of Minneapolis (Minneapolis Fed) released its final plan to reduce the chances of a major final crisis, which calls for raising capital requirements for the largest banks whil...
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Molly Wilkinson is leaving her position as executive director of the Electronic Payments Coalition (EPC) to become vice president of regulatory affairs for American Airlines. “We’re excited for...
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Bank of America Merrill Lynch recently introduced technology that allows purchasing clients to connect directly to the bank’s virtual card system, streamlining the payment process for both buyers an...
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Results of a recent audit, tax and advisory firm survey showed growing concerns for executives responsible for reporting corporate financial performance and cybersecurity. A group of 500 executives...
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The Conference of State Bank Supervisors (CSBS) will share all non-confidential licensing information from its Nationwide Multistate Licensing System (NMLS) with the Federal Trade Commission (FTC). ...
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Credit, operational, and compliance risks are the key concerns for the federal banking system, the Office of the Comptroller of the Currency (OCC) stated in its Semiannual Risk Perspective for Fall 20...
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Federal Housing Finance Agency Director Mel Watt laid out his ideas for housing finance reform last week, wherein he advocates for Fannie Mae and Freddie Mac to be reincorporated as private entities. ...
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Sens. Dean Heller (R-NV) and Joe Manchin (D-WV) introduced last week a bill designed to steer more capital to small businesses. The lawmakers said the Small Business Credit Availability Act, modern...
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The House Financial Services Committee approved 15 bills this week, including some that would roll back Dodd-Frank provisions, another that changes money market funds, and one that would make it harde...
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Rep Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, commended Tuesday the Consumer Financial Protection Bureau’s (CFPB) decision to reconsider its proposed rule on payday ...
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The Consumer Financial Protection Bureau (CFPB) issued a call this week for evidence to insure it is fulfilling its charge to protect consumers. The bureau, led by Acting Director Mick Mulvaney, wi...
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At a House Small Business Committee hearing this week, representatives from leading banking associations offered their support for proposed legislation that would strengthen the Small Business Adminis...
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The House of Representatives passed Wednesday the World Bank Accountability Act, which makes a share of future appropriations contingent on reforms to the International Development Association (IDA). ...
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BB&T Corporation will set aside $50 million to invest in or acquire emerging digital technology companies, the company announced. "This sizable investment in financial technology companies repr...
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California Insurance Commissioner Dave Jones introduced legislation this week designed to strengthen consumer protections for people making insurance claims related to the California wildfires. Wil...
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