The U.S. House of Representatives passed a bill that would provide consumers and small businesses with more opportunities to access loans through financial technology products. The Protecting Consu...
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A bill designed to reduce duplicative federal insurance regulations is being applauded by the Property Casualty Insurers Association of America (PCI). The State Insurance Regulation Preservation Ac...
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Financial regulators in the United States and the UK have signed an agreement to support financial technology initiatives in both countries. The US Commodity Futures Trading Commission (CFTC) and t...
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The Financial Services Roundtable (FSR) is supporting a bill designed to enhance data security as a means of protecting consumers. FSR officials said the organization, which represents financial se...
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The House Subcommittee on Capital Markets, Securities and Investments held a hearing last week, which focused on the need for legislative reforms that would provide greater economic opportunity for bu...
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The U.S. House of Representatives passed two bills that seek to reduce regulations for financial services companies. H.R. 3978, sponsored by Rep. French Hill (R-AR), is a legislative package of 5 ...
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Fannie Mae’s $6.5 billion net loss in the fourth quarter highlights the need for stronger capital buffers for the government sponsored entity, according to the Independent Community Bankers of Ameri...
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The Financial Services Subcommittee on Financial Institutions and Consumer Credit recently conducted a hearing focusing on small business credit access. Officials said the effort also provided insi...
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U.S. Sen. Edward J. Markey (D-MA) this week reiterated his ongoing concerns about protecting the online privacy of children, who now are being targeted on the internet by some of America’s biggest c...
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At a House committee hearing on legislative proposals regarding derivatives, SIFMA President and CEO Kenneth Bentsen outlined ways to make regulations more risk-sensitive and less complex. While SI...
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Fannie Mae’s request for $3.7 billion from the U.S. Treasury drew criticism from Rep. Jeb Hensarling (R-TX), chairman of the House Financial Services Committee. The request came after Fannie lost...
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The Subcommittee on Financial Institutions and Consumer Credit held a hearing this week to examine ways to improve and streamline regulations around data security and breach notifications. With a p...
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The National Small Business Association (NSBA) and ZipRecruiter recently released the NSBA 2017 Year-End Economic Report, which references decade-highs with regard to small-business outlook. The re...
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A bill introduced in the U.S. House this week seeks to restore the tax exemption for advance refunding bonds that was repealed in the Tax Cuts and Jobs Act. While the Tax Cuts and Jobs Act law pre...
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A new tool to help money services businesses better manage Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk was introduced by state regulators this week. The BSA/AML Self-Assessment Tool, de...
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The U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in new markets tax credits (NMTC) to 73 community development organizations this week. The N...
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The Government Accountability Office (GAO) recently conducted an examination of the Commerce Department’s America COMPETES Act of 2010, which directed the establishment of a loan guarantee program. ...
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At a recent hearing held by the House Ways and Means Subcommittee on Oversight, the American Institute of Certified Public Accountants (AICPA) made recommendations on how to improve federal tax admini...
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U.S. Rep. Randy Hultgren (R-IL) applauded President Donald Trump for proposing to expand the use of private activity bonds in his infrastructure proposal released this week. Trump’s plan would i...
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The Securities and Exchange Commission (SEC) is requesting a $1.658 billion budget for fiscal year 2019 to support its mission and expand oversight and enforcement. The request level is a 3.5 perce...
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