The Financial Services Roundtable (FSR) is supporting the efforts of a group of lawmakers urging the Social Security Administration (SSA) to combat synthetic identity fraud. Sens. Bill Cassidy (R-L...
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A new report outlines the economic impact of the Internet sector on U.S. cities and identifies opportunities for cities to boost its internet economy. The internet sector contributes 3.3 percent of...
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The National Association of Federally Insured Credit Unions (NAFCU), along with six other financial industry trade associations, recently urged the Consumer Financial Protection Bureau (CFPB) to repea...
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The Treasury Department’s Office of Foreign Assets Control designated three ISIS-related individuals as Specially Designated Global Terrorists, meaning all of their property and interests in propert...
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The 2017 Greenwich Excellence Awards in Small Business Banking revealed branch service continues to play an important role in small business banking. The awards recognized Frost Bank and Pinnacle F...
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The National Venture Capital Association (NVCA) recently called on President Donald Trump not to rescind the International Entrepreneur Rule (IER), which is designed to increase foreign entrepreneursh...
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The American Institute of Certified Public Accountants (AICPA) is urging the Internal Revenue Service (IRS) to provide relief for U.S. citizens living abroad who file taxes. Specifically, AICPA is ...
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The House of Representatives recently passed a bill that amends the Truth in Lending Act to say that escrow charges and title charges should not be considered "points and fees" when calculating a mor...
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A recent bill designed to make it easier to obtain loans from small banks has passed the House of Representatives. Rep. Mia Love (R-UT) said the Small Bank Holding Company Relief Act eases over-reg...
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The Fannie Mae Home Purchase Sentiment Index (HPSI) jumped 3.7 points in January to 89.5, an all-time high for the survey. The increase reversed a trend the previous month, which saw a decrease in ...
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The National Association of Insurance Commissioners (NAIC) released this week its strategic plan, which outlines the specific investments it will be making the next three years to support state insura...
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The Consumer Financial Protection Bureau (CFPB) is looking for feedback from the public on the bureau’s enforcement processes. In a Request for Information (RFI) issued this week, the CFPB said i...
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Kirsten Sutton Mork has been chosen to serve as the Consumer Financial Protection Bureau’s (CFPB) chief of staff. Acting Director Mick Mulvaney made the announcement this week, touting the skill...
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State bankers’ associations from every U.S. state are urging the Financial Accounting Standards Board (FASB) to adjust regulatory capital balances that were impacted by the new tax reform law. Th...
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New housing goals for Fannie Mae and Freddie Mac for 2018 through 2020 were set by the Federal Housing Finance Agency (FHFA) this week. The FHFA is required by the Federal Housing Enterprises Finan...
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Payment fraud losses are a problem for 75 percent of financial institutions, according to a new study from the Minneapolis Federal Reserve Bank (Fed). The survey of some 300 financial institutions ...
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Seven states have agreed to use a standardized process for licensing money services businesses (MSB). The standardized process would allow one state to review key elements of a license for a money ...
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Citing widespread consumer abuses and compliance breakdowns, the Federal Reserve Board (Fed) announced last week that it would restrict the growth of Wells Fargo until it improves its governance and c...
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Sen. Sherrod Brown (D-OH) is calling on the Consumer Financial Protection Bureau (CFPB) not to end the investigation into the Equifax data breach, where hackers exposed the personal information of 145...
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Rep. Frank Pallone, Jr. (D-NJ) is asking Consumer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney to investigate the widespread submission of fake public comments submitted about payd...
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