The Property Casualty Insurers Association of America (PCI) is encouraging the House to advance a bill that sets new rules on the Financial Stability Oversight Council (FSOC). The Financial Stabi...
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The Consumer Financial Protection Bureau (CFPB) issued a report documenting the bureau’s efforts to combat illegal debt collection practices. The report, conducted along with the Federal Trade C...
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The U.S. House advanced legislation this week that exempts non-banks, such as mutual fund companies, from taking financial stress tests. The Alleviating Stress Test Burdens to Help Investors Act (H...
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The National Federation of Independent Business (NFIB) is urging lawmakers in the Louisiana State Senate to vote against bills that would increase the minimum wage and promote equal pay for women in t...
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The House Subcommittee on Terrorism and Illicit Finance held a hearing this week to examine the monetization and illicit use of stolen data after a hack. “Cybertheft is particularly damaging beca...
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The U.S. House of Representatives advanced a bill that would create a new entity to handle the federal financial examination appeals process for community banks. The Financial Institutions Examinat...
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A pair of lawmakers recently forwarded correspondence to the Small Business Administration (SBA) Office of Advocacy requesting the agency research economic conditions for small business with the rise ...
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U.S. Sen. Jon Tester (D-MT) and Montana Governor Steve Bullock are urging the Federal Communications Commission (FCC) to update a program aimed at bringing broadband to rural schools. The FCC’s E-R...
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The U.S. Government Accountability Office (GAO) made several recommendations on how low- and middle-income communities can be more effectively served by the banking industry. The Community Reinvest...
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The Government Accountability Office (GAO) recently conducted an evaluation of commercial real estate lending outcomes, determining banks face increased risk and regulators are assessing risk manageme...
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The House passed a bill this week that requires regulators to tailor regulations to better fit a bank or credit union’s risk profile and business model. U.S. Rep. Scott Tipton (R-CO) sponsored t...
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Legislation that would subject trade restrictions made by the president or executive branch -- such as tariffs, duties, and quotas -- to Congressional approval, was introduced by Rep. Warren Davidson ...
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A bill sponsored by U.S. Rep. Dennis Ross (R-FL) would allow individuals to set aside money annually in tax-preferred accounts to use for natural disaster expenses. Ross’ Disaster Savings Account...
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A pair of lawmakers recently introduced a measure designed to provide higher education institutions tools and information to help students make informed financial decisions. Reps. Joyce Beatty (D-O...
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The American Institute of Certified Public Accountants (AICPA) has reiterated its call for the U.S. Treasury Department and the Internal Revenue Service (IRS) to provide regulatory relief for foreign ...
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The U.S. House of Representatives approved legislation designed to ease some of the one-size-fits-all regulations for banks and credit unions. The House voted 247-169 this week to pass the Taking ...
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The U.S. Senate advanced this week the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), which eases regulations for banks and financial institutions and rolls back provisions ...
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The American Land Title Association (ALTA) is lending support to the Financial Product Safety Commission Act of 2018, which replaces the Consumer Financial Protection Bureau’s (CFPB) sole director w...
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U.S. Sen. Jon Tester (D-MT) introduced a resolution opposing a bill that would require businesses selling products or services over the internet to collect sales tax. The bill he is opposing is cal...
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The Financial Services Roundtable (FSR) and The Clearing House Association (TCH Association), a non-partisan advocacy and research arm of The Clearing House, announced this weekend their agreement to ...
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