The House Subcommittee on Digital Commerce and Consumer Protection held a hearing last year to examine whether the Committee on Foreign Investments in the United States (CFIUS) process for reviewing i...
Read More
The Financial Services Committee’s Subcommittee on Capital Markets, Securities and Investment recently conducted a hearing to review the Securities and Exchange Commission’s (SEC) Division of Cor...
Read More
The Independent Community Bankers of America (ICBA) is urging the Financial Crimes Enforcement Network (FinCEN) to delay a rule requiring banks to identify the owners of their corporate clients. F...
Read More
Housing and Urban Development (HUD) officials unveiled this week a series of reforms designed to offer simpler, less invasive and more transparent rent structures. HUD officials said the effort wou...
Read More
Senate Finance Chairman Orrin Hatch (R-UT) is calling on large credit unions to report financial information required of other tax-exempt institutions. In an April 24 letter to the acting commissio...
Read More
Commodity Futures Trading Commission (CFTC) officials are seeking public input as a means of bolstering the organization’s FinTech initiative. CFTC personnel said LabCFTC is requesting ideas and ...
Read More
National Credit Union Administration (NCUA) Chairman Mark McWatters said eliminating credit unions tax-exempt status would be a mistake, according to a response letter sent to Senate Finance Committee...
Read More
Survey results have determined voters still prefer bank institutions over retailers with regard to developing payment technologies and protective initiatives. The effort executed by Morning Consult...
Read More
The Consumer Financial Protection Bureau (CFPB) assessed last week a $1billion penalty against Wells Fargo Bank for running an illegal mandatory insurance program related to its auto loans. The CFP...
Read More
Business and industry leaders recently joined Sen. Joe Donnelly (D-IN) in discussing a legislative measure design to reduce regulatory restrictions on main street community banks and credit unions. ...
Read More
The National Credit Union Administration (NCUA) Board approved a final rule last week to remove certain current capital planning and stress testing requirements on federally insured credit unions. ...
Read More
SunTrust Bank announced last week that it is now offering Identity Protection for all current and new consumer clients at no cost on an ongoing basis, with Experian IDnotify being provided to those wh...
Read More
The Property Casualty Insurers Association of America (PCI) is lending support to a measure designed to adjust insurance regulatory actions. Sens. Tim Scott (R-SC), Mike Rounds (R-SD), Tammy Baldwi...
Read More
The Securities and Exchange Commission (SEC) proposed new rules for financial advisors and broker-dealers, a best interest standard that would essentially replace the fiduciary rule. The fiduciary ...
Read More
U.S. Sens. Jerry Moran (R-KS) and Pat Toomey (R-PA) recently announced their sponsorship of a resolution to overturn a rule by the Consumer Financial Protection Bureau (CFPB) that regulates car loans ...
Read More
The House Housing and Insurance Subcommittee held a hearing this week to review the Housing Choice Voucher Program and three legislative proposals that seek to enhance it. One of the three bills is...
Read More
Sens. Ted Cruz (R-TX) and Jim Inhofe (R-OK) introduced this week a bill designed to halt capital gains tax on inflation. Cruz and Inhofe said the Capital Gains Inflation Relief Act of 2018 would ex...
Read More
Mortgage banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers P...
Read More
The National Venture Capital Association (NVCA) is recommending several changes to the Foreign Investment Risk Review Modernization Act (FIRRMA) regarding amendments to the Committee on Foreign Invest...
Read More
The Securities and Exchange Commission (SEC) has launched a public service announcement (PSA) encouraging investors to check investment professional backgrounds by using the free search tool on Invest...
Read More