Legislation designed to better protect social security beneficiaries who are unable to manage their own benefits was signed into law last week by President Donald Trump. The Strengthening Protectio...
Read More
The Federal Reserve Board (Fed) announced last week that it intends to phase in the new accounting standard for credit losses, known as the "Current Expected Credit Losses" (CECL) methodology. The ...
Read More
Sens. Marco Rubio (R-FL) and Elizabeth Warren (D-MA) touted last week the benefits of the House of Representatives' recent advancement of a bill designed to combat human trafficking. The senators s...
Read More
The House Monetary Policy and Trade Subcommittee held a hearing last week to discuss legislation that would update the operations of the Committee on Foreign Investment in the United States (CFIUS). ...
Read More
U.S. Sen. Ted Cruz (R-TX) said last week that he will introduce a bill to end capital gains tax on inflation. Cruz said the bill would encourage more investment into businesses and promote economic...
Read More
The Financial Service Committee’s Oversight and Investigations Subcommittee met recently to assess the effectiveness of the Federal Housing Finance Agency (FHFA). Specifically, officials said the...
Read More
The U.S. House of Representatives advanced a couple of bills this week targeted at banks – one to amend stress test requirements and another to reform the designation process for nonbank financial i...
Read More
The Energy and Commerce Committee recently conducted a hearing with Facebook CEO Mark Zuckerberg to garner answers regarding Facebook’s use of consumer data. Rep. Greg Walden (R-OR), the committe...
Read More
The Federal Reserve Board is seeking comment on a proposal to simplify capital rules for large banks while preserving their ability to lend under stressful conditions. The Fed proposal introduces a...
Read More
The Federal Financial Institutions Examination Council (FFIEC) is examining conditions under which financial institutions should consider using cyber insurance regarding risk management programs. T...
Read More
The Consumer Bankers Association (CBA) offered its support for the proposed changes to the Consumer Financial Protection Bureau (CFPB) laid out last week by Acting Director Mick Mulvaney in the bureau...
Read More
A new whitepaper published by several leading securities associations examined the benefits of post-trade risk reduction services as a crucial risk management tool. The paper discusses how post-tra...
Read More
The National Association of Federally-Insured Credit Unions (NAFCU) is anticipating a rise in credit card spending in the coming months as households receive their tax refunds. Officials said total...
Read More
The National Association of Federally Insured Credit Unions (NAFCU) is seeking feedback from member credit unions on the Consumer Financial Protection Bureau’s (CFPB) inherited regulations. Inhe...
Read More
A group of Democratic senators recently sought more information on the actions taken by the Consumer Financial Protection Bureau (CFPB) against a student loan servicer for predatory practices. Sens...
Read More
The National Foundation for Credit Counseling (NFCC) has released its 11th annual Consumer Financial Literacy Survey, identifying a series of differences relating to bill payment, savings and retireme...
Read More
Federal banking regulators raised the threshold requiring commercial real estate appraisals from $250,000 to $500,000 last week. This action drew praise from the Independent Community Bankers of Am...
Read More
An Investment Company Institute (ICI) study has determined underreporting of retirement plan participation in the US Census Bureau’s Current Population Survey (CPS). ICI officials said participat...
Read More
The National Small Business Association (NSBA) has created a Small Business Roundtable (SBR) to advance policy and improve the entrepreneurial environment for small businesses. “As we launch SBR,...
Read More
Results of a Capital One survey revealed this week that small business owners are uncertain about the impact of recent tax reform legislation. Officials said the Small Business Growth Index, a bian...
Read More