The House Subcommittee on Capital Markets, Securities, and Investments examined the operations of the Securities and Exchange Commission’s Division of Investment Management to ensure it is meeting i...
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The Housing and Insurance Subcommittee met recently to examine misconduct allegations regarding the Alexander County Housing Authority (ACHA) in Cairo, Illinois. Subcommittee Chairman Sean Duffy (R...
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The U.S. House of Representatives advanced a series of bills this week focused on helping small businesses throughout the country. Among the recent legislation is the Small Business Access to Capi...
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A National Small Business Association (NSBA) survey has determined small-business owners’ political involvement has dropped in nearly every category. NSBA officials said the 2018 Politics of Smal...
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To enhance customer service, US Bank officials said the institution has created a digital option for small businesses to apply for and to receive loans or credit lines. “We created this new digit...
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Eric A. Cioppa has been appointed to a two-year term as the Financial Stability Oversight Council’s (FSOC) state insurance commissioner representative. Officials said Cioppa, who serves as superi...
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The International Swaps and Derivatives Association (ISDA) and the US Chamber Center for Capital Markets Competitiveness (CCMC) is advocating for a mechanism to avoid the need for securities firms to ...
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The Community Financial Services Association of America (CFSA) and Consumer Service Alliance of Texas (CSAT) are contesting the Bureau of Consumer Financial Protection’s (CFPB) small-dollar loan rul...
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The American Institute of Certified Public Accountants (AICPA) is seeking guidance from the U.S. Department of the Treasury and the Internal Revenue Service (IRS) on recent tax reporting changes manda...
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The National Association of Federally Insured Credit Unions (NAFCU) is reaffirming its position consumer financial services complaints should not be made public. NAFCU President and CEO Dan Berger ...
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New research from the Investment Company Institute (ICI) details the characteristics and behaviors of individual retirement account (IRA) investors. Among the major findings, ICI found that Roth I...
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Federal regulators, financial executives, and academics will convene this week at a symposium hosted by the Securities and Exchange Commission to discuss the impact of high-frequency trading and the r...
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Recently released data has revealed consumers are turning to debit cards, credit cards, and mobile wallet cash alternatives more frequently than ever before. Analysis by CivicScience, the Federal ...
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The House Financial Services Committee advanced last week the Small Business Audit Correction Act, which is designed to provide regulatory relief for small investment broker-dealers. The bill, intr...
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U.S. Rep. Mia Love (R-NY) introduced legislation last week that would improve congressional oversight of banks and financial institutions providing services to state sponsors of terrorism. The Bank...
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The House Ways and Means Committee introduced a series of bills last week – known as Tax Reform 2.0. – that would make permanent the tax cuts approved last year and help people save for retirement...
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The House Financial Services Committee advanced legislation last week designed to prevent data breaches like the one that impacted millions of Americans last year. The Committee said H.R. 6743, the...
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The National Venture Capital Association (NVCA) is supporting a measure containing a provision the organization said protects the net operating losses (NOLs) of startups. NVCA officials said H.R. ...
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The Conference of State Bank Supervisors (CSBS) expressed its opposition to two different bills making their way through Congress. One of the bills is the Consumer Information Notification Requirem...
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The Consumer Bankers Association (CBA) has endorsed U.S. Bank’s new Simple Loan product, which provides a more cost-effective option for short-term loans for consumers. CBA said the Simple Loan p...
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