The Financial Industry Regulatory Authority (FINRA) introduced an initiative that would allow financial firms to self-report 529 plan violations and provide FINRA with a plan to remediate harmed custo...
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The Consumer Bankers Association (CBA) has forwarded correspondence to a pair of lawmakers in support of the Transparency in Student Lending Act. Sen. Mike Enzi (R-Wyo.) and Rep. John Curtis (R-Uta...
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The U.S. House of Representatives advanced three bills that seek to foster better financial oversight of potential bad actors and illegal activities. One of the bills is the Promoting Transparent ...
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The Federal Reserve Board will host a public research conference in July, with the prime focus being an examination of its stress testing framework. “This outreach effort will help the public bet...
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The risk in the portfolio of large syndicated bank loans has declined, according to federal banking agencies. However, despite the improvement, the dollar volume of loans rated below “pass” re...
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The Consumer Bankers Association (CBA) maintains actions by federal regulators unfavorably impact small-dollar lending consumers by forcing them to payday lenders and other less regulated sources when...
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National Venture Capital Association’s (NVCA) introduced updates to its model legal documents last week. The updates to the NVCA Model Legal Documents address the recent changes to foreign invest...
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Consumer Financial Protection Bureau (CFPB) officials said the agency had settled with Mark Corbett, a broker of contracts offering high-interest credit to veterans. CFPB officials said Corbett vio...
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The Independent Community Bankers of America (ICBA) has voiced its support for the U.S. Treasury Department’s final rule expanding access to the 20 percent tax deduction for pass-through businesses....
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The Consumer Bankers Association (CBA) is encouraging Congress to explore all options to reopen the Small Business Administration’s 7(a) and 504 loan programs. “Small businesses were among the ...
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The Democratic Members of the Senate Small Business & Entrepreneurship Committee are urging the Small Business Administration (SBA) to address the backlog of loan approvals caused by the government sh...
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Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA) introduced last week legislation designed to address insider trading by ensuring corporate insiders inability to engage in the practice via tradin...
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Legislation introduced in the U.S. Senate last week would extend the 2019 moratorium on the health insurance tax (HIT) for two additional years. The HIT directly strikes the self-employed, small bu...
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An OvationMR survey has determined small business owners attitudes regarding the government shutdown are splintered based on whether or not the action impacts their business. OvationMR officials sa...
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The Futures Industry Association (FIA) is urging the Basel Committee on Banking Supervision to adopt its recommendations on the treatment of client-cleared derivatives. Specifically, FIA is asking ...
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The Consumer Financial Protection Bureau (CFPB) is asking Congress to grant the agency compliance supervision concerning the Military Lending Act (MLA). CFPB Director Kathleen L. Kraninger recently...
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U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in the first nine months of 2018, which is a turnaround from a $21.0 billion net underwriting loss the previous year. T...
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The Federal Reserve Board of Governors has introduced an article series featuring consumer financial condition and concern analysis. Consumer & Community Context breaks down the experiences of trad...
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U.S. Sen. Marco Rubio (R-FL) introduced legislation designed to protect low-wage or entry-level workers from non-compete agreements that limit their employment opportunities. The Freedom to Compete...
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Sen. Jon Tester (D-MT) reintroduced Tuesday legislation designed to stop the practice of small businesses collecting online sales taxes for other states. Tester said the Stop Taxing Our Potential (...
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