The Senate Committee on Small Business & Entrepreneurship advanced a bill to ensure that the information technology (IT) systems at the U.S. Small Business Administration (SBA) are protected from...
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The Conference of State Bank Supervisors (CSBS) maintains is encouraging Congressional oversight with regard to data breaches and protection measures. CSBS officials said Congress has an important...
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The Commodity Futures Trading Commission (CFTC) adopted the final rule for the de minimis exception for swaps entered into by Insured Depository Institutions (IDIs) in connection with loans to custom...
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In advance of the Consumers First Act markup, the Consumer Bankers Association (CBA) forwarded a series of Consumer Financial Protection Bureau (CFPB) reform measures to the House Financial Services ...
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The U.S. Department of the Treasury announced this week that it has lowered the withholding underpayment threshold to 80 percent. This change – designed to provide more relief to taxpayers -- a...
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Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to address what the Securities and Exchange Commission noted as improper handling of pre-released American Depositary R...
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The Credit Union National Association (CUNA) recently offered some recommendations to the Federal Housing Finance Agency (FHFA) on its validation and approval process for credit score models. In a...
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Reps. Patrick McHenry (R-NC) and Blaine Luetkemeyer (R-MO), ranking member of the Consumer Protection and Financial Institutions Subcommittee, are seeking more time to consider the full range of cons...
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Federal Deposit Insurance Corporation (FDIC) officials will conduct an Advisory Committee on Community Banking meeting on March 28 to broach an array of topics. The meeting is open to the public a...
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CEOs have a less optimistic view of the economy in the next six months, according to the Business Roundtable’s Q1 2019 CEO Economic Outlook Index. The index is a composite of CEO expectations fo...
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The Securities and Exchange Commission (SEC) adopted amendments to update the disclosure requirements for public companies, investment advisers, and investment companies. The amendments are desig...
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The recently released Consumer Financial Protection Bureau (CFPB) annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) highlighted continued unlawful coll...
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Several banking industry groups, including the American Bankers Association, made recommendations to federal regulators on a proposal to establish a new way to calculate the amount of risk in derivat...
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Republican House Financial Services Committee members called last week for meaningful reform of the National Flood Insurance Program (NFIP). During a recent hearing focusing on the program's reaut...
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The emerging cannabis industry in Illinois could collapse if certain federal and state banking rules are not changed, Illinois State Treasurer Michael Frerichs said this week. Cannabis-related ban...
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The Securities and Exchange Commission’s (SEC) Strategic Hub for Innovation and Financial Technology (FinHub) will host a public forum in May focusing on distributed ledger technology (DLT) and dig...
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At a hearing held last week examining Financial Stability Oversight Council (FSOC) designations of nonbank financial companies as systemically important financial institutions (SIFIs), Paul Schott St...
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The American Council of Life Insurers (ACLI) favors a best interest standard of care initiative consistent with timely and substantial Securities and Exchange Commission (SEC) and state insurance reg...
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The Independent Community Bankers of America (ICBA) is encouraging Congress to require all entities handling personal information safeguard such similarly to how it is protected at financial insti...
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The Securities Industry and Financial Markets Association (SIFMA) voiced its support for the Securities and Exchange Commission’s (SEC) Best Interest Rule for financial brokers. The rule is desi...
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