Sen. Marco Rubio (R-FL), chairman of the Senate Committee on Small Business and Entrepreneurship, introduced Wednesday a pair of measures designed to address small cybersecurity threats. The SBA C...
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U.S. Sens. John Thune (R-SD) and Ron Wyden (D-OR) introduced a bill to prevent duplicative taxes on digital goods and services, including online downloads of music, literature, movies, mobile apps, a...
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U.S. Reps. Lee Zeldin (R-NY) and Vicente Gonzalez (D-TX) introduced a bill this week that would give the National Credit Union Administration (NCUA) greater flexibility in setting loan maturity limit...
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The Government Accountability Office (GAO) has issued the Consumer Financial Protection Bureau (CFPB) a series of recommendations regarding sharing lender alternative data insight. The GAO is reco...
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The Mortgage Bankers Association released a report this week detailing changes it proposes to the Consumer Financial Protection Bureau (CFPB). The paper, called The Roadmap to CFPB 2.0, seek...
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The Independent Community Bankers of America (ICBA) recently released a report detailing why policymakers should close a legal loophole associated with industrial loan operations. “The industria...
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The podcast What Bitcoin Did from U.K.-based bitcoin and cryptocurrency trader and blogger Peter McCormick recently completed a series of interviews on the collapse of cryptocurrency exchange Mt. G...
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U.S. Rep David Scott (D-GA) was named co-chair of the Congressional FinTech and Payments Caucus (CFTPC). This is Scott’s third consecutive term as co-chair. Rep. Barry Loudermilk (R-GA) was name...
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Sens. Cory Booker (D-NJ) and Brian Schatz (D-HI) recently reintroduced legislation they said is designed to reverse the nation's expanding student debt crisis. Booker and Schatz, co-sponsors of th...
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The Consumer Bankers Association (CBA) is asking the Consumer Financial Protection Bureau (CFPB) and the Department of Education to improve federal student loan disclosures. CBA president and CEO...
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Reps. Ed Perlmutter (D-CO) and Denny Heck (D-WA) introduced last week legislation designed to specifically address cannabis banking issues. The Secure and Fair Enforcement (SAFE) Banking Act of 20...
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The American Council of Life Insurers (ACLI) is offering feedback regarding the Increasing Access to a Secure Retirement Act, which officials said is designed to enhance workers’ retirement plans. ...
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The Financial Stability Oversight Council is seeking public comment on proposed guidance regarding nonbank financial company designations. Under this guidance, FSOC would perform a cost-benefit a...
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The Securities and Exchange Commission (SEC) hit BB&T Securities with a penalty and ordered them to return money to investors as part of an enforcement action against a firm the company acquired....
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Sens. Brian Schatz (D-HI) and Chris Van Hollen (D-MD) joined Rep. Peter DeFazio (D-OR) to introduce the Wall Street Tax Act, which they said creates a progressive tax on financial transactions while ...
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The Consumer Financial Protection Bureau (CFPB) issued advanced notice of proposed rulemaking on residential property assessed clean energy (PACE) financing. The information solicited help the CFP...
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The Commodity Futures Trading Commission (CFTC) has granted a $2 million whistleblower award to an individual for both a CFTC action and a related action brought by another federal regulator. “T...
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U.S. Sen. Sherrod Brown (D-OH) introduced legislation last week that would end the practice of forced arbitration and allow consumers to file class action suits against financial companies. The Ar...
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A group of legislators introduced last week a measure designed to bolster greater cyber transparency, security, and data privacy initiatives. Sens. Jack Reed (D-RI), Susan Collins (R-ME), Mark War...
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A coalition of financial industry groups, including the American Bankers Association, are opposed to a bill introduced in the U.S. House of Representatives that would impose a tax to fund a border wa...
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