Sens. Bill Cassidy (R-LA) and Tim Scott (R-SC) introduced a resolution this week declaring April as Financial Literacy Month, highlighting the importance of learning and maintaining fiscally responsi...
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Consumer credit delinquencies were mixed in the fourth quarter, with delinquencies falling in six of the 11 categories tracked by ABA and rising in five categories, according to the American Bankers ...
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A bipartisan group of lawmakers recently introduced a bill designed to ensure legal cannabis businesses can access banking services. The Secure and Fair Enforcement (SAFE) Banking Act of 2019 woul...
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An Insured Retirement Institute (IRI) survey maintains retirement anxiety is growing among Baby Boomers, outlining 45 percent of Boomers have zero savings for their golden years. The analysis dete...
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The U.S. House of Representatives advanced a bill to reform and restructure the Internal Revenue Service (IRS) as a service-first agency to better serve taxpayers. The Taxpayer First Act (H.R. 19...
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Rep. Lee Zeldin (R-NY) recently joined congressional colleagues and small businesses in seeking permanent H-2B visa reform. The H-2B visa nonimmigrant program permits employers to hire foreign wor...
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The Federal Reserve Board is seeking public comment on proposed regulations designed to more closely match the rules for foreign banks with the risks they pose to the U.S. financial system. The p...
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The Securities and Exchange Commission (SEC) has launched a public service campaign designed to help investors take control of their financial future. “Main Street investors around the country h...
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U.S. Sens. Pat Toomey (R-PA) and Chris Murphy (D-CT) recently announced the introduction of legislation that aims to provide support to small businesses by removing restrictions from individuals who ...
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The American Bankers Association (ABA) along with several industry trade associations are urging the Consumer Financial Protection Bureau (CFPB) to continue to allow banks to provide estimates of pri...
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Federal financial regulators have updated the current expected credit loss (CECL) standard's frequently asked questions (FAQ) document, assisting institutions and examiners in clarifying CECL resourc...
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U.S. Sens. Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Jeff Merkley (D-OR), and Jack Reed (D-RI) introduced legislation to curb high interest rates for credit cards and loans. The Empower...
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Sens. Dick Durbin (D-IL) and Tim Kaine (D-VA) introduced last week a bill seeking to increase funding, training and support for the more than 34 million family caregivers. The Supporting America...
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The North American Securities Administrators Association (NASAA) voiced its support for several legislative proposals that promote investor confidence and greater corporate accountability. At a he...
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The U.S. Chamber of Commerce has released survey findings determining main street businesses depend on financial system diversity and choice to access needed growth resources. The analysis stems f...
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Sens. Rob Portman (R-OH), Ben Cardin (D-MD), Roy Blunt (R-MO), Sherrod Brown (D-OH), Bill Cassidy (R-LA) and Bob Menendez (D-NJ) recently introduced a bill designed to give the Work Opportunity Tax C...
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The federal banking agencies proposed a rule this week to reduce the impact from failure of the largest banks. The largest banks – known as global systemically important bank holding comp...
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Maryann Kennedy has been named the Office of the Comptroller of the Currency's (OCC) Senior Deputy Comptroller for Large Bank Supervision. “Maryann brings great experience and talent to this new...
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U.S. Sens. Chuck Grassley (R-IA) and Ron Wyden (D-OR) introduced legislation that would improve retirement plans for employers and employees. The Retirement Enhancement and Savings Act of 2019 (RE...
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Lawmakers on the House Ways & Means Committee introduced legislation last week to help Americans increase their retirement savings and improve the portability of funds from one plan to another. ...
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