The Consumer Financial Protection Bureau (CFPB) settled with BSI Financial Services -- a mortgage servicer that had been hit with several violations. The Irving, Texas-based company violated the C...
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Federal financial regulators have issued new state loan-to-deposit ratios to be used to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These rat...
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The Securities and Exchange Commission (SEC) has selected Erin E. Schneider to lead its San Francisco Regional Office. Schneider, who joined the SEC staff in 2005 as a staff attorney in the San Fra...
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The Government Accountability Office (GAO) is recommending that the Consumer Financial Protection Bureau (CFPB) clarify which financial institutions have the authority to offer private student loan re...
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The U.S. House of Representatives advanced a bill last week designed to expand access to workplace retirement plans, particularly for small businesses. The Setting Every Community Up for Retiremen...
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A bipartisan group of legislators recently supported an effort favoring long-term, comprehensive reforms to the National Flood Insurance Program (NFIP). Sens. Bob Menendez (D-NJ) and Bill Cassidy ...
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The American Bankers Association (ABA) is among eight organizations advocating the Department of Labor (DOL) consider regulations expanding electronic delivery for retirement plan disclosures and noti...
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A bipartisan group of legislators recently urged the acting administrator of the U.S. Small Business Administration (SBA) to delay the implementation of the proposed rule titled, “Express Loan Progr...
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Findings from the Federal Reserve Bank of New York’s 2019 SCE Housing Survey determined households expect home prices to rise at a slower pace relative to last year. A majority of households cont...
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The membership of the North American Securities Administrators Association (NASAA) voted to adopt a rule to enhance the cybersecurity and privacy practices of state-registered investment advisers. ...
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Sens. Chris Murphy (D-CT) and Johnny Isakson (R-GA) reintroduced Tuesday legislation designed to aid Americans in retirement planning in advance while ensuring they do not outlive their savings. Th...
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In its Semiannual Risk Perspective for Spring 2019, the Office of the Comptroller of the Currency (OCC) outlined the key themes and risks for the federal banking system. The report said credit qua...
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SIFMA officials believe that federal programs are not meeting the demand to fix America’s infrastructure, which will lead to further delays in the maintenance of highways, bridges, hospitals, airpor...
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The American Securities Association (ASA) recently forwarded correspondence to the Securities and Exchange Commission (SEC) urging action to prevent identity theft. The ASA is seeking the removal o...
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The American Institute of Certified Public Accountants (AICPA) has made several key recommendations to the Internal Revenue Service (IRS) regarding accounting method changes for which automatic consen...
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Sen. Martha McSally (R-AZ) is encouraging the Senate Committee on Banking, Housing and Urban Affairs to provide small businesses relief regarding targeted banking regulations. During a recent Commi...
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The U.S. House of Representatives advanced a bill this week that would require the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terror...
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The Government Accountability Office (GAO) has offered the Federal Reserve and Federal Deposit Insurance Corporation (FDIC) a series of recommendations regarding supervision of bank management activit...
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The Investment Company Institute (ICI) has come out in support for the Financial Stability Oversight Council’s (FSOC) proposal on the treatment of systemic risk among nonbank financial companies. ...
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The American Council of Life Insurers (ACLI) is urging lawmakers to act on the Retirement Enhancement and Savings Act (RESA), which they said addresses challenges facing America’s retirement savers...
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