Economic expansion in the United States is expected to continue, even though downside risks are growing, according to the Economic Advisory Committee of the American Bankers Association. The econom...
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Sens. Marco Rubio (R-FL), Ron Wyden (D-OR) and Sheldon Whitehouse (D-RI) recently reintroduced the Corporate Transparency Act, maintaining the measure would prevent individuals from using shell compan...
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The Financial Stability Board (FSB) Chair Randal Quarles updated G20 Leaders on the implementation of financial regulatory reforms and other vital issues. Quarles highlighted several major themes ...
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Reps. Ron Estes (R-KS) and Terri Sewell (D-AL) introduced this week a bill designed to address unqualified tax preparers. The measure protects taxpayers by allowing the IRS to remove such persons f...
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The heads of the leading U.S. and U.K. financial oversight organizations announced that they will collaborate to address concerns in the credit derivatives market. The issue at hand deals with manu...
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Sen. Sherrod Brown (D-OH) is expressing displeasure with National Credit Union Administration’s (NCUA) decision to delay implementing its risk-based capital rule protecting the credit union system a...
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The Securities Industry and Financial Markets Association (SIFMA) expressed concerns about proposals by the federal regulators to revise the prudential standards for U.S. operations of foreign banks. ...
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Federal Reserve Board officials said financial system supervisory stress test results determined institution’s remain resilient. “The nation's largest banks are significantly stronger than befo...
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The average large 401(k) plan offered 27 investment options -- including a mix of equity funds, bond funds, and target date funds, according to a recent study by BrightScope and the Investment Company...
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Sen. John Kennedy (R-LA) has crafted a bill designed to enhance retirement savings plan options while simplifying the process. Kennedy said the measure would make it easier and less expensive for s...
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The leadership of the American Property Casualty Insurance Association (APCIA) recently commended the Senate Banking Committee for holding today’s hearing on the reauthorization of the Terrorism Ris...
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The National Association of Federally-Insured Credit Unions (NAFCU) is supporting legislative efforts to strengthen and reform the Bank Secrecy Act (BSA) laws while combating illicit activity. In c...
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The Securities and Exchange Commission (SEC) has amended rules on determining whether an auditor is independent when he or she has a lending relationship with certain shareholders of an audit client. ...
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The Securities Industry and Financial Markets Association (SIFMA) is offering a dissenting opinion regarding New Jersey’s proposed rule to create a state fiduciary standard. “To best protect in...
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The Financial Stability Board (FSB) published a progress report on the principles and standards for sound compensation practices in financial institutions. The report examined how compensation prac...
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A bipartisan group of senators recently introduced a bill designed to expand credit access opportunities for Americans. Sens. Angus King (I-Maine), Joe Manchin (D-WV), Tim Scott (R-SC), Doug Jones ...
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The U.S. House of Representatives advanced last week the Taxpayer First Act, which proposes several changes to the Internal Revenue Service. The bill would establish an independent office of appeal...
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Rep. Carolyn B. Maloney (D-NY), chair of the House Committee on Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, introduced legislation designed to ensure ...
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A coalition of U.S. senators recently demanded that the Consumer Financial Protection Bureau (CFPB) rescind its proposal to reduce reporting requirements under the Home Mortgage Disclosure Act (HMDA)....
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The House Committee on Financial Services has voted to advance the Housing Financial Literacy Act of 2019, which is designed to aid first-time homebuyers. The measure, introduced by Rep. Joyce Beat...
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