The Insured Retirement Institute (IRI) is urging the Massachusetts Securities Division to delay action on a proposed state regulation governing professional financial advice to consumers. The Massa...
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Rep. Maxine Waters (D-CA) has introduced the Federal Housing Administration (FHA) Foreclosure Prevention Act of 2019, requiring the Department of Housing and Urban Development to address FHA mortgage ...
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The Consumer Financial Protection Bureau (CFPB) is seeking feedback on a proposed rule related to the “GSE patch.” Specifically, the rule is related to the expiration of the temporary qualified...
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Conference of State Bank Supervisors (CSBS) personnel maintain state financial regulators possess the expertise, data, and real-time insight into how companies are interacting with consumers and funct...
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The Independent Community Bankers of America (ICBA) is calling on the Federal Reserve to develop a real-time payments settlement system to avoid a megabank monopoly. The Federal Reserve is uniquel...
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During recent testimony before the Senate Banking Committee, the American Bankers Association (ABA) encouraged the Senate to advance legislation providing cannabis-related businesses access to the reg...
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The House Committee on Small Business held a hearing this week that explored the impact of the Tax Cuts and Jobs Act on small business. The hearing -- titled “Is the Tax Cuts and Jobs Act a Help ...
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House lawmakers advanced this week the Stopping Bad Robocalls Act, noting the bill serves as legislator’s latest attempt to curb fraudulent robocalls. The legislation contained language amended i...
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U.S. Sens. John Thune (R-SD) and Ben Cardin (D-MD) are sponsoring legislation to reform the tax code for S corporations. An S corporation, in general, does not pay any income taxes. Instead, the in...
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North American Securities Administrators Association (NASAA) officials are touting the benefits of regulators and industry convening in the coming months to discuss this year's theme, "100 Years of Pr...
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Federal bank regulatory agencies along with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) have issued a joint statement on their plan to improve transparency in...
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Equifax has reached a data breach settlement with the Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC) and 48 states, the District of Columbia and Puerto Rico. The ...
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Legislation introduced in the U.S. House of Representatives last week seeks to reform the supervision of credit reporting agencies. The bill, introduced by Rep. Patrick McHenry (R-NC), is designed ...
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Sens. Dianne Feinstein (D-CA), Dick Durbin (D-IL) and Jack Reed (D-RI) introduced last week a measure designed to eliminate corporate inversions, which allow companies to shift corporate citizenship t...
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Sen. Dianne Feinstein (D-CA) expressed concerns over Facebook’s plan to create a new digital currency called Libra, which she said could create a “shadow financial system.” Feinstein sent a ...
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Rep. Lauren Underwood (D-IL) joined a bipartisan group of lawmakers seeking to overturn Treasury Department regulations seeking to restrict state and local taxes (SALT) deductibility guidelines. L...
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The Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Forum (FFS) weighed in on a proposal by the Federal Reserve Board to alter the rules about the control of a...
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The House Committee on Financial Services recently conducted a markup of eight bills legislators said would benefit consumers and investors disaster relief funding programs. “I am pleased to say ...
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The Federal Deposit Insurance Corporation (FDIC) board approved new rules designed to simplify the process for making insurance determinations when a bank is placed into receivership. "Timely acce...
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Sens. Todd Young (R-IN), Pat Toomey (R-PA) and Tom Cotton (R-AR) introduced Monday a bill designed to ensure federal funds cannot be used to help state, territory or local governments pay off obligati...
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