A vital part of the Commodity Futures Trading Commission’s Data Protection Initiative has been completed, CFTC Commissioner Dawn Stump announced this week. The initiative is designed to help the...
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A summary explaining federal and state securities laws relating opportunity zone investments was released by the Securities and Exchange Commission and the North American Securities Administrators Ass...
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The Securities and Exchange Commission is encouraging market participants to transition away from using the London Interbank Offered Rate (LIBOR) as a reference for setting the interest rates on loans...
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The Homebuyer Assistance Act of 2019 has been advanced by the House Financial Services Committee, with officials maintaining the measure would make it easier for homebuyers to buy a home. The bill,...
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U.S. Rep. Nita Lowey (D-NY), along with New York State leaders, are urging the House Committee on Ways and Means to eliminate the cap on the state and local tax (SALT) deduction. The cap was instit...
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The Business Roundtable has issued a government and industry-centric plan designed to address methods of strengthening digital identity while reducing identity theft and fraud. “With digital iden...
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The Federal Reserve System released a report on the potential hazards of synthetic identity payments fraud. This fast-growing problem – which affects individuals, financial institutions, governme...
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Rep. Sean Casten (D-IL) and Sen. Elizabeth Warren (D-MA) recently touted the potential benefits of the Climate Risk Disclosure Act of 2019, which would require public companies to disclose key informa...
Read MoreThe Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have both approved a proposal to align the minimum margin on security futures with similar financial pr...
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Five federal financial regulatory agencies have adopted a guideline excluding community banks from the Volcker Rule. The Volcker Rule generally restricts banking entities from engaging in proprieta...
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The U.S. Commodity Futures Trading Commission (CFTC) released a report that examines the swap dealer de minimis exception – with a focus on on-venue and cleared swaps. The report, presented by th...
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The Government Accountability Office (GAO) has offered the Internal Revenue Service (IRS) and Department of Labor (DOL) recommendations regarding exemption oversight of prohibited IRA transactions. ...
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The Securities and Exchange Commission (SEC) approved a proposal to align the minimum margin on security futures with other financial products that are similar. The proposed rule sets the minimum m...
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The American Bankers Association (ABA) recently provided the Internal Revenue Service (IRS) with feedback regarding the Opportunity Zones tax incentive, noting there are several operational issues to ...
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A group of lawmakers recently participated in a briefing yielding insight into the Financial Crimes Enforcement Network’s (FinCEN) use of artificial intelligence (AI) and machine learning (ML) techn...
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Commodity Futures Trading Commission (CFTC) officials said two whistleblowers have garnered awards totaling $2 million for providing the agency with significant information prompting the CFTC to open ...
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Legislation that would wipe out outstanding student loan debt for veterans who were permanently disabled in service was introduced in the U.S. Senate. Currently, veterans who are deemed “totally ...
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The Financial Services Forum recently forwarded correspondence to the Financial Stability Board (FSB) regarding the effects of reforms agreed by the G-20 following the global "too-big-to-fail" financi...
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More market awareness is needed to prevent another financial crisis, a recent survey of certified public accountants (CPAs) by the American Institute of CPAs (AICPA) found. Specifically, 53 percen...
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Efforts to foster collaboration in support of minority depository institution’s (MDIs) continued vibrancy took center stage at a recent Federal Deposit Insurance Corporation (FDIC) roundtable event....
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