TD Bank's Student Debt Impact Survey results have determined loan payments have a dramatic impact on young adults' daily finances, placing their long term financial health in flux. “The results o...
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In the wake of regulators noticing a rise in potential crypto-related frauds, the North American Securities Administrators Association (NASAA) has opened probes into questionable cryptocurrency-relate...
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The Securities and Exchange Commission (SEC) is seeking to update the disclosures that registrants are required to make under Regulation S-K. Regulation S-K is a rule that provides requirements f...
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A newly released American Bankers Association (ABA) report maintains just over eight in 10 banks believe social media is important and are active on their social media accounts. “It’s remarkabl...
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New York’s Department of Financial Services (DFS) said last week it is leading a multistate investigation of the payroll advance industry as a means of examining unlawful online lending allegations....
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A recently released Investment Company Institute (ICI) study has found that workers’ participation in employer-sponsored retirement plans is significantly higher than suggested by some commonly cite...
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U.S. Sen. Jerry Moran (R-KS) recently expressed concerns with the Board of Governors of the Federal Reserve System about the increasing problem of wire fraud through business e-mail compromise and e-m...
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Sen. Sheldon Whitehouse (D-RI) and Rep. David N. Cicilline (D-RI) recently touted the benefits of a bill designed to streamline bankruptcy procedures while providing tools aiding business owners’ ab...
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Securities and Exchange Commission (SEC) officials will host a Main Street investors event later this month in Chicago, as part of the SEC’s ongoing investor engagement and education efforts. “...
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The Federal Reserve Board announced the launch of a new real-time payment and settlement service, called the FedNow. Federal Reserve Banks will develop the service. The payment service will enable ...
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The Federal Reserve’s recent decision to move forward on building a real-time payments system has drawn plaudits from lawmakers. Sens. Chris Van Hollen (D-MD) and Elizabeth Warren (D-MA) and Rep...
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The Consumer Financial Protection Bureau (CFPB) is extending the comment period on its proposed rule changes related to the Fair Debt Collection Practices Act (FDCPA). The proposal is designed to ...
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A Teachers Insurance and Annuity Association (TIAA) sponsored study maintains student loan debt has a significant impact on retirement savings, longevity planning, and family relationships. The eff...
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Sens. Ron Wyden (D-OR) and Jeff Merkley (D-OR) introduced legislation last week banning retroactive taxation, preventing states from imposing sales tax collection responsibilities on sellers for any s...
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The U.S. House Judiciary Committee is considering a newly proposed bill sponsored on July 30 by U.S. Rep. Ken Calvert (R-CA) to reform the Americans with Disabilities Act (ADA) for America’s small b...
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Multiple U.S. states have signed on to an agreement that standardizes key elements of the licensing process for money transmitters and money service businesses. The agreement calls for one state re...
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Sen. Ben Cardin (D-MD) has introduced two pieces of legislation designed to empower entrepreneurs in underserved communities. Cardin said the Closing the Credit Gap Act and the Unlocking Opportunit...
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Lawmakers said this week that more needs to be done to protect banks and financial services firms from hackers following a massive data breach at Capital One that impacted some 100 million customers. ...
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The Federal Deposit Insurance Corporation (FDIC) has published its 2019 Risk Review, which officials said highlights emerging risks and exposures in the banking system. “The FDIC is committed to...
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