The Consumer Financial Protection Bureau’s latest quarterly consumer credit trends report probed the nuances of consumer bankruptcy trends and its wide-ranging impact. The analysis describes how ...
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Democratic Senators introduced a bill to increase accountability and enhance transparency on data brokers like Equifax that collect and sell personal information about consumers. The Data Broker A...
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The Independent Community Bankers of America (ICBA) testified in front of two Congressional committees this week to speak in support of the Federal Reserve’s decision to build a real-time payments s...
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Sen. Michael Bennet (D-CO) recently applauded the House of Representatives’ advancement of the SAFE Banking Act of 2019, noting it addresses issues in medicinal or recreational cannabis states. B...
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The Depository Trust & Clearing Corporation (DTCC) issued a new white paper that calls for the financial industry to make business resilience, an organization’s ability to safeguard its critical ser...
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Department of Labor recently established the final Fair Labor Standards Act (FLSA) rule, making 1.3 million workers eligible for overtime pay under the statute. The action updates the earnings thre...
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The Senate Financial Services and General Government Appropriations Committee earmarked $2 million in Trade Based Money Laundering (TBML) risk assessment funding in the FY 2020 budget. The $2 mill...
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Legislation designed to promote greater inclusion in the nation’s financial system has been advanced out of the Financial Services Committee for full House of Representatives consideration. Reps....
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A bill recently introduced in Congress would require publicly-traded companies to pay out a “worker dividend” if it does a stock buyback. The stock buyback is an increasing trend among corporat...
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The House of Representatives recently advanced legislation introduced by Reps. Ben McAdams (D-UT) and Bill Huizenga (R-MI) designed to provide federal securities officials with more time to recover il...
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The Securities and Exchange Commission (SEC) is setting new recordkeeping and reporting requirements for security-based swap dealers. Under the updated rules, companies will be required to create ...
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A group of financial trade organizations recently expressed support of the Secure and Fair Enforcement (SAFE) Banking Act of 2019, which will soon be under House of Representatives consideration. ...
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The Business Roundtable is encouraging the Organization for Economic Co-operation and Development (OECD) to avoid creating barriers to cross-border investment as it considers changes to certain intern...
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The Consumer Financial Protection Bureau’s (CFPB) recently released Innovation Insight report offers a look into the relationship between subjective financial well-being and objective credit report ...
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The Securities and Exchange Commission (SEC) has proposed to update the statistical disclosures that banks and savings and loans companies provide to investors. Further, the SEC rule would eliminat...
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During a Facebook town hall meeting Monday, Sen. Sherrod Brown (D-OH) stated that Congress should not approve tax legislation that fails to benefit working families financially. “We have an oppor...
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Independent Community Bankers of America (ICBA) is calling upon federal banking regulators to finalize their rules regarding “Capital Simplification for Qualifying Community Banks.” Specifical...
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Florida officials have launched an effort designed to encourage the start, relocation, and expansion of financial technology (FinTech) companies within the state. Florida Gov. Ron DeSantis made the...
Read MoreThe U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee (MRAC) approved plain English disclosures for new derivatives referencing the London Interbank Offered Rate (LIBOR) and...
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The Small Business Administration (SBA) has awarded $18 million in grant funds to 41 state international trade agencies via the State Trade Expansion Program (STEP) to support export growth. “SBA...
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