Legislation recently introduced in the U.S. House of Representatives seeks to require regulatory agencies to develop a framework to better calculate risk in the options markets. The bill – the Op...
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A group of Republican senators recently urged colleagues to pass legislation they said is designed to expand retirement plan access for millions of Americans. Sen. Tim Scott (R-SC) recently joined ...
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Mutual fund boards maintain strong governance practices to safeguard shareholders’ interests, according to a new report by the Independent Directors Council (IDC) and Investment Company Institute (I...
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The House Committee on Education and Labor has introduced a measure designed to overhaul the higher education system by lowering the cost of college for students and families. Lawmakers said the Co...
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CME Group will become the first derivatives marketplace to offer real-time futures and options market data on Google Cloud Platform (GCP). Through this agreement, CME Group customers will be able t...
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Rebekah Goshorn Jurata has been appointed by the Securities and Exchange Commission (SEC) to serve on the Public Company Accounting Oversight Board (PCAOB). Jurata, whose term will expire on Oct. 2...
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Recently released Financial Industry Regulatory Authority (FINRA) study findings determined investors with low levels of financial knowledge lack confidence in their ability to meet their financial go...
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The Federal Reserve Board finalized rules last week that reduce compliance requirements for banks with less risk while maintaining more stringent requirements for the largest and most complex banks. ...
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The Securities and Exchange Commission (SEC) has formed a new Asset Management Advisory Committee. The committee was established to provide the commission with diverse perspectives on asset managem...
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The Credit Union National Association (CUNA) is supporting President Donald Trump’s recent issuance of an executive order requiring regulatory agencies to seek comment on federal guidance and enhanc...
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The Department of the Treasury and Internal Revenue Service (IRS) have issued a series of proposed regulations the agencies said are designed to address taxpayer regulatory relief initiatives. Th...
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Federal financial regulators have finalized changes to the Volcker rule that are designed to simplify compliance requirements. The Volcker rule, which was established as part of the Dodd-Frank Act,...
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The U.S. House of Representatives filed an amicus brief with the U.S. Supreme Court in support of the independence of the Consumer Financial Protection Bureau (CFPB). The brief, filed in the case o...
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The Government Accountability Office (GAO) has issued the Internal Revenue Service (IRS) a series of recommendations to address identifying tax-exempt entity abusive schemes. The GAO’s analysis d...
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A survey of community banks revealed that cybersecurity is their top concern. The sixth annual community bank survey, conducted by the Conference of State Bank Supervisors (CSBS), revealed that 70 ...
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The Insured Retirement Institute (IRI), Allianz Life, and LifeYield LLC recently crafted an analysis regarding the significant transformation taking place in the financial services industry. Impro...
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The board of the Financial Industry Regulatory Authority (FINRA) approved several new rules at its meeting last month in New York. Among the new rules, the board approved an amendment to provide p...
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The National Federation of Independent Business (NFIB) has released findings of the most recent survey assessing the effectiveness of the Tax Cuts and Jobs Act. “This new data confirms what smal...
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The Business Roundtable commended the U.S. Senate for introducing the Student Aid Improvement Act of 2019 The bill would expand the opportunity for more Americans to access higher education and wor...
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Findings generated from a LexisNexis Risk Solutions analysis determined lending fraud financially impacts smaller banks, credit unions, and digital lenders at twice the rate of larger competitors. ...
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