A group of financial industry organizations is joining forces to accelerate the U.S. securities settlement cycle from T+2 to T+1. The collaborating organizations -- Investment Company Institute (I...
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The Conference of State Bank Supervisors (CSBS) has endorsed a Senate resolution to strike down the Office of the Comptroller of the Currency’s (OCC) true lender rule. CSBS officials sent a let...
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The Consumer Bankers Association (CBA) said findings from the J.D. Powers 2021 U.S. Retail Banking Satisfaction Study affirm the industry's focus on aiding consumers amid the COVID-19 pandemic. CBA...
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The Federal Housing Finance Agency (FHFA) is offering low-income borrowers with Fannie Mae and Freddie Mac (the Enterprises), single-family mortgages a new refinance option. The FHFA indicated elig...
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U.S. Sens. Mike Crapo (R-ID) and Jim Risch (R-ID) introduced legislation that would provide a bonus for workers who can safely return to work. The Back to Work Bonus Act bill is designed to counte...
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U.S Reps. Tim Walberg (R-MI) and Jamie Raskin (D-MD) introduced legislation seeking to reform U.S. civil asset forfeiture laws. The Fifth Amendment Integrity Restoration Act (H.R. 2857), or FAIR Ac...
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Findings derived from The Harris Poll on behalf of the American Institute of CPAs (AICPA) maintain since the COVID-19 pandemic began, young adults are heavily impacted by financial stress. Official...
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The Consumer Financial Protection Bureau (CFPB) is delaying the General Qualified Mortgage (QM) final rule mandatory compliance date, citing preservation of consumer access and flexibility amid the CO...
Read MoreThe National Association of Federally-Insured Credit Unions (NAFCU) issued a statement this week on a housing reform bill introduced in Congress as it relates to credit unions. While the bill, the...
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Sens. Mike Crapo (R-ID) and Sheldon Whitehouse (D-RI) released a discussion draft of an energy tax proposal to encourage innovation in the clean energy sector. The draft bill calls for the creatio...
Read MoreThe U.S. Department of the Treasury is commending the United Kingdom’s establishment of a Global Anti-Corruption Sanctions program. Treasury Secretary Janet Yellen recently praised the initiative...
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The Securities and Exchange Commission's (SEC) Small Business Capital Formation Advisory Committee is slated to explore methods of increasing underrepresented founders and smaller investor's capital a...
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A group of lawmakers recently urged President Joe Biden to prioritize unemployment insurance reform in the upcoming American Family Plan. “The COVID-19 pandemic has revealed many cracks in our co...
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The Insured Retirement Institute (IRI) supports a bill introduced in the House last week that would establish American Infrastructure Bonds to help municipalities fund infrastructure projects. The...
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The Commodity Futures Trading Commission (CFTC) has awarded a whistleblower approximately $3 million for a tip resulting in the CFTC opening an investigation that yielded enforcement action. “Thi...
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The Federal Deposit Insurance Corporation (FDIC) has issued proposed guidance regarding statutory authority prohibiting FDIC deposit insurance misrepresentation or name or logo misuse. The statutor...
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A bill was introduced in the U.S. Senate that would eliminate barriers that businesses and their owners face in establishing S corporations owned by Employee Stock Ownership Plans (S-ESOPs). The Pr...
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A bipartisan group of U.S. Senators introduced legislation that would create a new class of municipal bonds to help governments finance infrastructure and other public projects. The American Infras...
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Three government agencies recently provided a status update regarding Economic Impact Payments from the American Rescue Plan, noting nearly 2 million payments in the sixth batch. The Department of ...
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Securities and Exchange Commission (SEC) officials said Alex Oh has been appointed Director of the Division of Enforcement. “Our capital markets – and the broader economy – thrive when there ...
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