A group of 20 Democratic members of the House of Representatives has expressed their concerns to Speaker of the House Nancy Pelosi (D-CA) and Chairman of Ways and Means Richard Neal (D-MA) on the new ...
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U.S. Sen. Sherrod Brown (D-OH), along with several other Senate Democrats, introduced a bill that would prohibit Federal Reserve officials from trading individual stocks. The Ban Conflicted Tradin...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, has issued an updated version of the Billionaires Income Tax, which he said would ensure billionaires pay tax annually. “There a...
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Rep. Tom Emmer (R-MN) introduced legislation Monday to create a Consumer Financial Protection Bureau (CFPB) whistleblower protection program. “Instead of fear of retribution, retaliation, or fina...
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The Consumer Bankers Association (CBA) and Small Business Financial Exchange (SBFE) have released a report determining that multiple rounds of federal relief and lender assistance programs have had a ...
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U.S. Sen. Rob Portman (R-OH) was among 13 Republicans on the Senate Finance Committee Republicans expressing concerns with the increase in improper Medicaid payments. The November 2020 Medicaid Pay...
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Federal Reserve Board announced plans to host a series of diversity and inclusion conferences in November focusing on various topics. The efforts would address underrepresented group experiences am...
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The U.S. House of Representatives passed the Financial Exploitation Prevention Act this week. The bill ((HR 2265), sponsored by U.S. Rep Ann Wagner (R-MO), would give the financial industry bette...
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The U.S. Department of Labor’s Employee Benefits Security Administration has issued a temporary enforcement policy on prohibited transaction rules applicable to investment advice fiduciaries. On ...
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The House Financial Services Committee announced this week that the House of Representatives advanced four bills introduced by committee members. U.S. Rep. Maxine Waters (D-CA), committee chairwoma...
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Leading Republicans on the Senate Finance Committee and House Ways and Means Committee have taken issue with the Biden Administration’s stance on tariffs and digital services taxes. Last week, th...
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A group of legislators recently introduced a measure that would prevent the Internal Revenue Service (IRS) from gaining access to Americans' financial transaction information. U.S. Sens. Tim Scott ...
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U.S. Reps. Patrick McHenry (R-NC) and James Comer (R-KY) forwarded correspondence last week to Postmaster General Louis DeJoy expressing concerns regarding a United States Postal Service (USPS) pilot ...
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The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) took disciplinary action against a bank that they allege discriminated against Black and Hispanic neighborhoods. ...
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The Consumer Financial Protection Bureau (CFPB) is seeking information on the business practices of large technology companies operating payments systems. As online commerce and electronic payment...
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A new report from the federal Financial Stability Oversight Council (FSOC) has identified climate change as an emerging and increasing threat to U.S. financial stability. The report includes sever...
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Federal Reserve Board officials said the panel's Survey of Finance Companies slated this month will aid in assessing nationwide credit availability to households and businesses. "These data improve...
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A group of Democratic lawmakers introduced a bill in Congress that seeks to reform the private equity industry. The Stop Wall Street Looting Act would reform private equity in several ways. Specifi...
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U.S. Sen. Sherrod Brown (D-OH) is urging the new head of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, to review the tenant screening industry to protect renters. In April, Brown,...
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Washington State Insurance Commissioner Mike Kreidler is targeting Jan. 1, 2022, as the effective date for a permanent rule temporarily banning credit scores for insurance policies for three years. ...
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