Sen. Sherrod Brown (D-OH) has forwarded correspondence to Federal Reserve Chair Jerome Powell, encouraging the panel to take no further banking industry deregulation action until Board nominations are...
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Rep. Bill Huizenga (R-MI) introduced legislation recently that seeks to reform the Public Company Accounting Oversight Board (PCAOB). The Streamlining Public Company Accounting Oversight Act would ...
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U.S. Rep. Brian Mast (R-FL) introduced a bill that would reduce federal spending by $480 billion, which is the amount of the proposed debt ceiling increase. Mast introduced a bill on Oct. 12 he cal...
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A group of Democrats in the U.S. House of Representatives introduced legislation last week to expand and enhance unemployment insurance benefits. The Unemployment Insurance Improvement Act, H.R. 5...
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Rep. Rodney Davis (R-IL) said the Social Security Fairness Act (SSFA) he introduced in the House of Representatives has been co-sponsored by 229 members and represents a House majority. The legisl...
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Three companies, EBA CLEARING, SWIFT and The Clearing House (TCH) are working together to ease the cross-border payments process. The new initiative, called Immediate Cross-Border Payments (IXB), i...
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The Financial Stability Board (FSB) has issued a series of policy proposals that seek to bolster money market funds (MMF) resilience. Recommendations designed to address the potential for destabili...
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The National Association of Federally-Insured Credit Unions (NAFCU) signed an agreement with the U.S. Small Business Administration (SBA) that strengthens credit unions' ability to fund loans for smal...
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Sen. Marco Rubio (R-FL) said he has introduced legislation requiring the Department of Housing and Urban Development (HUD) to provide greater transparency regarding flood zone property purchases. Off...
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A pair of New York entities said they have earmarked $25 million in support of providing banking services within underserved and low-income communities statewide. Officials said the New York State De...
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In a new research paper from Republicans on the Congressional Joint Economic Committee, evidence is presented that inflation could worsen if Congress continues to push government spending higher. ...
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Department of Justice officials said the creation of a National Cryptocurrency Enforcement Team (NCET) would draw on the agency's cyber and money laundering expertise to address cryptocurrency platfor...
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U.S. Rep. Maxine Waters (D-CA), chair of the U.S. House Financial Services Committee, is urging President Joe Biden and Democratic congressional leaders to include the Committee-passed housing provisi...
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A group of lawmakers have requested the Government Accountability Office (GAO) determine how the Centers for Medicare and Medicaid Services can identify and prevent premium tax credits or PTC fraud. ...
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U.S. Rep. Patrick McHenry (R-NC) is sponsoring legislation that seeks to ensure that the U.S. regulatory framework provides a “safe harbor” for startup digital asset projects, while maintaining im...
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The National Association of Insurance Commissioners’ (NAIC) has composed a report examining the insurance industry's potential to aid in filling the infrastructure investment gap. The NAIC said its...
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The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) maintains, via recently released study findings, stock buybacks benefit investors, reduce volatility and promote effi...
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The International Swaps and Derivatives Association (ISDA) has issued a new standard definitional booklet for interest rate derivatives. The 2021 ISDA Interest Rate Derivatives Definitions is desig...
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U.S. Sen. Elizabeth Warren (D-MA) is urging the Securities and Exchange Commission (SEC) to investigate ethically questionable transactions made by top Federal Reserve officials to determine if they v...
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The Consumer Bankers Association (CBA) sent a letter to the Consumer Financial Protection Bureau (CFPB), advocating for the highest level consumer protections, particularly in the fintech lending mark...
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