In a new report, the Futures Industry Association (FIA) is calling on the futures and options industry to work together to improve the efficiency of the trading and clearing process for exchange-trade...
Read More
A Consumer Financial Protection Bureau (CFPB) report determined consumers residing in Black and Hispanic neighborhoods as well as younger consumers and those with low credit scores more commonly repor...
Read More
A group of lawmakers recently forwarded correspondence to congressional leadership, requesting increased Pell Grant funding in the Build Back Better Act. Officials said 80 legislators sent the lett...
Read More
U.S. Rep. Carolyn B. Maloney (D-NY) recently re-introduced legislation offering protection to businesses amid future pandemics or public health emergencies. The Pandemic Risk Insurance Act of 2021 ...
Read More
U.S. Rep. Tom Emmer (R-MN) said his re-introduction of the Main Street Growth Act (H.R. 5795) serves to boost the capital market structure while also creating jobs. Emmer also noted the measure wou...
Read More
A new report released by the President’s Working Group on Financial Markets (PWG), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) examines the ...
Read More
Legislation recently introduced in the U.S. House of Representatives would add retirement planning and saving information to the required financial counseling programs federal student aid recipients r...
Read More
U.S. Reps A. Donald McEachin (D-VA) and Rodney Davis (R-IL) introduced the Help Ensure Lower Patient (HELP) Copays Act (H.R. 5801) as a means of bolstering previous actions to reduce patient out-of-po...
Read More
An official from the Consumer Bankers Association (CBA) testified last week before the District of Columbia City Council Committee on Business and Economic Development in opposition to a proposal that...
Read More
The Consumer Financial Protection Bureau (CFPB) recently announced a new Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement. Lorelei Salas...
Read More
U.S. Sen. Jeff Merkley (D-OR) and Rep. Jared Huffman (D-CA) introduced last week legislation to address international financial institutions financing fossil fuel projects, which the legislators maint...
Read More
The Fixed Income Clearing Corporation (FICC) has agreed to pay an $8 million penalty to settle charges filed by the Securities and Exchange Commission (SEC) that it failed to have adequate risk manage...
Read More
U.S. Sens. Mike Crapo (R-Idaho) and Todd Young (R-IN) recently forwarded correspondence to the Social Security Administration (SSA) Acting Commissioner, seeking a status update regarding the agency's ...
Read More
Sen. Pat Toomey (R-PA) has introduced a bill that seeks to preserve commission-free trading by prohibiting the Securities and Exchange Commission (SEC) from banning payment for order flow. The Inve...
Read More
U.S. Sen. Bill Hagerty (R-TN) is urging Rohit Chopra, director of the Consumer Financial Protection Bureau, not to stifle innovation in the cryptocurrency space. “Digital ledger technology offer...
Read More
Congressional leaders did not include the provision requiring increased financial institution reporting to the Internal Revenue Service in the reconciliation legislation unveiled last week. The pr...
Read More