The Federal Reserve has updated its Federal Reserve Payments Study (FRPS) to include a recent surge in remote and contactless payments. Specifically, changes in card payments and increased adoptio...
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U.S. Rep. Maxine Waters (D-CA), chairwoman of the U.S. House Financial Services Committee, expressed concerns over Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams’ attempts to bloc...
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A group of lawmakers expressed support for the Biden Administration’s student loan payment pause extension while calling on President Joe Biden cancel $50,000 in federal student debt for borrowers. ...
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Senate Finance Committee Republicans are calling for the Treasury Department to analyze the recent Organisation for Economic Co-operation and Development (OECD) agreement. Ranking Member Mike Crapo...
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The Securities and Exchange Commission (SEC) has appointed William A. Birdthistle as its new director of the Division of Investment Management. Birdthisle joins the SEC from the Chicago-Kent Colle...
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U.S. Sen. Marco Rubio (R-FL) is working to drum up support in the U.S. Senate for his bill that aims to prohibit American investment in Chinese companies that pose a threat to national security. T...
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The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) are working to provide legal housing protections for military families amid the COVID-19 pandemic. Authorities indica...
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The National Association of Insurance Commissioners (NAIC) released a report this week on profitability in the property and casualty insurance industry, which found that total premiums earned increase...
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The American Property Casualty Insurance Association (APCIA) expressed concerns about a potential override by the Rhode Island General Assembly of Rhode Island Gov. Daniel McKee’s veto of a bill rel...
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The Office of the Comptroller of the Currency's (OCC) third quarter 2021 trading revenue report indicated that trading activity was $1.3 billion less than that of the second quarter. The Quarterly ...
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Sens. Ron Wyden (R-OR) and Mike Crapo (R-ID) gathered input from health care stakeholders to gain greater insight in understanding and addressing the mental health crisis. “Far too frequently, Am...
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The Credit Union National Association (CUNA) has expressed support for the Consumer Financial Protection Bureau’s (CFPB) inquiry into technology companies’ payments practices. In a Dec. 20 lett...
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A pair of lawmakers are encouraging the Treasury Department to ensure new Foreign Financial Intelligence Unit Liaisons personnel possess narcotics-related finance and other money laundering issues pro...
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The Securities and Exchange Commission (SEC) has charged broker-dealer J.P. Morgan Securities (JPMS) for widespread and longstanding failures to maintain and preserve written communications. JPMS,...
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Sen. Elizabeth Warren (D-MA) is urging the Securities and Exchange Commission (SEC) to investigate oil firms' use of environmental, social and governance (ESG) metrics. At issue, per Warren, is whe...
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The Financial Stability Oversight Council (FSOC) approved its 2021 annual report, which includes recommendations related to financial climate risk, cybersecurity, digital asserts, and LIBOR to promote...
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A group of U.S. senators recently urged Treasury Secretary Janet Yellen to work with Congress to ensure that the cryptocurrency provision in the Infrastructure Investment and Jobs Act is implemented i...
Read MoreAt a U.S. Senate Banking Committee hearing on stablecoins last week, Sen. Pat Toomey (R-PA), the ranking member, outlined a set of principles that should serve as the framework for future legislation....
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The Securities and Exchange Commission (SEC) has proposed amendments to its rules related to disclosure of share repurchases, also known as stock buybacks. The proposed rules would require an issue...
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A group of six U.S. senators recently urged federal regulators to strengthen oversight of “buy now, pay later” (BNPL) installment loan providers. BNPL products allow consumers to split the cos...
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