U.S. Rep. Bill Foster (D-IL) has joined colleagues in co-sponsoring the End the Threat of Default Act (H.R.415), which would repeal the national debt ceiling. “Weaponizing the debt ceiling and usin...
Read More
In a first for the United States, tech and data infrastructure provider Intercontinental Exchange, Inc. (ICE) launched the ICE U.S. Carbon Neutral Power Index this week, based on methods licensed from...
Read More
Securities and Exchange Commission (SEC) officials said the agency is seeking candidates for appointment to its Small Business Capital Formation Advisory Committee. “The Small Business Capital Form...
Read More
Public policy, research, and advocacy group Bank Policy Institute (BPI) has provided the Federal Reserve and Federal Deposit Insurance Corporation (FDIC) with input regarding large bank resolution req...
Read More
The Consumer Financial Protection Bureau (CFPB) noted that a newly issued circular affirms companies offering negative option subscription services must comply with federal consumer financial protecti...
Read More
U.S. Reps. Brad Finstad (R-MN) and Thomas Massie (R-KY) are among a group of House Republican lawmakers sponsoring a bill that would direct the U.S. Government Accountability Office (GAO) to conduct a...
Read More
Securities and Exchange Commission (SEC) officials have outlined charges and a settlement agreement regarding Nexo Capital Inc., alleging an unregistered offering of its Earn Interest Product (EIP). ...
Read More
U.S. Sens. Mark Warner (D-VA) and Mike Crapo (R-ID) are urging the U.S. Department of Treasury to consider all comments received in response to the Community Development Financial Institution (CDFI) a...
Read More
The National Association of Federally-Insured Credit Unions (NAFCU) is advocating Federal Reserve guidance regarding account and service request evaluation. The NAFCU indicated Senior Counsel for Res...
Read More
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 13, 2023, maintains mortgage application submissions rose 27.9 percent from one week prior. “...
Read More
U.S. Rep. Ken Calvert (R-CA) introduced legislation that requires U.S. employers to check the work eligibility of all future hires through the E-Verify system. Specifically, the Legal Workforce Act ...
Read More
Intercontinental Exchange (ICE) reported that said sustainable or impact bond issuance fell 13 percent in 2022 to $771 billion after reaching an all-time high in 2021. The decrease in impact bonds ...
Read More
U.S. Rep. Stephanie Bice (R-OK) introduced this week the Stop Environmental Calculations (SEC) Act, which seeks to address Securities and Exchange Commission (SEC) climate-related disclosure requireme...
Read More
CME Group plans to expand its suite of weekly options expiries for its Micro E-mini Nasdaq-100 and S&P 500 futures. The world’s leading derivatives marketplace will launch Monday, Tuesday, Wednesda...
Read More
The Federal Reserve Board offered more details this week on how its pilot climate scenario analysis exercise for large banks will be conducted. The pilot exercise includes physical risk scenarios wit...
Read More
U.S. Reps. Tom Cole (R-OK) and Jake LaTurner (R-KS) recently reintroduced the Bipartisan Social Security Commission Act to address Social Security's long-term solvency. Cole has been a lead sponsor o...
Read More
West Virginia Gov. Jim Justice proposed a 50 percent cut in the state's personal income taxes over three years while setting aside $700 million in reserve. The plan, announced during his state of the...
Read More
The Office of the Comptroller of the Currency (OCC) is touting the benefits of its newly revised “Fair Lending” booklet. “Ensuring compliance with fair lending laws will help put an end to disc...
Read More
Findings from a survey commissioned by financial institution TD Wealth maintain inflation and supply chain issues negatively impacted business owners' retirement plans in the past 12 months. TD Wealt...
Read More
The Securities and Exchange Commission (SEC) levied charges against two companies for violations related to its crypto asset lending program. Specifically, the SEC charged Genesis Global Capital and ...
Read More