The Consumer Financial Protection Bureau (CFPB) has detailed an order against short-term consumer loan business TitleMax, alleging the company offered unlawful title loans and overcharged military fam...
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U.S. Rep. Patrick McHenry (R-NC) introduced legislation this week in the House that seeks to modernize financial data privacy laws. The bill, the Data Privacy Act of 2023, looks to give consumers m...
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The House of Representatives advanced Monday the SECURE Notarization Act of 2023, which seeks to update and modernize the nation's notarization process. U.S. Reps. Kelly Armstrong (R-ND) and Madeli...
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Credit quality associated with large, syndicated bank loans improved last year, according to the 2022 Shared National Credit (SNC) report produced by federal banking regulatorsThe the report found tha...
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A group of Senate Republicans recently asked Biden administration officials for an update on its efforts to recover fraudulent benefits obtained through the temporary COVID-19 unemployment insurance (...
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Federal bank regulatory agencies issued a statement last week on liquidity risks to banks related to funding from crypto-asset-related entities. “In particular, certain sources of funding from cr...
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Citing financial privacy and currency protection concerns, a group of lawmakers recently advocated legislation prohibiting issuing of a central bank digital currency (CBDC). Majority Whip Tom Emmer...
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Rhode Island state officials are touting the benefits of a $61.7 million awarded through the Biden Administration's State Small Business Credit Initiative (SSBCI). The American Rescue Plan Act of 2...
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U.S. Sens. Joni Ernst (R-IA) and Maggie Hassan (D-NH) introduced legislation that seeks to provide more transparency to college students before they take out a loan. Their bill, the Student Transp...
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Derivative marketplace CME Group is slated to expand its suite of event contracts to include Bitcoin futures on March 13, noting the action would occur pending regulatory review. CME Group offers...
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The leaders of the House Committee on Small Business are urging President Joe Biden to nominate a chief counsel for advocacy at the Small Business Administration’s Office of Advocacy. “The Smal...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently outlined the Corporate Alternative Minimum Tax (CAMT), which clarifies issues regarding insurance industry accountin...
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The Options Clearing Corporation (OCC) has settled with both the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on an error it made implementing a certai...
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The Federal Housing Finance Agency (FHFA) is seeking feedback on developing a social bond policy for Fannie Mae and Freddie Mac. Currently, Fannie Mae and Freddie Mac (the enterprises) issue label...
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Data, technology, and market infrastructure provider Intercontinental Exchange (ICE) is detailing record North American environmental markets volume and participation, noting 270 companies traded last...
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Securities and Exchange Commission (SEC) officials have detailed a complaint alleging Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon orchestrated crypto asset securities fraud. The SEC a...
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U.S. Reps. Zoe Lofgren (D-CA) and Ken Buck (R-CO) recently reintroduced the Bankruptcy Venue Reform Act (H.R. 1017) to ensure corporate bankruptcy proceedings are adjudicated locally, enabling those i...
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The Securities and Exchange Commission (SEC) adopted new rules to shorten the standard settlement cycle for most broker-dealer transactions in securities. Now, the settlement cycle will move from t...
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Sen. Joni Ernst (R-IA) has forwarded correspondence to the Federal Acquisition Regulation (FAR) Council, expressing opposition to proposed small business greenhouse gas emissions (GHG) requirements. ...
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U.S. Sens. Jeff Merkley (D-OR) and Sheldon Whitehouse (D-RI), along with U.S. Rep. Lloyd Doggett (D-TX), introduced bicameral legislation that would end tax breaks for companies that outsource jobs ov...
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