The Treasury Department collaborated with international partners to disrupt an alleged illicit darknet marketplace. The Treasury Department's Office of Foreign Assets Control (OFAC) joined the U.S....
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A new survey commissioned by the Consumer Bankers Association found that most Americans believe that credit card late fees are legitimate. The poll said that 57 percent of those surveyed said they we...
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The World Economic Forum recently released a report that looks at how technology-driven risks in the financial services sector could become systemic threats to the global financial system. The report...
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An Investment Company Institute (ICI) report has determined that average expense ratios of equity and bond mutual funds continued to decline last year. “The continued decline in average equity an...
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Community bankers have a bleak outlook on economic conditions, according to the latest Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS). The index...
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U.S. Sen. Tim Scott (R-SC) is urging the Department of Energy (DOE) not to implement climate policies that will make homeownership less accessible. In a letter to Energy Secretary Jennifer Granhol...
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The Federal Housing Finance Agency (FHFA) recently announced its first TechSprint, a team-based problem-solving event targeting securing the fair flow of data within the housing finance system. ...
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New Mexico state officials have detailed the economic impact of the first year of adult-use cannabis sales, which began in April 2022, noting sales totaling $300 million. “In just one year, hundr...
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The Consumer Financial Protection Bureau (CFPB) has issued a policy statement outlining legal prohibitions regarding abusive conduct in consumer financial markets. Authorities noted the offering al...
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The U.S. Department of Justice has seized an estimated $112 million of virtual currency from several cryptocurrency investment scams. Judges authorized seizure warrants for six virtual currency acc...
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The Securities and Exchange Commission (SEC) has hit Merrill Lynch, Pierce, Fenner & Smith with fines and penalties for charging advisory clients more than $4 million in undisclosed foreign exchange f...
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U.S. Reps. Carol Miller (R-WV) and Ron Estes (R-KS) have introduced legislation they noted incentivizes employers to hire Temporary Assistance for Needy Families (TANF) recipients and provide job skil...
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U.S. Reps. Ron Estes (R-KS) and Dan Kildee (D-MI) have introduced a resolution that condemns foreign digital services taxes (DSTs). These taxes, imposed by foreign countries like France, Canada, a...
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U.S. Sen. James Lankford (R-OK) authored a bill that would make permanent a provision in the 2017 Tax Cuts and Jobs Act (TCJA) to allow businesses to fully expense new investments in the year of purch...
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A group of lawmakers recently reintroduced a bill they said seeks to provide financial compensation to whistleblowers who report Consumer Financial Protection Bureau (CFPB) offenses. U.S. Sen. C...
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A group of lawmakers recently introduced legislation they noted enables federal regulators to recoup all or part of bank executive compensation received in the event of a bank failure. U.S. Sens. E...
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A group of lawmakers recently forwarded correspondence to the Securities and Exchange Commission (SEC) outlining concerns regarding large Silicon Valley Bank (SVB) executive stock trades before the ba...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule last week that is designed to increase transparency in small business lending, promote economic development, and combat unlawful discri...
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A bipartisan group of senators, led by U.S. Sens. Thom Tillis (R-NC) and Elizabeth Warren (D-MA), introduced legislation that would strengthen Federal Reserve accountability and ensure that financial ...
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