U.S. Reps. Randy Feenstra (R-IA) and Angie Craig (D-MN) are espousing the benefits of legislation they maintain would offer farmers greater crop and livestock insurance protections. The Crop Insura...
Read More
Legislation that would allow employees to use money from their employer to buy a healthcare plan that works best for them passed the U.S. House of Representatives on Wednesday. Introduced by U.S. R...
Read More
Two recently released Consumer Financial Protection Bureau (CFPB) reports examine financial opportunities and challenges facing Southern communities regarding banking access and consumer finance. C...
Read More
U.S. Reps. Bill Huizenga (R-MI) and Andy Barr (R-KY) introduction legislation this week in the House that amends the securities laws to put parameters around disclosures. Their bill, the Mandatory...
Read More
The latest American Bankers Association (ABA) Credit Conditions Index maintains bank economists expect credit conditions to soften the remainder of the year through economic headwinds faced by consume...
Read More
The U.S. Department of the Treasury released a report this week that reviewed and assessed the policies of major U.S. trading partners. Among the major findings, the semiannual Report to Congress o...
Read More
U.S. Rep. Maxine Waters (D-CA) and U.S. Sen. Sherrod Brown(D-OH) have expressed security concerns regarding a golf league merger that includes Saudi-backed LIV Golf. Waters, the top Democrat on the...
Read More
The Securities and Exchange Commission (SEC) secured emergency relief in an action involving Binance Holdings Limited and its crypto trading platform. Specifically, all the defendants in its litiga...
Read More
A group of lawmakers have forwarded correspondence to PayPal President and CEO Dan Schulman, advocating fraud protection for Venmo users patronizing the platform. U.S. Sens. Sherrod Brown, chairman...
Read More
The Consumer Financial Protection Bureau (CFPB) has released a new issue spotlight regarding financial institutions adoption and use of chatbots. “To reduce costs, many financial institutions are...
Read More
Four lawmakers have reintroduced legislation that would enable federal student loan holders to refinance their loans while still remaining public borrowers. U.S. Reps. Mike Turner (R-OH), Donald N...
Read More
The Federal Deposit Insurance Corporation (FDIC) is demanding that three companies and certain of their officers cease and desist from making false and misleading statements about FDIC deposit insuran...
Read More
U.S. Sens. Sherrod Brown (D-OH) and Tim Scott (R-SC) introduced legislation to hold senior executives of failed banks accountable on several fronts. Specifically, the Recovering Executive Compensat...
Read More
A bill that would streamline healthcare reporting requirements for employers was advanced by the House Committee on Ways and Means this week. The Employer Reporting Improvement Act would accomplis...
Read More
The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Spring 2023, highlighting key issues facing the federal banking system. Overall, the OCC reported t...
Read More
U.S. Rep. Donald Norcross (D-NJ) has reintroduced a measure he maintains would enhance retirement security via an annuity initiative. The Lifetime Income For Employees (LIFE) Act of 2023 would allo...
Read More
A group of lawmakers maintain legislation they have introduced would address pharmacy benefit managers (PBMs) compensation and aid in lowering prescription drug prices. U.S. Sens. Ron Wyden (D-OR)...
Read More
The House of Representatives Financial Services Committee Republican membership has forwarded correspondence to the Securities and Exchange Commission (SEC), seeking rescission of the agency's rulemak...
Read More
The Blockchain Association submitted additional comments to the Securities and Exchange Commission’s proposed rule to amend the interpretation of the definition of “exchange.” The SEC has pro...
Read More
The Credit Union National Association (CUNA) recently filed comments with the Federal Housing Finance Agency (FHFA), offering suggestions regarding housing finance system lender equity access. “C...
Read More