The Commodity Futures Trading Commission (CFTC) has added 45 unregistered foreign entities to its Registration Deficient (RED) List, which aids in protecting Americans from financial trading fraud. ...
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U.S. Rep. Patrick McHenry (R-NC) introduced two bills this week to reform the Financial Crimes Enforcement Network (FinCEN). One of the bills is the Accountability Through Confirmation Act of 2023,...
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The Insured Retirement Institute (IRI) has expressed support for the Lifetime Income for Employees (LIFE) Act (H.R. 3942), stating that its enactment is a priority as it offers improved lifetime incom...
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The Consumer Financial Protection Bureau (CFPB) has outlined enforcement action against medical debt collector Phoenix Financial Services, alleging numerous debt collection and credit reporting violat...
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U.S. Reps. Mike Kelly (R-PA) and Brian Higgins (D-NY) have joined four colleagues to introduce legislation they indicated would spur affordable homeownership opportunities and community revitalization...
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U.S. Sens. Todd Young (R-IN) and Joni Ernst (R-IA) proposed legislation to reauthorize and update the Small Business Administration’s Service Corps of Retired Executives (SCORE) program. The SBA...
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Data, technology and market infrastructure provider Intercontinental Exchange, Inc. (ICE) has launched its newest carbon futures market based on Washington state’s Cap-and-Invest program. The Was...
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U.S. Rep. Alex X. Mooney (R-VA) has joined 14 colleagues to introduce legislation that would address the Federal Reserve and its ability to issue Central Bank Digital Currency (CBDC). Bill proponen...
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A group of leading House Republicans are asking Biden administration officials for details on its plan for educating small businesses about their reporting responsibilities pertaining to the Financial...
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Federal regulatory agencies are seeking public comment on proposed guidance that addresses reconsiderations of value (ROV) for residential real estate transactions. ROVs are requests from a financi...
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Rep. Julia Brownley (D-CA) has introduced a pair of bills she maintains would make homeownership more affordable for the nation's working families. Officials noted Brownley recently detailed the Mo...
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Sens. Bill Cassidy (R-LA) and Catherine Cortez Masto (D-NV) recently introduced legislation designed to make homeownership more accessible to working families by improving first time buyer tax credits...
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The U.S. Securities and Exchange Commission (SEC) approved rule changes to remove and replace references to credit ratings from existing exceptions in Regulation M. Specifically, the amendments wil...
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A bipartisan group of senators introduced legislation this week that seeks to increase competition in the credit and payment processing space. Essentially, the Credit Card Competition Act seeks to ...
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A group of financial industry organizations weighed in on two proposals related to cybersecurity put forth by the Securities and Exchange Commission (SEC). One of the SEC proposals in question is ...
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Federal bank regulators released final joint guidance to help banks manage risks associated with third-party relationships, including financial technology companies. Specifically, the final guidanc...
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U.S. Rep. Dan Kildee (D-MI) has joined three colleagues to introduced legislation that would expedite economic development through manufacturing and agriculture bond rule updates. Modernizing Agri...
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U.S. Rep. Dan Meuser (R-PA) recently hosted a hearing in which participants advocated tax policies supporting research and development initiatives focusing on innovation. The session examined tax ...
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The U.S. House of Representatives passed a bipartisan bill this week that would allow an issuer to communicate with potential investors to determine interest in a securities offering, either before or...
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The Securities and Exchange Commission (SEC) has detailed charges against crypto asset trading platform Binance Holdings Ltd. and founder Changpeng Zhao, alleging a variety of securities law violatio...
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