U.S. Sen. Bill Cassidy, M.D. (R-LA) is among a group of senators calling upon the U.S. Department of the Interior (DOI) to extend the public comment period for the Outer Continental Shelf (OCS) financ...
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The Consumer Financial Protection Bureau (CFPB) fined Freedom Mortgage last week for illegally providing incentives to real estate brokers and agents in exchange for mortgage loan referrals. The C...
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Marking the one-year anniversary of the passage of the Inflation Reduction Act (IRA), the Internal Revenue Service (IRS) outlined some of its achievements toward its goals of delivering world-class se...
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CME Group, a leading derivatives marketplace, has undergone a realignment of its FX futures, options, cash and over the counter (OTC) FX businesses. The realignment now has these businesses in a si...
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The Commodity Futures Trading Commission (CFTC) settled charges against a Texas company and its owner for committing fraud while acting as an unregistered commodity trading advisor (CTA) and for faili...
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Fifteen financial industry groups, including the Managed Funds Association (MFA), are asking the U.S. Securities and Exchange Commission (SEC) for a 60-day extension of the comment period for proposed...
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Inflation expectations among consumers have declined, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. The Survey of Consumer Expectations (SCE) contains informa...
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U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bob Casey (D-PA) are urging the Social Security Administration (SSA) to simplify the Supplemental Security Income (SSI) application. The SSI ...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned and fined three audit firms for failing to report required information to the PCAOB. PCAOB officials said two of the sanctioned fir...
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The Securities Industry and Financial Markets Association (SIFMA) filed a challenge in federal court to documentation rules for financial firms that were recently enacted in Missouri. The rules, wh...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) issued final rules and procedural guidance for an initiative that provides up to a 20-percentage point boost to the Investment Ta...
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The U.S. Department of the Treasury is seeking public comment related to an executive order issued by President Joe Biden on investments in national security technologies and products by countries of ...
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A group of Democratic senators are urging the Federal Reserve to review its approach to big bank mergers following the collapse of several large banks this year – including Silicon Valley Bank, Sign...
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The Securities and Exchange Commission levied charges against 10 broker-dealers and one investment advisor/broker-dealer for what it called widespread and longstanding failures to maintain and preserv...
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The U.S. Federal Reserve Board released more information this week on its program to supervise novel activities in the banks it oversees. Novel activities are those that involve complex, technology-...
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PayPal is launching a U.S. dollar-denominated stablecoin called PayPal USD. PayPal USD is designed to contribute to the opportunity that stablecoins offer for payments. The stablecoin is fully ba...
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The Federal Reserve Board is looking for individuals to serve on its Insurance Policy Advisory Committee, or IPAC. For these roles, the Federal Reserve Board is seeking individuals that possess a d...
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U.S. Rep. Blaine Luetkemeyer (R-MO) announced that his Stop Fentanyl Money Laundering Act has advanced out of the House Financial Services Committee. Luetkemeyer, the chair of the National Security...
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A bipartisan group of legislators introduced legislation last week that would direct the Consumer Product Safety Commission to explore the use of artificial intelligence (AI) in their work through a p...
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The Minority Business Development Agency (MBDA) Capital Readiness Program (CRP) has awarded $57 million to 12 states. The awards, announced by Vice President Kamala Harris, will be used to provide ...
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