On Wednesday, U.S. Sens. Sherrod Brown (D-OH) and Elizabeth Warren (D-MA) joined a bipartisan group of more than 100 colleagues in questioning reports that groups used crypto-currencies to fund attack...
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Agencies in 44 states announced they had reached a settlement with ACI Payments, Inc. for data misuse that impacted nearly half a billion consumers across the country. The $20 million fine is in r...
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The Internal Revenue Service (IRS) released new details about its Direct File pilot program for the 2024 filing season. The 2024 Direct File pilot, a new service that will provide taxpayers with th...
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A group of Republicans on the House Financial Services Committee are seeking details from the Federal Reserve on an Aug. 30 leak of nonpublic confidential supervisory information (CSI) involving multi...
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On Monday, U.S. Sen. Tim Scott (R-SC) led a coalition of Banking Committee Republican who called on the Federal Housing Finance Agency (FHFA) to implement reforms in credit scoring models. Scott, ...
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The Securities and Exchange Commission’s Division of Examinations released its 2024 examination priorities this week. The release seeks to inform investors and registrants of the key risks, exami...
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Intercontinental Exchange’s U.S. Residential Mortgage Rate Lock Index Futures reached record trading activity during September and the third quarter of 2023. The index had a record 67,416 contrac...
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The Securities and Exchange Commission (SEC) adopted a new rule that will require certain persons to report information about securities loans to a registered national securities association (RNSA). ...
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On Friday, U.S. Reps. Andrew Garbarino (R-NY) and Vincente Gonzales (D-TX) asked the Federal Emergency Management Agency (FEMA) to address monthly payment plans for National Flood Insurance Program (N...
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Total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, according to the Mortgage Bankers Association (MBA). By loan count, tot...
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America’s professional athletes rake in the big bucks, accumulating hefty bank accounts oftentimes by a young age. At the same time, though, knowing how to manage their new-found wealth is an entire...
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The Commodity Futures Trading Commission filed a complaint against the former CEO of a bankrupt company for fraud and registration failures. The complaint, filed in the U.S. District Court for the ...
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U.S. Rep. Bill Huizenga (R-MI) introduced a bill in the House last week that would effectively cut off the Iranian Government from the U.S. financial system. Specifically, Huizenga’s No U.S. Fin...
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The Federal Deposit Insurance Corporation (FDIC) recently launched a national campaign to increase the public’s awareness of deposit insurance. The campaign, called “Know Your Risk. Protect You...
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The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion on a provision enacted by Congress that prohibits large banks and credit unions from charging excessive fees for basic inform...
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The Insured Retirement Institute (IRI) is urging the U.S. Department of Labor (DOL) to focus on maximizing the adoption of electronic delivery for document sharing. In a comment letter to the DOL, ...
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The Securities Industry and Financial Markets Association (SIFMA) and SIFMA Asset Management Group (AMG) are urging the Securities and Exchange Commission (SEC) not to move forward on a proposal relat...
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The Securities and Exchange Commission (SEC) adopted rule amendments governing beneficial ownership reporting, requiring market participants to provide more timely information on their positions to me...
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The chairman of the National Credit Union Administration (NCUA) discussed the housing market and consumer challenges, among other topics, at the American Credit Union Mortgage Association's 2023 Annua...
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The National Association of Federally-insured Credit Unions is asked the U.S. Consumer Financial Protection Bureau to be more transparent about potential supervisory use of artificial intelligence (AI...
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