More than 1,000 projects have registered for the clean energy tax credits program, according to the U.S. Department of the Treasury and Internal Revenue Service (IRS). The Inflation Reduction Act ...
Read More
U.S. Reps. Ann Wagner (R-MO), Chris Pappas (D-NH), and Tim Burchett (R-TN) are pushing for a legislative fix for Form 1099-K reporting requirements that the lawmakers say would create bureaucratic hur...
Read More
U.S. Rep. Randy Feenstra (R-IA) introduced legislation on Jan. 18 to repeal taxes on the transfer of property from a deceased family member to their heirs, commonly called the “death tax.” The bi...
Read More
A Republican bill that would bolster congressional oversight of the Securities and Exchange Commission (SEC) was introduced in the House of Representatives on Jan. 18. The Review the Expansion of Gov...
Read More
Republicans on the U.S. Senate Banking Committee are calling on federal financial regulators to withdraw their proposal to raise bank capital requirements. The Republican members of the committee, le...
Read More
A new rule proposed by the Consumer Financial Protection Bureau (CFPB) on Wednesday seeks to rein in banks and the fees they charge for overdrafts. Officials with the CFPB said the proposed rule woul...
Read More
The Consumer Bankers Association (CBA) issued a white paper this week that examines the impacts of federal banking regulators' proposal to increase capital requirements on banks and financial institut...
Read More
The Futures Industry Association (FIA) voiced its opposition to proposed rules by federal bank regulators that would increase capital requirements for derivatives clearing services that banks offer to...
Read More
The U.S. House of Representatives passed several bills this week from the House Financial Services Committee, including two that are designed to protect Taiwan. One of them is the Taiwan Non-Discri...
Read More
The Securities and Exchange Commission (SEC) charged investment bank Morgan Stanley and the former head of its equity syndicate desk with fraud. Specifically, the SEC charged Pawan Passi, the forme...
Read More
U.S. Sen. Ron Wyden (D-OR), chair of Senate Finance Committee, and U.S. Rep. Jason Smith (R-MO), chair of the House Ways and Means Committee, put forth a framework for a new tax proposal. The bipa...
Read More
U.S. Rep. Darin LaHood (R-IL) introduced legislation this week that looks to modernize Generalized System of Preferences and enhance digital trade in the United States. The Digital Trade for Develo...
Read More
Consumer reporting companies must address inaccurate background check reports, the Consumer Financial Protection Bureau said Thursday. Sloppy credit file sharing practices and inaccurate, old or f...
Read More
A group of U.S. senators are calling on the Department of Housing and Urban Development (HUD) and the Consumer Financial Protection Bureau (CFPB) to review the gap in mortgage approval rates between w...
Read More
House Financial Services Committee Chair Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) have formed a new working group on artificial intelligence (AI). The bipartisan Working Group...
Read More
U.S. Rep. Tom Emmer (R-MN) reintroduced this week a bill that would bring the Financial Stability Oversight Council (FSOC) under congressional appropriations and oversight. The Financial Stability ...
Read More
A bipartisan group of Congress members expressed their concerns to the Department of Labor over its proposed fiduciary rule. The proposal includes changes to the existing regulatory framework gover...
Read More
According to the latest NFIB Small Business Optimism Index from the National Federation of Independent Business, inflation has replaced labor quality as the most important problem facing small busines...
Read More
The Mortgage Bankers Association's (MBA) 2024 Commercial Real Estate Finance (CREF) Outlook Survey found that the market for commercial and multifamily mortgage originators will stabilize over the cou...
Read More
The U.S. Chamber of Commerce released the 2024 State of American Business Data Center report this week, which examines the nation’s economic resilience, post-pandemic. The report details the resili...
Read More