U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, introduced a bill that looks to foster innovation within the financial services sector. The Financial Services Inn...
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The Public Company Accounting Oversight Board (PCAOB) is seeking public comment on a proposal about how a firm presents its PCAOB registration status. Specifically, PCAOB Rule 2400 would, If adop...
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On Tuesday, the Securities and Exchange Commission announced it had charge Paul A. Pereira, former CEO and co-founder of Alfi, Inc., with fraud stemming from false claims on social media. Accordin...
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A group of Senate Republicans introduced legislation this week that seeks to halt any efforts by the federal government to create a central bank digital currency (CBDC). The CBDC Anti-Surveillance ...
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U.S. Sens. Sherrod Brown (D-OH) and Rick Scott (R-FL) are urging the Biden administration to close a loophole that would keep foreign competitors from paying duties and fees. This loophole, known a...
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U.S. Sen. Shelley Moore Capito (R-WV) is urging the U.S. Treasury Department to reconsider guidance on the 45V tax credits for hydrogen. In a letter to Treasury Secretary Janet Yellen, Capito, the...
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The Consumer Financial Protection Bureau (CFPB) is establishing supervisory authority over installment lender World Acceptance Corp. CFPB is charged with supervising a wide range of financial firms...
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After repeated calls from U.S. Sen. Sherrod Brown (D-OH), the Department of State recently issued new guidance to U.S. businesses warning that continuing to work with Russia could imperil them legally...
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A new report from Goldman Sachs has found that Black women continue to face obstacles when it comes to leaving a financial legacy. The report, One Million Black Women, found that while Black women...
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A new report charts the fluctuations in commercial foreclosures in the United States over the past 10 years and shows a significant spike since the pandemic. The report, developed by ATTOM, a curat...
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A bill has been introduced in the U.S. Senate that would require any entity advertising a hotel room or short-term rental to clearly show the final price a customer will pay to book lodging up front. ...
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The American Bankers Association’s latest Credit Conditions Index revealed cautious optimism about credit conditions in 2024. The index improved to its highest level in six quarters as ABA’s E...
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The Securities and Exchange Commission (SEC) published its annual report to Congress this week on credit rating agencies. The report, conducted by the SEC’s Office of Credit Ratings, discusses th...
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The National Federation of Independent Business (NFIB) released its policy priorities for Congress in 2024. The list outlines the top 10 key legislative issues that will impact small businesses na...
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U.S. Rep. David Schweikert (R-AZ) introduced a bill that would provide a one-time tax deduction for families in the first year of a newborn’s life. Under his Family Growth and Investment Act, fa...
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U.S. Rep. Young Kim (R-CA) recently spoke to the importance of eliminating the SALT marriage penalty. Kim and U.S. Rep. Mike Lawler (R-NY) introduced the SALT Marriage Penalty Elimination Act that...
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U.S. Sen. Sherrod Brown (D-OH) is urging Federal Reserve Chair Jerome Powell to strengthen enforcement penalties under the Fed’s Investment and Trading Policy. Brown, in a letter to Powell, cite...
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A recent survey by the Consumer Financial Protection Bureau (CFPB) found that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of cred...
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A group of Democrats in Congress recently introduced legislation that seeks to protect consumers from price gouging. The Price Gouging Prevention Act of 2024 would authorize the Federal Trade Commi...
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Recently, a group of Congress members introduced legislation that would require the federal government to rein in spending and balance its budget. The resolution, H.J.Res. 113, introduced by U.S. ...
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