On Wednesday, the Commodity Futures Trading Commission’s Office of Customer Education and Outreach (OCEO) put out a customer advisory about romance investment scams. The office said that in adva...
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U.S. Sen. Sheldon Whitehouse (D-RI) and U.S. Rep. Judy Chu (D-CA) introduced legislation that would close a tax loophole that allows individuals to avoid capital gains taxes on assets donated to dark ...
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On Tuesday, the Securities and Exchange Commission said two new adopted rules will adjust the definition of the term “dealer” to ensure more market participants are covered by federal securities l...
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U.S. Sens. Ted Cruz (R-TX) and Bill Hagerty (R-TN) today introduced legislation that would block a rule from the Securities and Exchange Commission (SEC) related to technology in investing. In July...
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Mortgage rates were at 6.71 percent as of January 24, more than one percentage point below recent highs, according to the ICE US Conforming 30-year Fixed Mortgage Rate Lock Index, produced by the Inte...
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U.S. Reps. Patrick McHenry (R-NC) and Andy Barr (R-KY) voiced their concerns about the relationship of some Federal Reserve Banks with global organizations. The two lawmakers sent letters to Feder...
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A group of banking associations has filed suit against the Federal Reserve, FDIC, and OCC over rules that are part of the Community Reinvestment Act (CRA). The lawsuit, filed in the Northern Distri...
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A group of Republican House leaders expressed concerns with the Federal Deposit Insurance Corporation (FDIC) over what they perceive as a lack of engagement with the public on financial technology and...
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The Securities and Exchange Commission (SEC) charged an individual and his company with fraud for his crypto trading course. The individual, Brian Sewell, and his company, Rockwell Capital Managem...
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U.S. Reps. Maria Elvira Salazar (R-FL) and Hillary Scholten’s (D-MI) legislation to help small businesses access federal government contracts passed out of committee recently. The legislation, t...
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A bipartisan group of Congressional lawmakers introduced a resolution last week that seeks to to overturn the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 rule...
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U.S. Sens. Todd Young (R-IN), Tammy Duckworth (D-IL), and Jim Risch (R-ID) introduced legislation in the Senate last week that would allow banks to invest up to 15 percent of their capital in Small Bu...
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On Thursday, U.S. Rep. Troy Balderson (R-OH) and U.S. Sen. Eric Schmitt (R-MO) introduced a resolution disapproving of the U.S. Treasury Department’s use of COVID recovery funds. Balderson and S...
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A House subcommittee held a hearing this week on what many called the lack of economic analysis in federal banking regulators proposed changes to bank capital requirements. The hearing by the Subc...
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The U.S. House of Representatives passed the Tax Relief for American Families and Workers Act this week by a margin of 357-70. The bipartisan bill, H.R. 7024, includes $600 billion of tax incentiv...
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On Wednesday, U.S. Sen. Bob Casey (D-PA) introduced legislation that would create savings accounts for every child in America. The legislation, the 401Kids Savings Act, would create a new children...
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