On Wednesday, the Consumer Financial Protection Bureau (CFPB) warned that false claims about the cost or speed of sending international money transfers can violate federal law. The CFPB said some ...
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The trading revenue from U.S. commercial banks and savings associations totaled $11.6 billion in the fourth quarter of 2023, according to the Office of the Comptroller of the Currency (OCC). The O...
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The U.S. Department of the Treasury issued a report this week that probes cybersecurity risks in the financial sector from artificial intelligence (AI). The report, called Managing Artificial Inte...
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On Tuesday, the Securities and Exchange Commission (SEC) announced that it is looking for five candidates to fill appointments to the Investor Advisory Committee. The Committee, which helps to pro...
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U.S. Sen. Mike Rounds (R-SD) is leading a group of eight Senate Republicans who are opposed to a proposal by the Securities and Exchange Commission (SEC) to expand Regulation Systems Compliance and In...
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A group of House Republicans are seeking a clarification from the Securities and Exchange Commission (SEC) on its position related to non-security digital assets. The request follows an announceme...
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A new survey from Grant Thornton LLP has found that a majority of professionals in mergers and acquisitions (M&A) are preparing for deal volumes to increase. The survey, which polled 238 M&A profe...
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Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the most recent quarter, according to the Federal Housing Finance Agency’s (FHFA) fourth quarter 2023 Foreclosure Pr...
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U.S. Sen. Sherrod Brown (D-OH) introduced two bills recently that seek to boost the availability of affordable housing. “All over Ohio, I hear from renters and homeowners whose only option is to...
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On Friday, federal officials joined forces to warn senior citizens about possible scams involving precious metals. The Commodity Futures Trading Commission’s (CFTC) Office of Customer Education ...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, launched an investigation into the multinational Swiss bank Pictet to determine whether it is abetting ongoing tax evasion by a U.S. ...
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New guidance was issued by the U.S. Treasury Department and Internal Revenue Service (IRS) regarding the bonus tax credits for clean energy projects and facilities located in so-called energy communit...
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U.S. Rep. Randy Feenstra (R-IA) is among a group of lawmakers voicing their opposition to proposed tax hikes on family farms and small businesses. Feenstra and the lawmakers are taking issue ...
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On Thursday, a bill protecting companies that provide financial services to businesses in the legal marijuana industry was introduced in the Delaware General Assembly. House Bill 355, sponsored by...
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A group of Senate Democrats are urging the Consumer Financial Protection Bureau to take action to prevent predatory medical debt collection practices. Last year, the CFPB announced several potenti...
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U.S. Reps. Brad Sherman (D-CA) and Victoria Spartz (R-IN) introduced legislation that would end the capital gains tax break for Americans who invest in stocks from China, Russia, and other adversarial...
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A new report from Arizent examines how banks view and use artificial intelligence (AI). The report, called Unleashing the Power of AI, found that outside of ChatGPT, there is a lack of familiarity ...
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U.S. Sens. Ron Wyden (D-OR) and Angus King (I-ME) said they had introduced legislation Wednesday that would crack down on the practice of using high-value trusts to avoid income, gift and estate taxes...
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An Ohio judge on March 20 dismissed a case accusing two activist investors of violating Ohio’s anti-greenmail statute, a decision that if it had gone another way stood to chill investment in Ohio co...
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A new survey released by the American Bankers Association (ABA) shows growing consumer confidence in banks. Among the key findings of the survey, developed for ABA by Morning Consult, 87 percent o...
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