Republic First Bank became the first bank to fail this year, as the Pennsylvania Department of Banking and Securities (DoBS) took possession of the Philadelphia-based bank last week. Citing its “un...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) said use of the Direct File pilot program launched this year exceeded expectations. More than 140,000 taxpayers filed their ...
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The U.S. Department of the Treasury’s Federal Insurance Office (FIO) announced last week it had formed a partnership with the National Science Foundation to establish a center to research and analyz...
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A new white paper on redefining finance for a sustainable world was released last week by the Association of International Certified Professional Accountants (AICPA) and the Chartered Institute of Man...
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U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are urging the U.S. Department of Labor (DOL) to raise awareness of the Paid Family and Medical Leave (PFML) tax credit. Fischer and King led the...
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U.S. Rep. Jason Smith (R-MO), chair of the House Ways and Means Committee, and Rep. Mike Kelly (R-PA), chair of the House Tax Subcommittee have led the formation of 10 Committee Tax Teams, comprised o...
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On Wednesday, the U.S. Chamber of Commerce announced that it was challenging the Federal Trade Commission’s (FTC) recent ruling banning noncompete clauses. The Chamber filed a coalition lawsuit ...
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The Securities and Exchange Commission (SEC) published a new report this week of Registered Fund Statistics. The report, which will be updated on a quarterly basis, is designed to provide the publi...
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The U.S. Department of Labor (DOL) has finalized its Retirement Security Rule, which updates the definition of an investment advice fiduciary. The final rule requires trusted investment advice provid...
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CME Group, the leading derivatives marketplace, is set to launch trading for its new credit futures contracts on June 17, pending regulatory reviews. CME Group’s credit futures will be the first fu...
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U.S. Reps. David Valadao (R-CA) and Wiley Nickel (D-NC) introduced legislation on Tuesday that would promote financial literacy education in high schools. The bill, the Promoting Financial Literacy i...
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The total number of loans now in forbearance remained unchanged in March, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. According to the report, 110,000 home...
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The G7 Cyber Expert Group said Tuesday it had completed a cross-border coordination exercise that would ensure its effectiveness in a widespread financial sector cyber incident. Authorities with the ...
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A bipartisan group of U.S. House lawmakers introduced a bill on April 17 that seeks to prevent U.S. trade policy from favoring certain foreign e-commerce distribution operations. Current U.S. law all...
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On Thursday, U.S. Reps. French Hill (R-AR) and David Scott (D-GA) introduced legislation to provide greater transparency in bank exams. The legislation, the Fair Audits and Inspections for Regula...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) are urging the nation’s four largest banks to protect consumers from wire fraud. In a letter to the CEOs of JPMorgan Chase, Bank of America, ...
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U.S. Sen. Tim Scott (R-SC) introduced a resolution to overturn the Securities and Exchange Commission’s (SEC) climate disclosure rule. The resolution calls for the disapproval of the SEC rule, ca...
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On Thursday, U.S. Rep. Blaine Luetkemeyer introduced legislation that would force federal agencies to identify the number of small businesses that would be affected by new regulations. The Regulat...
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On Thursday, U.S. Sens. Elizabeth Warren (D-MA) and Bill Cassidy (R-LA) introduced legislation that would improve math error notices. The bill, Internal Revenue Service Math and Taxpayer Health (I...
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On Wednesday, two days after the national Income Tax filing deadline, U.S. Reps. Earl “Buddy” Carter (R-GA) and Andrew Clyde (R-GA) introduced legislation declaring April 16 as FairTax Day. Th...
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