A bill led by U.S. Rep. French Hill (R-AR) that would require the U.S. Treasury Department to brief Congress on the finances of Iranian leadership and require financial institutions to close accounts ...
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On Tuesday, the U.S. House of Representatives passed four pieces of legislation designed to hold Iran accountable for acts of aggression and financing terrorism. The bipartisan financial services ...
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On Tuesday, U.S. Rep. Roger Williams (R-TX), chairman of the House Committee on Small Business, asked the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice to reco...
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On Monday, U.S Rep. Bonnie Watson Coleman (D-NJ) introduced legislation to regulate the gig worker economy. Her legislation, the Gig is Up Act, would require companies with at least $100 million i...
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U.S. Senate Small Business and Entrepreneurship Committee Ranking Member Joni Ernst (R-IA) has requested that the Small Business Administration’s (SBA’s) Office of Inspector General (OIG) launch a...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned KPMG Accountants N.V. and its former head of assurance, Marc Hogeboom, for violations of PCAOB rules and quality control standards. ...
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On Friday, the Securities and Exchange Commission (SEC) announced it had settled its case against five investment advisers it had charged with violating marketing rules. All five firms have agreed...
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A new report has found that every student loan servicer failed to prepare during the return to repayment following the pandemic, resulting in more than 3.9 million billing errors. The report, Serv...
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U.S. Reps. Patrick McHenry (R-NC) and Brittany Pettersen (D-CO) introduced legislation last week that is designed to deter hackers and establish guide rails for financial institutions to respond to ra...
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The U.S. Department of the Treasury proposed rule that seeks to enhance the penalty and enforcement authorities of the Committee on Foreign Investment in the United States (CFIUS). Specifically, th...
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The Federal Deposit Insurance Corporation (FDIC) issued a report this week that examines how it would manage the orderly resolution of a large, complex financial company. The report explains how th...
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On Wednesday, U.S. Rep. Virginia Foxx (R-C) announced the House had passed her workforce development bill, putting more Americans on the path to successful careers. The A Stronger Workforce for Am...
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A new report from the American Bankers Association (ABA) reveals a growing optimism among bank economists about the outlook for credit conditions over the next six months. The ABA’s Credit Condit...
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U.S. Sen. John Hoeven (R-ND) introduced legislation this week that is designed to strengthen crop insurance and make higher levels of coverage more affordable for producers. The Federal Agricultur...
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On Tuesday, U.S. Sen. Jeanne Shaheen (D-NH) said a new Small Business Majority report shows that a majority of small business owners support legislative action to address child care affordability and ...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) have proposed regulations on the stock buyback or “repurchase” excise tax. This is a key provision included in the Inflati...
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U.S. Sen. Tim Scott (R-SC) introduced a resolution that seeks to overturn the Consumer Financial Protection Bureau’s (CFPB) rule that puts a cap on credit card late penalties. The CFPB’s rule,...
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U.S. Sens. Thom Tillis (R-NC) and Bill Hagerty (R-TN) released a discussion draft of a bill that would ensure that cryptocurrency financial institutions follow Bank Secrecy Act anti-money laundering (...
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On Monday, Empower Finance announced it would be acquiring Petal, a consumer credit card and financial technology company in New York, on the heels of acquiring Cashalo, a consumer credit and lending ...
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A new report from the Consumer Financial Protection Bureau (CFPB) found that as overall interest rates rose, more borrowers paid “discount points” upfront. The report stated that the percentage...
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