Financial firms and organizations, including the Securities Industry and Financial Markets Association SIFMA) announced a Regulated Settlement Network (RSN) proof-of-concept (PoC) to explore the feasi...
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A new survey from Santander Bank has found that less than 20 percent of Americans are using higher-rate savings accounts to grow their savings. In the bank’s inaugural Growing Personal Savings (...
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U.S. Reps. Darin LaHood (R-IL) and Drew Ferguson (R-GA) introduced legislation this week that seeks to remove obstacles within the tax code to incentivize American businesses to return intellectual pr...
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On Tuesday, the U.S. Department of Transportation’s Office of Small and Disadvantaged Business Utilization (OSDBU) announced it had launched a new initiative to connect small businesses to private c...
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The Independent Community Bankers of America (ICBA) launched the seventh edition of its ICBA ThinkTECH Accelerator program (AP7), which promotes community bank innovation. This second cohort of th...
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The Federal Deposit Insurance Corporation (FDIC) released a report this week reviewing the working place culture at the FDIC and allegations of harassment. The review, done by Cleary Gottlieb, an i...
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A new rule has been proposed by federal regulators that addresses incentive-based compensation arrangements for large financial institutions. Section 956 of the Dodd-Frank Wall Street Reform and Co...
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On Monday, the Consumer Financial Protection Bureau (CFPB) said it was taking action against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency ( PHEAA) fo...
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The launching of the new Bipartisan Congressional Real Estate Caucus has been embraced by groups across the various industries that intersect with real estate. The group – including the National...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced a draft legislative proposal to address shortages of generic medicines, including chemotherapy drugs and ADHD medications. The proposal ...
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The Securities and Exchange Commission (SEC) filed charges against an audit firm for failures to comply with Public Company Accounting Oversight Board (PCAOB) standards. The SEC charged BF Borgers ...
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A guide to support community banks in managing risks presented by third-party relationships was introduced by federal bank regulatory agencies this week. Community banks engage with third parties ...
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Small business owners are focused on staying afloat in the short-term, rather than planning for the long-term, a new survey has found. The survey, Truist’s annual Small Business Pulse Survey, fo...
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U.S. Sen. John Thune (R-SD) introduced legislation that would prohibit Internal Revenue Service (IRS) employees, volunteers, and contractors from accessing taxpayer information on their personal compu...
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The U.S. Senate passed a bill last week that would stop the Internal Revenue Service (IRS) from imposing fines and penalties on American hostages and wrongful detainees for late tax payments while the...
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On Wednesday, Rostin Behnam, the Commodity Futures Trading Commission (CFTC) Chairman, announced that Dr. Ted Kaouk would serve as that agency’s first Chief Artificial Intelligence Officer. Kaou...
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Two bills sponsored by U.S. Rep. Morgan McGarvey (R-KY) were unanimously passed in the U.S. House of Representatives this week. Both of the bills are targeted at helping small businesses. One of th...
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A new report from the Consumer Financial Protection Bureau (CFPB) details the complex costs and fees in health savings accounts. A health savings account is a tax-advantaged account that generally...
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The U.S. House of Representatives unanimously approved this week a bipartisan bill sponsored by U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) that seeks to incentivize greater private capit...
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The U.S. Commodity Futures Trading Commission (CFTC) approved final rules to amend its large trading reporting regulations for futures and options. The regulations require futures commission mercha...
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