The Federal Reserve Board recently announced the final individual capital requirements for all large banks, effective on Oct. 1. The capital requirements for large banks are informed by the Fed's s...
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According to a report by Pennsylvania Auditor General Timothy L. DeFoor, Pennsylvania taxpayers paid $7 million more for Medicaid prescription drug benefits than necessary in 2022. A performance a...
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The Securities and Exchange Commission (SEC) adopted changes to reporting requirements on Form N-PORT, which provides information about a fund’s portfolio holdings. The amendments are designed to...
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A new report published by the Consumer Financial Protection Bureau (CFPB) says that Americans are paying millions of dollars in fees to access their own money when getting “cash back” at large ret...
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A newly proposed bipartisan bill on Capitol Hill aims to create a tax-advantaged account that enables millions of Americans with most types of insurance coverage to save for health care costs through ...
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The National Football League (NFL) voted this week to allow private equity investment in its teams, starting this year. With the new rule, private equity firms will be allowed to own up to a 10 pe...
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A group of Congressional Republicans, led by U.S. Sen. Mike Crapo (R-ID), are urging the Congressional Budget Office (CBO) to analyze the budgetary impact of the Medicare Part D Premium Stabilization ...
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When Congress returns to Capitol Hill next month, two members plan to file a discharge petition to force a vote on the U.S. House floor on their bipartisan Social Security Fairness Act. The bill, H...
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The Commodity Futures Trading Commission (CFTC) settled charges with the Bank of New York Mellon for repeatedly failing to correctly report millions of swap transactions to a registered swap data repo...
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Georgia Gov. Brian Kemp on Aug. 22 hosted the first of three small business roundtable listening sessions aimed at informing policy proposals in the upcoming legislative session. During this first ...
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The board of the Federal Deposit Insurance Corporation (FDIC) appointed Carrie Cohen to serve as its independent transformation monitor. In this capacity, Cohen, a partner at Morrison Foerster LLP...
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Poor economic conditions are hampering community improvements efforts in low- to moderate-income communities, according to a new survey spearheaded by the Federal Reserve. The survey, called “Com...
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Dallas-based Intrepid U.S.A. Inc. agreed to pay $3.85 million to resolve allegations that two lines of business for the home healthcare and hospice provider violated the False Claims Act, the U.S. Dep...
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The U.S. Securities and Exchange Commission (SEC) adopted a rule last week that updates the dollar threshold for a fund to qualify as a “qualifying venture capital fund.” The rule updates the ...
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The Conference of State Bank Supervisors (CSBS) has established a new advisory group on the use of artificial intelligence (AI) in the financial services sector. The CSBS Artificial Intelligence A...
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Last year, lending for multifamily properties declined 49 percent from the previous year, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market. Sp...
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A federal judge on Aug. 20 barred the Federal Trade Commission’s (FTC’s) ban on employment noncompete agreements from taking effect Sept. 4. U.S. District Judge Ada Brown of the Northern Distri...
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The Consumer Financial Protection Bureau (CFPB) ordered Fay Servicing to pay a multi-million-dollar penalty for violations of mortgage servicing laws, as well as violations of a past enforcement order...
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Two Public Company Accounting Oversight Board (PCAOB) proposals to update audit standards regarding general responsibilities of the auditor and use of technology-assisted analysis in conducting an aud...
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The Securities and Exchange Commission settled charges against New York-based Equiniti Trust Co. for failing to assure that client securities and funds were protected against theft or misuse. Thos...
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