The Consumer Financial Protection Bureau (CFPB) filed an order against the student loan servicing company Navient for alleged violations. If entered by the court, the proposed order would permanen...
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New polling data from the Independent Community Bankers of America (ICBA) probed Americans for their views on credit unions. The poll, conducted with Morning Consult, found that 69 percent of those...
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A group of U.S. senators, led by Sen. Sherrod Brown (D-OH), are urging the Federal Reserve to finalize a proposed rule expanding the Fed’s settlement services’ operating hours to weekends and holi...
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New legislation unveiled on Capitol Hill would require federal financial regulatory agencies to improve their consultation with Congress and the public regarding their engagement with international or...
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The House Small Business Committee passed legislation that requires federal agencies to analyze and limit the impact of their regulatory action for small businesses. Specifically, the Prove It Act...
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SIFMA put out a white paper this week on artificial intelligence (AI) that probes the use of AI within the financial services industry. The paper, titled “Promoting Investor Success, Industry Inn...
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The Section 199A tax deduction for small and family-owned businesses supports 1.1 million jobs directly, 590,000 jobs through increased employee compensation, and another 853,000 jobs from related con...
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The U.S. House of Representatives passed two bills that seek to combat potential threats posed by China. One of the bills that passed is the Taiwan Conflict Deterrence Act of 2023 (H.R. 554), spons...
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The Securities and Exchange Commission (SEC) approved a new quality control standard for the Public Company Accounting Oversight Board’s (PCAOB). The new standard -- QC 1000, A Firm’s System o...
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The North American Securities Administrators Association (NASAA) issued its annual report on the state-registered investment adviser industry. NASAA’s Investment Adviser Section Annual Report exa...
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On Friday, the Securities and Exchange Commission (SEC) announced it had settled charges against Esmark in regard to its proposed purchase of U.S. Steel. According to the SEC’s order, Esmark, at...
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U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny Werfel highlighted some of the key milestones in their departments’ various initiatives, including collecti...
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On Thursday, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) held the sixth of 10 planned event to bring the public and private sector together to combat fentanyl. F...
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U.S. Sen. Elizabeth Warren (D-MA) is urging the Internal Revenue Service (IRS) to increase its scrutiny of Real Estate Investment Trusts (REITs). Last week, the IRS issued a warning about hotel an...
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U.S. banks insured by the Federal Deposit Insurance Corporation (FDIC) saw net income increase 11.4 percent in the second quarter, according to the FDIC’s Quarterly Banking Profile. The 4,539 com...
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The search is underway for the next president and CEO of the Federal Reserve Bank of Philadelphia. The new president and CEO will succeed Patrick T. Harker who is leaving his position on June 30, 2...
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The Commodity Futures Trading Commission (CFTC) settled charges this week against a digital assets firm for trading violations. The charges were filed against Universal Navigation Inc., doing busin...
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A new survey from the National Federation of Independent Business (NFIB) shows growing optimism among small businesses in the United States. Specifically, the report showed optimism rising in all ...
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An analysis published by the U.S. Department of the Treasury found that entrepreneurship has surged during the Biden-Harris Administration and small businesses are poised for future growth. Among t...
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Sen. Ron Wyden (D-OR), Senate Finance Committee chairman, recently urged the Centers for Medicare & Medicaid Services (CMS) and the Administration for Children and Families (ACF) to use existing autho...
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