The Department of Homeland Security (DHS) issued a final rule that will allow U.S. companies that need seasonal workers to more quickly fill those jobs. The rule will modernize and improve the H-2...
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The Securities and Exchange Commission recently adopted amendments that specify how submissions are made with the commission. The amendment requires broker-dealers, clearing agencies, national secu...
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The Consumer Financial Protection Bureau (CFPB) put out a warning about some credit card companies operating rewards programs that may be breaking the law. The warning addresses practices in credi...
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Legislation that would ban the Department of Veterans Affairs from retroactively collecting pension benefits from veterans’ families after they die. Introduced by U.S. Sens. Steve Daines (R-MT) ...
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San Francisco-based Ripple, a digital asset infrastructure provider to financial institutions, began being available on global exchanges on Monday as Ripple USD (RLUSD). RLUSD is stablecoin, a type...
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The U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee adopted three sets of recommendations for the CFTC’s consideration after a public meeting on Dec. 10. The recomme...
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A new report found that community bank managers are focused on modernizing their core banking solutions in the coming year. The report, from CSI, a leading provider of end-to-end financial softw...
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U.S. Rep. Ron Wyden (D-OR), chair of the Senate Finance Committee, released draft legislation that seeks to close a tax loophole. The loophole is used to shelter income from taxes through the use o...
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A new report from HSBC Innovation Banking says the U.S. technology sector is entering the “agentic age” where artificial intelligence will redefine modern life. The report is the organization...
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The Consumer Financial Protection Bureau’s (CFPB) annual report on trends in the residential mortgage lending market showed a significant decline in mortgage lending activities in 2023. The repor...
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Several trade associations, along with the Managed Funds Association (MFA) have asked the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to extend a repor...
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The Securities and Exchange Commission (SEC) Director of the Division of Corporation Finance Erik Gerding is leaving the agency, effective Dec. 31. “I want to thank Erik for his leadership of the...
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Global financial services firm Cantor Fitzgerald, L.P. has been charged with making misleading statement to investors, according to the Securities and Exchange Commission. The SEC alleges the comp...
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The Mortgage Bankers Association (MBA) recently announced a proposal to develop a Ginnie Mae securitization to attract more private capital sources of liquidity in the event of a severe economic downt...
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Shareholders for WesBanco and Premier Financial overwhelmingly approved the previously announced merger of the two banks. The merger involves WesBanco, based in West Virginia, acquiring Premier, ba...
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The Consumer Bankers Association (CBA) is among a group of entities taking legal action against the Consumer Financial Protection Bureau's (CFPB) final rule on overdraft services. The American Ban...
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U.S. Sens. Ron Wyden (D-OR) and Elizabeth Warren (D-MA) are seeking information from TD Bank Group about a criminal conspiracy involving a fentanyl money laundering scheme. The criminal conspiracy ...
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The Securities and Exchange Commission (SEC) recently filed a complaint in the U.S. District Court for the Eastern District of New York against Ken Peterman, Comtech Telecommunications Corp.’s forme...
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The Consumer Financial Protection Bureau (CFPB) adopted a final rule that closes an outdated overdraft loophole that exempted overdraft loans from lending laws. The reforms, which apply to banks a...
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U.S. Rep. Blake Moore (R-UT) announced his bill to require the Congressional Budget Office to produce more economic data passed in the House Wednesday. The bill, Increasing Baseline Updates, would...
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