The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a Chinese cybersecurity company and one of its employees in relation to an April 2020 firewall incident. ...
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The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Solanofi entities for engaging in a digital assets multilevel marketing scheme worth at least $5.9 million. The...
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U.S. Reps. Adrian Smith (R-NE) and Chuck Edwards (R-NC) are among a group of 27 House lawmakers that are asking President-Elect Donald Trump to end the Internal Revenue Services’ Direct File pilot p...
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The Huntington National Bank recently hired Christopher Wood to join its Commercial Bank leadership team as executive managing director of capital markets and sponsor coverage, effective in March. Cap...
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An Ohio member of the U.S. House of Representatives recently voiced opposition to the Internal Revenue Service’s (IRS’s) expansion of the Digital Assets Sale and Exchanges Rule, also known as the ...
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U.S. Rep. Dan Meuser (R-PA) leveled criticism at the Financial Crimes Enforcement Network (FinCEN) for its lack of support for small businesses related to a recent rule change. Specifically, Meuse...
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The Securities and Exchange Commission (SEC) penalized Morgan Stanley Smith Barney LLC (MSSB) for failing to adequately supervise four investment advisers who alleged stole client assets. The SEC c...
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Intercontinental Exchange, a designer, builder and operator of digital networks, recently added Japanese Power Futures to its global energy offerings. “By offering Japanese Power Futures on a sin...
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The Consumer Financial Protection Bureau (CFPB) recently published an order that establishes supervisory authority over Google Payment Corp. Google Payment Corp. is subject to CFPB’s enforcement ...
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U.S. Sens. Elizabeth Warren (D-MA) and Michael Bennet (D-CO) joined U.S. Reps. Ro Khanna (D-CA) and Pramila Jayapal (D-WA) to reintroduce legislation to provide policymakers with data on the real-worl...
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The Republican members of the Senate Banking Committee are raising concerns about the delayed implementation and enforcement of sanctions on Iran’s oil sector. The Republicans on the committee, l...
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The Financial Stability Oversight Council approved its 2024 annual report, which reviews developments in financial markets, identifies vulnerabilities and emerging threats to financial stability, and ...
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Bipartisan legislation recently introduced in the U.S. House of Representatives would expand financial opportunities and strengthen workplace opportunities for Americans with disabilities. The ABLE...
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Though a federal court previously issued a preliminary injunction against the beneficial ownership information (BOI) reporting requirements issued in January, a newly proposed bill in Congress would p...
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The International Association of Insurance Supervisors (IAIS) adopted the global Insurance Capital Standard (ICS) at its annual meeting last week. This marks a major advancement in insurance super...
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The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to 4.3 million consumers that were illegally charged by credit repair companies. The consumers were charged illegal adva...
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The Financial Crimes Enforcement Network (FinCEN), state financial regulators and five federal financial regulatory agencies recently issued a statement to supervised institutions providing risk manag...
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The U.S. Department of the Treasury and the Internal Revenue Services issued final rules on the investment tax credit for clean energy project developers. The final rules pertain to the Section 48 ...
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Four bills that came from the House Financial Services Committee were passed by the U.S. House of Representatives this week. The four bills would cut red-tape preventing veterans from accessing ho...
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A new report from the Government Accountability Office has found that the Centers for Medicare and Medicaid Services (CMS) does not adequately enforce the ACA requirement that states fund the cost of ...
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