The U.S. House of Representatives passed a bill that seeks to help small business owners who are veterans grow their businesses. The Successful Entrepreneurship for Reservists and Veterans (SERV) A...
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Senate Democrats want to know if the U.S. Department of Housing and Urban Development’s focus on reprivatizing Fannie Mae and Freddie Max will make mortgages more expensive. In a letter to HUD S...
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The U.S. House of Representatives recently passed bipartisan legislation that would increase the percentage of capital and surplus a bank or federal savings association can invest in Small Business In...
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Melanie Krause, the current Internal Revenue Service (IRS) chief operating officer, recently was named acting IRS commissioner, effective Friday. Krause will replace Acting Commissioner Doug O’Donne...
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Commercial banks and savings institutions generated $66.8 billion in net income in the fourth quarter, up 2.3 percent from the previous quarter. For the full year, the banking industry reported ne...
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U.S. Sen. Ron Wyden (D-OR) and other colleagues urged two federal courts to affirm that Congress has the power to crack down on money laundering. As part of an amicus brief in the Texas Top Cop Sh...
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The Commodity Futures Trading Commission (CFTC) put out an advisory on how the commission’s Division of Enforcement will evaluate self-reporting, cooperation, and remediation when recommending enfor...
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U.S. Sens. Jerry Moran (R-KS) and Mark Warner (D-VA) introduced a bill in the senate that would ensure that federal broadband deployment funding will not be considered taxable income. Currently, gr...
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U.S. Reps Jimmy Panetta (D-CA) and Mike Kelly (R-PA) introduced legislation that seeks to incentivize homeowners to sell their properties, increasing the housing supply and alleviating affordability c...
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Two bills designed to reform the Small Business Administration (SBA) disaster loan process, as well as to fix the broken federal work force, advanced out of the U.S. Senate Committee on Small Business...
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The majority of Americans, 76 percent, are cutting back on spending, according to financial services company Wells Fargo’s money study. The percentage is higher among younger survey participants. A ...
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J.P. Morgan is expanding its private credit commitment, allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. The strategic move – announced at th...
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U.S. Rep. Barry Loudermilk (R-GA) introduced legislation that would prohibit the Securities and Exchange Commission (SEC) from requiring that personally identifiable information be collected under con...
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CME Group, the world’s largest leading derivatives marketplace, and the Depository Trust & Clearing Corporation (DTCC), agree to expand their cross-margining arrangement Monday, a move they said wil...
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U.S. Sens. Elizabeth Warren (D-MA), Catherine Cortez Mastro (D-NV), Mark Warner (D-VA), Michael Bennet (D-CO), and Peter Welch (D-VT) want answers on how much extended tax cuts will cost. In a let...
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The Securities and Exchange Commission (SEC) created a new unit that focuses on combatting cyber-related misconduct as it relates to investors. Specifically, the newly established Cyber and Emergin...
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A group of Republicans in the House are seeking answers from the Federal Deposit Insurance Corporation (FDIC) on its plans related to the digital asset activities of regulated financial institutions. ...
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Bipartisan legislation recently introduced in the U.S. Senate would streamline tax filing and payment for individuals and small businesses. The Tax Administration Simplification Act would do three ...
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California Gov. Gavin Newsom recently announced a proposal that would create a more than $125 million mortgage relief program to assist homeowners whose homes were destroyed or severely damaged by rec...
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U.S. Rep. Brian Fitzpatrick (R-PA) introduced bipartisan legislation that seeks to help families access quality and affordable child care. The bill, the Affordable Child Care Act, would double thre...
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