U.S. Sen. Tim Scott (R-SC) on June 26 released updated provisions from the Senate Banking Committee to the Senate Republicans’ "One Big Beautiful Bill" that would generate savings of more than $1.5 ...
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The Conference of State Bank Supervisors (CSBS) issued guidance last week related to virtual currency. Specifically, the guidance is around the treatment of virtual currency when calculating a lice...
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The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) recently published three new reports on broker-dealers, mergers and acquisitions (M&A), and business developmen...
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U.S. Sens. Maria Cantwell (D-WA), Senate Committee on Commerce, Science and Transportation ranking member, and Edward J. Markey (D-MA), Senate Small Business and Entrepreneurship Committee ranking mem...
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The U.S. Comptroller of the Currency (OCC) approved an interagency notice of proposed rulemaking to modify the enhanced supplementary leverage ratio (SLR) for global systemically important banks (GSIB...
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Twenty-four percent of small businesses use AI technologies for business activities. This number increases to 48 percent for companies with more than 50 employees, according to the National Federation...
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The Office of the Investor Advocate at the Securities and Exchange Commission (SEC) outlined its objectives for fiscal year 2026 in a report to Congress this week. The key priorities in the Report ...
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The Public Company Accounting Oversight Board (PCAOB) announced disciplinary sanctions against sanctioning Deloitte Accountants B.V.(PDF) (“Deloitte Netherlands”), PricewaterhouseCoopers Accountan...
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U.S. Rep. French Hill (R-AR) introduced legislation he said will stimulate economic growth by limiting the capital gains tax rate. Hill joined U.S. Rep Greg Steube (R-FL) to introduce the Revitali...
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A group of Republicans on the Senate Banking Committee released a set of principles for the development of comprehensive market structure legislation. The principles will be used to guide discussio...
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The Federal Housing Administration (FHA) is proposing to level its upfront capitalized and annual mortgage insurance premiums (MIPs) to 25 basis points across the board for all multifamily program cat...
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The Securities and Exchange Commission (SEC) recently named Kevin Muhlendorf as the agency’s next inspector general, effective July 28. “Kevin has the ideal combination of experience in intern...
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U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Maxine Waters (D-CA) said they want answers about how the National Credit Union Administration’s Board can function after illegally firing two of its ...
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The Securities Industry and Financial Markets Association (SIFMA) along with the International Swaps and Derivatives Association (ISDA) offered feedback to the Federal Reserve Board of Governors on it...
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The U.S. House of Representatives passed 10 bills from the House Financial Services Committee on June 23, legislation that collectively supports small businesses, expands access to capital, protects h...
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According to the NFIB, optimism amongst small businesses is on the rise. The NFIB Small Business Optimism Index rose three points in May, sending above the 51-year average of 98, the organization ...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one individual and eight entities, and identified one vessel as blocked property, for involvement in the proc...
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The Financial Industry Regulatory Authority (FINRA) recently approved two rule proposals and appointed members to its advisory committees. Specifically, the FINRA board approved issuing a Regulator...
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As the tax-exempt status of credit unions is currently being debated in Washington, credit unions are working together to amplify the collective voice of credit unions and preserve their tax-exempt st...
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The Social Security and Medicare Boards of Trustees and the U.S. Department of the Treasury recently released its annual Social Security and Medicare Trustees Reports. “Hardworking Americans shou...
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