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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The U.S. Attorney’s Office filed a complaint in U.S. District Court for the District of Columbia over more than $225.3 million in cryptocurrency “confidence scams.” According to the complaint...
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A group of prominent former financial regulators are urging Congress not to eliminate the Office of Financial Research (OFR) in the proposed budget bill. The regulators, including former Treasury S...
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Washington, D.C.-based Business Roundtable, an association of CEOs working to promote a thriving U.S. economy and expanded opportunity through public policy, recently released an updated playbook desi...
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The U.S. Senate passed a bill that establishes a regulatory framework for stablecoins in the United States. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act passed...
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U.S. Sen. Ron Wyden (D-OR) introduced two pieces of legislation that seek to close tax loopholes for investors and corporations. One of the bills is the Preventing Abusive Routine Tax Nonsense Enab...
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U.S. Sen. Mike Crapo (R-ID), chairman of the Senate Finance Committee, this week released the legislative text within the committee’s jurisdiction for inclusion in the budget reconciliation bill. ...
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The federal bank regulatory agencies are seeking feedback on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud. Payments fraud generally re...
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The U.S. District Court for the Northern District of Texas recently entered a final judgment and consent order against Texas-based Agridime. Agridime has been ordered to pay $103 million in restitu...
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U.S. Rep. Troy Downing (R-MT) introduced legislation in the House that exempts fixed income securities from Securities and Exchange Commission (SEC) Rule 15c2-11. Rule 15c2-11 was adopted by the SE...
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A group of financial industry associations, led by the Bank Policy Institute (BPI), are calling on federal financial regulators to reform how sensitive data is handled. This request follows a serie...
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The Securities and Exchange Commission (SEC) recently appointed Jamie Selway as Division of Trading and Markets director, effective today. “I’d like to welcome Jamie to the SEC,” SEC Chairman...
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The Office of Inspector General (OIG) for the Federal Reserve System and the Consumer Financial Protection Bureau is investigating the Trump administration’s actions to dismantle the CFPB. The O...
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The Homebuyers Privacy Protection Act, viewed as an important first step in limiting unwanted robocalls that inundate consumers, advanced in Congress last week. The bill, S. 1467, passed the Senate...
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A group of nine Republican U.S. Senators recently sent a letter to David Richardson, Federal Emergency Management Agency (FEMA) acting administrator, requesting the agency repeal Risk Rating 2.0. P...
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The American Institute of CPAs (AICPA) is providing a framework for controls over stablecoins, the digital asset that is currently a key focus of regulatory activity in the United States. The draft...
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A bill by U.S. Rep. Dan Meuser (R-PA) modernizing crowdfunding regulation and expanding access to capital for small businesses passed out of the House Financial Services Committee Wednesday. In a ...
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The U.S. District Court for the District of Massachusetts recently ordered My Big Coin Pay, Mark Gillespie and John Roche to jointly pay $6.4 million in restitution to victims defrauded by their role ...
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A bill that seeks to foster fintech innovations was approved by the House Financial Services Committee this week. The bill is called the Securing Innovation in Financial Regulation Act (H.R. 3690),...
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U.S. Sen. Todd Young (R-IN) is urging the Securities and Exchange Commission (SEC0 to protect the U.S. economy from manipulations by the Chinese Community Party. In a letter to SEC Chair Paul Atki...
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