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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The Federal Reserve Board's Office of Inspector General (OIG) appointed Michael E. Horowitz as its lead, effective June 30. He succeeds Mark Bialek who retired in April after more than 13 years as ins...
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