The Consumer Financial Protection Bureau (CFPB) issued a statement saying it will not prioritize enforcement actions related to buy now, pay later loans. Specifically, it will not prioritize enforc...
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U.S. Rep. Rob Bresnahan, Jr. (R-PA) introduced legislation that would ban stock trading for Members of Congress. His bill, the Transparency in Representation through Uniform Stock Trading Ban (TRUS...
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A group of leading House Republicans released a discussion draft of a bill to establish a regulatory framework for digital assets in the United States. The discussion draft establishes clear, funct...
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Credit Suisse Services AG pleaded guilty this week to conspiring to hide more than $4 billion from the Internal Revenue Service (IRS) in at least 475 offshore accounts. The guilty plea is the culm...
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The Huntington National Bank recently opened a new branch in Spartanburg, S.C., marking the expansion of the Ohio-based bank into the Carolinas. The full-service branch located at 172 East Main St...
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U.S. Reps. Lloyd Smucker (R-PA) and Sharice Davids (D-KS) have introduced legislation designed to eliminate a hidden tax on federal student loans. Following legislation that passed in 2010, all fed...
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A group of financial services trade associations are urging the President’s Working Group on Digital Asset Markets to remove barriers to financial institutions engaging in digital asset activities. ...
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A process that expedites a vote on legislation that establishes the first ever regulatory framework for payment stablecoins was initiated by U.S. Senate Majority Leader John Thune (R-SD). The bill,...
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U.S. Reps. Mike Kelly (R-PA) and Jimmy Panetta (D-CA) introduced legislation that seeks to promote employee ownership through private Employee Stock Ownership Plans (ESOPs). The Promotion and Expan...
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U.S. Sens. Ruben Gallego (D-AZ) and Dave McCormick (R-PA) introduced a bill in the senate that is designed to increase the supply of affordable housing. The bipartisan Housing Affordability Act se...
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U.S. Sens. Todd Young (R-IN) and Maria Cantwell (D-WA) introduced legislation that will spur the construction of some 1.6 million new affordable homes over the next decade. The Affordable Housing C...
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U.S. Sen. Elizabeth Warren (D-MA) led a group of 40 Democratic senators who are seeking answers on how the Trump administration plans to fulfill the mandates of the Consumer Financial Protection Burea...
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The Securities and Exchange Commission (SEC) recently filed a complaint in the U.S. District Court for the Eastern District of Texas charging three Dallas-Fort Worth residents with operating a Ponzi s...
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The Securities and Exchange Commission (SEC) issued an analysis of the key market areas of public issuers. The analysis focuses on the areas of exempt offerings, Commercial Mortgage-Backed Securiti...
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The House Financial Services Committee released the draft of a bill that would defund the Public Company Accounting Oversight Board (PCAOB) and transfer its activities to the Securities and Exchange C...
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Houston-based Cadence Bank has agreed to acquire Industry Bancshares for between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock. Industry Bancshares,...
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New research from asset manager Vanguard outlines investor perspectives on proxy voting. Proxy voting allows shareholders to support governance standards in the manner they believe will protect an...
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U.S. Rep. John Moolenaar (R-MI), chairman of the House Select Committee on China, is urging two major U.S. banks to withdraw from their role in the upcoming Hong Kong initial public offering (IPO). ...
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The Federal Reserve Board is seeking feedback on a proposal to reduce the volatility of the capital requirements and change the bank annual stress test. It is part of the Fed’s commitment to make...
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is sanctioning Shandong Shengxing Chemical Co., a “teapot” refinery company in China for its role in purchasing more than $...
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