The Securities and Exchange Commission (SEC) penalized Morgan Stanley Smith Barney LLC (MSSB) for failing to adequately supervise four investment advisers who alleged stole client assets. The SEC c...
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The Republican members of the Senate Banking Committee are raising concerns about the delayed implementation and enforcement of sanctions on Iran’s oil sector. The Republicans on the committee, l...
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The Financial Stability Oversight Council approved its 2024 annual report, which reviews developments in financial markets, identifies vulnerabilities and emerging threats to financial stability, and ...
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The International Association of Insurance Supervisors (IAIS) adopted the global Insurance Capital Standard (ICS) at its annual meeting last week. This marks a major advancement in insurance super...
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The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to 4.3 million consumers that were illegally charged by credit repair companies. The consumers were charged illegal adva...
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The U.S. Department of the Treasury and the Internal Revenue Services issued final rules on the investment tax credit for clean energy project developers. The final rules pertain to the Section 48 ...
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Four bills that came from the House Financial Services Committee were passed by the U.S. House of Representatives this week. The four bills would cut red-tape preventing veterans from accessing ho...
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The federal bank regulatory agencies issued a notice seeking public comment on ways to reduce the regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the...
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Sound Credit Union, based in Tacoma, Wash., recently finalized its acquisition of Washington Business Bank, based in Olympia. Through this transaction, Sound acquired all assets and assumed substa...
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Republicans on the House Financial Services Committee, led by U.S. Reps. French Hill (R-AR) and Andy Barr (R-KY), are urging the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal tha...
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The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell personal and financial information. The proposed rule would limit the sale of personal ident...
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U.S. Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA) introduced two measures that focus on artificial intelligence (AI) in the financial services and housing industries. McHenry, chair of th...
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The Small Business Administration (SBA) and the Office of Management and Budget (OMB) took actions to increase access to federal lending and contracting opportunities for small businesses. The SBA...
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The Securities and Exchange Commission (SEC) updated its list of unregistered entities that use misleading information to solicit mainly non-U.S. investors The list, known as the Public Alert: Unre...
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The U.S. Department of the Treasury issued a report on the achievements during the first two years of the State Small Business Credit Initiative (SSBCI). The program, reauthorized and expanded by t...
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The Securities and Exchange Commission (SEC) filed fraud charges against a former executive at an asset management firm. The SEC charged Stephen Kenneth Leech, the former co-chief investment office...
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The Blockchain Association outlines its priorities for the upcoming Trump administration. The association, representing nearly 100 members, recently sent a letter to President-elect Donald Trump an...
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A new survey from the American Bankers Association shows a rise in the use of mobile apps for online banking. The survey, conducted by Morning Consult, said that 55 percent of bank customers use ap...
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The U.S. Treasury Department announced last week, on the 30th anniversary of the establishment of the Community Development Financial Institutions (CDFI) Fund, that it is awarding $76 million in Techn...
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A coalition of financial industry trade associations are calling on the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal concerning brokered deposits. The proposed changes to th...
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