U.S. Rep. Barry Loudermilk (R-GA) introduced legislation last week to update the definition of a stock exchange under the Securities Exchange Act of 1934 to account for new business models. The Exc...
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The Department of Labor’s (DOL) fiduciary rule for financial advisors, which went into partial effect on June 9, is causing hardships for retirements savers, according to a new study from the Securi...
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Federal regulators recently extended the deadline for 19 foreign banking organizations and two large domestic bank holding companies to file resolution plans – the companies’ strategy for rapid an...
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U.S. Sen. Elizabeth Warren (D-MA) is asking the CEOs of 16 large financial institutions if they support or oppose the Consumer Financial Protection Bureau's (CFPB) plan to eliminate the arbitration cl...
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Sen. Tim Scott (R-SC) along with Reps. Ed Royce (R-CA) and Blaine Luetkemeyer (R-MO) will be among the speakers at the National Association of Federally Insured Credit Unions (NAFCU) Congressional Cau...
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The number of very poor families struggling to pay their monthly rent and living in substandard housing increased between 2013 and 2015, according to a report by the U.S. Department of Housing and Urb...
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The Federal Reserve Board released final guidelines last week that will be used to evaluate requests for joint accounts at Federal Reserve Banks. Joint accounts are intended to facilitate settlemen...
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U.S. Sens. John Boozman (R-AR), John Hoeven (R-ND), and Luther Strange (R-AL) recently introduced legislation to increase the maximum federal loan amount that an individual farmer or rancher can recei...
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The Insured Retirement Institute (IRI) is asking the Department of Labor to delay the applicability date of the fiduciary rule until January 1, 2020, adding that the rule has already prevented consume...
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The American Council of Life Insurers (ACLI) recently urged the U.S. Department of Labor to revoke and replace its fiduciary for retirement advice, which went into partial effect June 9. The DOL’...
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U.S. Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), and Dick Durbin (D-IL) recently urged the Consumer Financial Protection Bureau (CFPB) to identify barriers that prevent women and minority entrepreneur...
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The Consumer Financial Protection Bureau (CFPB) introduced four potential designs of an overdraft opt-in form, which make it easier for people to understand what it means when they opt in for debit ca...
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A bipartisan group of senators introduced a bill that would protect the ability of manufactured home customers to buy, sell, and refinance homes. The Preserving Access to Manufactured Housing Act ...
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U.S. Sen. Sherrod Brown (D-OH) applauded the Trump Administration’s expected trade action against China for violating intellectual property laws. U.S. Trade Representative Robert Lighthizer is ex...
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Congressional Democrats are urging Department of Housing and Urban Development Secretary Ben Carson to reinstate the previously scheduled cut to Federal Housing Administration mortgage insurance premi...
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The Federal Reserve Board is seeking public comment on a proposal to enhance the effectiveness of corporate boards of directors. The proposal would refocus the Federal Reserve's supervisory expect...
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The Securities and Exchange Commission (SEC) recently promoted Donna Esau to associate regional director for examinations in the agency's Atlanta Regional Office. Esau was promoted from acting asso...
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U.S. Sens. Tim Scott (R-SC) and Mark Warner (D-VA) introduced last week legislation to include some of the 26 million “credit invisible” individuals in the housing market. The Credit Score Comp...
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The Office of the Comptroller of the Currency (OCC) is seeking public input on ways to revise and improve the Volcker Rule, which was created as part of the Dodd-Frank Act. The Volcker Rule, named ...
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U.S. Sen. Ron Wyden (D-OR) is looking to repeal sanctions and normal trade relations with the country. Wyden introduced a bill in the Senate this week, the U.S.-Cuba Trade Act of 2017, that would r...
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