A recent survey by the Consumer Financial Protection Bureau (CFPB) found that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of cred...
Read More
A group of Democrats in Congress recently introduced legislation that seeks to protect consumers from price gouging. The Price Gouging Prevention Act of 2024 would authorize the Federal Trade Commi...
Read More
The U.S. Chamber of Commerce rolled out a new tool that shows the economic impact of the 20 percent pass-through deduction on businesses, workers, and local economies. The tool, an interactive map...
Read More
The Financial Industry Regulatory Authority (FINRA) FINRA has fined Morgan Stanley Smith Barney for its repeated failures to timely close out failed inter-dealer municipal securities transactions. ...
Read More
U.S. Rep. Roger Williams (R-TX) has reached out to the head of the Environmental Protection Agency (EPA) about five proposed rules that he says could harm businesses, including small businesses. Th...
Read More
The Securities and Exchange Commission (SEC) proposed a rule this week that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund.” Specifically, the rul...
Read More
A group of Republican lawmakers are seeking answers from Treasury Secretary Janet Yellen on the Financial Stability Oversight Council (FSOC) efforts related to the spot market for digital assets. ...
Read More
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new rule to keep criminals and foreign adversaries from exploiting the U.S. financial system through in...
Read More
The U.S. Treasury Department and the Internal Revenue Service, in partnership with the Department of Energy (DOE), will stop accepting new applications for the 2023 program year for the Low-Income Com...
Read More
Commercial and multifamily mortgage loan originations were down 25 percent in the fourth quarter of 2023 compared to the same quarter a year ago, according to the Mortgage Bankers Association’s (MBA...
Read More
U.S. Reps. Guy Reschenthaler (R-PA) and Dina Titus (D-NV) expressed their support for a recent recommendation made by the Internal Revenue Service Advisory Council (IRSAC) on reporting slot machine wi...
Read More
The Consumer Financial Protection Bureau (CFPB) resolved an appeal in an enforcement suit against a foreclosure relief scam operation. The resolution of the case resulted in $12 million in consumer...
Read More
The Securities and Exchange Commission (SEC) adopted amendments to Form PF last week. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, inc...
Read More
U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Sean Casten (D-IL) are urging BAE Systems not to engage in stock buybacks during the time it is using funds from a Department of Commerce grant. BAE ...
Read More
The Securities and Exchange Commission (SEC) brought charges against a Florida-based firm for violations related to crypto assets. The SEC alleges that TradeStation Crypto, Inc., based in Plantatio...
Read More
The federal bank regulatory agencies issued a request for comment this week on ideas to reduce the regulatory burden. This request is in line with the Economic Growth and Regulatory Paperwork Redu...
Read More
U.S. Sen. Sheldon Whitehouse (D-RI) and U.S. Rep. Judy Chu (D-CA) introduced legislation that would close a tax loophole that allows individuals to avoid capital gains taxes on assets donated to dark ...
Read More
U.S. Sens. Ted Cruz (R-TX) and Bill Hagerty (R-TN) today introduced legislation that would block a rule from the Securities and Exchange Commission (SEC) related to technology in investing. In July...
Read More
Mortgage rates were at 6.71 percent as of January 24, more than one percentage point below recent highs, according to the ICE US Conforming 30-year Fixed Mortgage Rate Lock Index, produced by the Inte...
Read More
U.S. Reps. Patrick McHenry (R-NC) and Andy Barr (R-KY) voiced their concerns about the relationship of some Federal Reserve Banks with global organizations. The two lawmakers sent letters to Feder...
Read More