A group of Republican House leaders expressed concerns with the Federal Deposit Insurance Corporation (FDIC) over what they perceive as a lack of engagement with the public on financial technology and...
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The Securities and Exchange Commission (SEC) charged an individual and his company with fraud for his crypto trading course. The individual, Brian Sewell, and his company, Rockwell Capital Managem...
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A bipartisan group of Congressional lawmakers introduced a resolution last week that seeks to to overturn the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 rule...
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U.S. Sens. Todd Young (R-IN), Tammy Duckworth (D-IL), and Jim Risch (R-ID) introduced legislation in the Senate last week that would allow banks to invest up to 15 percent of their capital in Small Bu...
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A House subcommittee held a hearing this week on what many called the lack of economic analysis in federal banking regulators proposed changes to bank capital requirements. The hearing by the Subc...
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The U.S. House of Representatives passed the Tax Relief for American Families and Workers Act this week by a margin of 357-70. The bipartisan bill, H.R. 7024, includes $600 billion of tax incentiv...
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U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are sponsoring a bill in the U.S. Senate that would make the Paid Family and Medical Leave (PFML) Employer Tax Credit permanent. Their bill, the ...
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The Office of the Comptroller of the Currency (OCC) is seeking feedback on a proposal to update its rules for business combinations involving national banks and federal savings associations. In ad...
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The Federal Reserve Board’s proposal to cap debit interchange fees could increase consumer costs by up to $2 billion, according to a new white paper. The paper, called How Proposed Interchange Fe...
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U.S. Rep. Maxine Waters (D-CA) voiced her concern about five trademark applications by Meta Platform related to digital assets services and blockchain technology. Waters, the ranking member on the ...
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The Commodity Futures Trading Commission (CFTC) issued a request for comment last week for information on the current and potential uses and risks of artificial intelligence (AI) in the derivatives ma...
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U.S. Rep. Brad Sherman (D-CA) released a draft of legislation that would exclude investments in China, Russia, Belarus, and Iran from eligibility for lower capital gains tax rates. Sherman’s No ...
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The Securities and Exchange Commission (SEC) adopted new rules and amendments this week that would impact initial public offerings (IPOs) by special purpose acquisition companies (SPACs). SPAC IPOs...
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The Public Company Accounting Oversight Board (PCAOB) took disciplinary action against a firm and individuals tied to it for violations of its rules and standards. Specifically, the actions were ta...
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U.S. Rep. Zach Nunn (R-IA) and U. S. Sen. Jerry Moran (R-KS) are leading an effort to caution federal regulators on how they believe the new proposed capital requirements on banks would impact the agr...
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The CEO of an investment management firm was sentenced to prison for fraudulently misappropriating profitable trades to himself, at the expense of investors, according to the U.S. Department of Justic...
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U.S. Rep. John Curtis (R-UT) introduced a bill that would prohibit natural asset companies, or any similar entity, from entering into any agreement that would impact public land. In October 2023, t...
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A group of U.S. senators sent a letter to federal regulators last week, voicing their support for the new capital rules proposed by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC...
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More than 1,000 projects have registered for the clean energy tax credits program, according to the U.S. Department of the Treasury and Internal Revenue Service (IRS). The Inflation Reduction Act ...
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U.S. Reps. Ann Wagner (R-MO), Chris Pappas (D-NH), and Tim Burchett (R-TN) are pushing for a legislative fix for Form 1099-K reporting requirements that the lawmakers say would create bureaucratic hur...
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