A Republican bill that would bolster congressional oversight of the Securities and Exchange Commission (SEC) was introduced in the House of Representatives on Jan. 18. The Review the Expansion of Gov...
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Republicans on the U.S. Senate Banking Committee are calling on federal financial regulators to withdraw their proposal to raise bank capital requirements. The Republican members of the committee, le...
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The Consumer Bankers Association (CBA) issued a white paper this week that examines the impacts of federal banking regulators' proposal to increase capital requirements on banks and financial institut...
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The Futures Industry Association (FIA) voiced its opposition to proposed rules by federal bank regulators that would increase capital requirements for derivatives clearing services that banks offer to...
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The U.S. House of Representatives passed several bills this week from the House Financial Services Committee, including two that are designed to protect Taiwan. One of them is the Taiwan Non-Discri...
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The Securities and Exchange Commission (SEC) charged investment bank Morgan Stanley and the former head of its equity syndicate desk with fraud. Specifically, the SEC charged Pawan Passi, the forme...
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U.S. Sen. Ron Wyden (D-OR), chair of Senate Finance Committee, and U.S. Rep. Jason Smith (R-MO), chair of the House Ways and Means Committee, put forth a framework for a new tax proposal. The bipa...
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U.S. Rep. Darin LaHood (R-IL) introduced legislation this week that looks to modernize Generalized System of Preferences and enhance digital trade in the United States. The Digital Trade for Develo...
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A group of U.S. senators are calling on the Department of Housing and Urban Development (HUD) and the Consumer Financial Protection Bureau (CFPB) to review the gap in mortgage approval rates between w...
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House Financial Services Committee Chair Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) have formed a new working group on artificial intelligence (AI). The bipartisan Working Group...
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U.S. Rep. Tom Emmer (R-MN) reintroduced this week a bill that would bring the Financial Stability Oversight Council (FSOC) under congressional appropriations and oversight. The Financial Stability ...
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A bipartisan group of Congress members expressed their concerns to the Department of Labor over its proposed fiduciary rule. The proposal includes changes to the existing regulatory framework gover...
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The Mortgage Bankers Association's (MBA) 2024 Commercial Real Estate Finance (CREF) Outlook Survey found that the market for commercial and multifamily mortgage originators will stabilize over the cou...
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The U.S. Chamber of Commerce released the 2024 State of American Business Data Center report this week, which examines the nation’s economic resilience, post-pandemic. The report details the resili...
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The Financial Industry Regulatory Authority (FINRA) published its Annual Regulatory Oversight Report this week, which provides member firms with a recap of recent regulatory activities they can use to...
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The Insured Retirement Institute (IRI) is spearheading an initiative that seeks to transform the industry through the use of digital solutions for managing annuities. IRI’s Digital First initiati...
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A new survey from the National Association of Manufacturers (NAM) found that optimism among small- and mid-sized firms remains below average. NAM’s Manufacturers’ Outlook Survey for the fourth ...
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The Securities Industry and Financial Markets Association (SIFMA) expressed its concerns with a recent proposal by the Securities and Exchange Commission (SEC) on transaction pricing. The SEC’s p...
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The Consumer Financial Protection Bureau (CFPB) provided an update on its oversight of student loan servicing practices in the early months of the resumption of federal student loan repayments. Aft...
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The Independent Community Bankers of America (ICBA) has come out in favor of a new proposal by federal regulators that would require banks with $100 billion or more in assets to hold minimum levels of...
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