The Securities Industry and Financial Markets Association (SIFMA), along with the SIFMA Asset Management Group are among 26 associations urging the Securities and Exchange Commission (SEC) not to adop...
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U.S. Sens. Ron Wyden (D-OR), Sherrod Brown (D-OH), and Bill Cassidy (R-LA) introduced legislation to reform the Supplemental Security Income (SSI) program. The SSI Savings Penalty Elimination Act w...
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The Federal Housing Finance Agency (FHFA) is rolling out more opportunities for the public to engage with it on the transition to updated credit score models and credit report requirements for loans a...
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CME Group, the world's leading derivatives marketplace, got approval from federal regulators for its enhanced cross-margining arrangement with the Depository Trust & Clearing Corporation (DTCC). Th...
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The Consumer Bankers Association and the Bank Policy Institute reached out to federal government agencies on what they perceive as misconceptions about medical payment products. The misconceptions ...
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The Insured Retirement Institute (IRI) said modifications should be considered for a proposed model from the National Association of Insurance Commissioners (NIAC) on insurers’ use of algorithms, pr...
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The Federal Deposit Insurance Corporation (FDIC) released an internal review evaluating the agency’s supervision of First Republic Bank, which failed earlier this year. The report, conducted by F...
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The Internal Revenue Service (IRS) has begun an initiative to improve tax compliance among high-income earners, partnerships, large corporations, and promoters abusing the nation's tax laws. The ef...
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U.S. banks posted aggregate net income of $70.8 billion in second quarter of 2023, down about $9 billion, or 11.3 percent, from first quarter 2023, according to the Federal Deposit Insurance Corporati...
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U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) introduced legislation recently that would increase capital available to small businesses, particularly those in rural or low-income areas. ...
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The Bank Policy Institute (BPI) launched an ad campaign this week on what it contends are the consequences of a proposal to increase capital requirements for banks. The ad campaign, called “Stop ...
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U.S. Sen. Thom Tillis (R-NC) is leading a coalition of Republicans on the Senate Banking Committee in urging the Consumer Financial Protection Bureau (CFPB) to halt the effective date of the small bus...
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U.S. Reps. Mike Carey (R-OH) and Earl Blumenauer (D-OR) are calling on the Internal Revenue Service (IRS) to provide additional guidance on historic preservation easements so they can be more accessib...
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A bipartisan group in the U.S. House of Representatives voiced their opposition to a proposal by the Securities and Exchange Commission (SEC) that would impact mutual fund investors. Currently, mu...
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U.S. Reps. Mark Green (R-TN), Andrew Garbarino (R-NY), and Zach Nunn (R-IA) are urging the Securities and Exchange Commission (SEC) to rethink a new rule on cybersecurity for public companies. The...
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The Securities and Exchange Commission (SEC) is directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) to file a new national market system (NMS) plan. This new plan...
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Visa is expanding its stablecoin settlement capabilities to the Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. The payment processing company has already moved million...
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U.S. Sen. Bill Cassidy, M.D. (R-LA) and U.S. Rep. Virginia Foxx (R-NC) are urging the Department of Labor (DOL) to cease any further action to amend the definition of an investment advice fiduciary. ...
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U.S. Sens. Marsha Blackburn (R-TN) and Tom Cotton (R-AR) introduced legislation that would require investment advisors and retirement plan sponsors to focus primarily on financial factors, such as max...
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The U.S. Department of Health and Human Services is recommending that the U.S. Drug Enforcement Agency (DEA) move marijuana from Schedule I to Schedule III under the Controlled Substances Act. Sche...
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