The Securities and Exchange Commission (SEC) today settled cease-and-desist proceedings against Citigroup Global Markets for violating recordkeeping requirements. Recordkeeping requirements of the ...
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The Commodity Futures Trading Commission (CFTC) settled charges against Goldman Sachs for violating the cease-and-desist provision of a prior order as well as recordkeeping violations in connection wi...
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The board of the Federal Deposit Insurance Corporation (FDIC) proposed rules this week to strengthen resolution planning for insured depository institutions (IDIs). First, the FDIC’s proposed IDI...
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U.S. house prices climbed 3 percent in the second quarter, compared to the second quarter a year ago, according to the Federal Housing Finance Agency (FHFA) House Price Index. Compared to the firs...
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The Consumer Financial Protection Bureau (CFPB) reached a settlement with the largest credit repair companies in the country for violations related to telemarketing and collecting advanced fees. S...
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A group of Republican House leaders are voicing their objections to the Federal Reserve related to the establishment of a regulatory framework for payment stablecoins. The lawmakers, led by Rep. ...
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The U.S. Treasury Department issued a report this week that examines the role that labor unions play in the economy. The report, conducted by the Treasury’s Office of Economic Policy, finds that ...
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U.S. Sen. Elizabeth Warren (D-MA) led more than 75 of her Congressional colleagues in urging President Joe Biden to swiftly deliver on his promise to deliver student debt cancellation to working and m...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today released proposed regulations on the sale and exchange of digital assets by brokers. This proposal is part of the ...
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The Securities and Exchange Commission (SEC) has taken action against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for overcharging thousands of investment advisory account...
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Four federal agencies will host a roundtable discussion next month on the availability of special purpose credit programs (SPCP) to meet the credit needs of eligible individuals. SPCPs are a tool per...
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Two leaders on the U.S. House Financial Services Committee are urging the Public Company Accounting Oversight Board (PCAOB) to reevaluate the proposed changes to its Company Noncompliance with Laws an...
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The Securities and Exchange Commission (SEC) adopted amendments last week that narrow the exemption from a law that requires broker-dealers to become a member of a national securities association. Sp...
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U.S. Sen. Joni Ernst (R-IA) led a field hearing in Des Moines, Iowa, to examine the impact of federal regulations on small businesses. Ernst is the sponsor of legislation called the Prove It Act, whi...
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The Securities and Exchange Commission (SEC) adopted new rules and amendments to enhance the regulation of private fund advisers and update the existing compliance rule. The SEC said that these chang...
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The Consumer Financial Protection Bureau (CFPB) sued an installment lender based in Greenville, South Carolina, for illegal loan-churning practices that harvested hundreds of millions in loan costs an...
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The Federal Home Loan Bank of New York (FHLBNY) awarded nearly $42 million in subsidies to fund 42 affordable housing initiatives in several states. The awards, which went to initiatives in New Jerse...
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The Securities and Exchange Commission (SEC) filed charges against Titan Global Capital Management USA for using hypothetical performance metrics in misleading advertisements. Titan Global, a New Yor...
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The Financial Industry Regulatory Authority (FINRA) named Bill St. Louis as its new head of enforcement, effective immediately. In this new role, St. Louis will be responsible for the management of a...
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The Credit Union National Association (CUNA), along with Cornerstone League and Rally Credit Union, filed to join an injunction that seeks to stop implementation of the Consumer Financial Protection B...
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