A group of financial industry organizations weighed in on two proposals related to cybersecurity put forth by the Securities and Exchange Commission (SEC). One of the SEC proposals in question is ...
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Federal bank regulators released final joint guidance to help banks manage risks associated with third-party relationships, including financial technology companies. Specifically, the final guidanc...
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The U.S. House of Representatives passed a bipartisan bill this week that would allow an issuer to communicate with potential investors to determine interest in a securities offering, either before or...
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The U.S. House of Representatives passed unanimously passed a bill this week that is designed to improve access to capital markets for investors. The Accredited Investor Definition Review Act, int...
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U.S. Reps. Patrick McHenry (R-NC) and Glenn Thompson (R-PA) released a discussion draft of a bill that would provide a statutory framework for digital asset regulation. The discussion draft intende...
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U.S. Reps. Matt Rosendale (R-MT) and Chrissy Houlahan (D-PA) introduced legislation recently that would create a separate classification for industrial hemp and establishing a new regulatory regime fo...
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Six federal regulatory agencies are seeking public comment on a proposed rule that looks to ensure the integrity of real estate valuation models used by mortgage originators and secondary market issue...
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The Consumer Financial Protection Bureau (CFPB) published an analysis last week on the safety of storing funds on digital payment apps. The analysis revealed that funds stored on these apps, such a...
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk issued a staff advisory this week on the risks related to the clearing of digital assets. Specifically, staff ...
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The U.S. House of Representatives passed legislation this week that would direct the Securities and Exchange Commission (SEC) to assess regulatory costs of compliance for small and growing businesses....
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U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, is cautioning U.S Treasury against regulating outbound investment to China. In a letter to Yellen, McHenry express...
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The New York City Banking Commission voted to limit deposits at Capital One and KeyBank after the banks failed to submit plans, as required, demonstrating their efforts to root out discrimination. ...
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The Office of the Comptroller of the Currency (OCC) has revised its policies and procedures manual on bank enforcement actions regarding actions against banks that fail to correct persistent weaknesse...
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The U.S. Department of the Treasury launched a new public-private partnership that is dedicated to bolstering regulatory and private sector cooperation. This new partnership, called the Cloud Execu...
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The U.S. Senate Permanent Subcommittee on Investigations (PSI) is seeking communications and records from accounting firm KPMG related to its audits of three failed banks—Silicon Valley Bank, Signat...
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FMI, the Food Industry Association, expressed its support for the approval of a bill by the House Energy & Commerce Committee that would prohibit pharmacy benefits managers (PBMs) from engaging in spr...
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U.S. Sen. Marco Rubio and U.S. Rep. María Elvira Salazar (R-FL) introduced legislation that seeks to better track foreign real estate buyers in large markets. It would also raise the withholding tax ...
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The U.S. House of Representatives passed two bills this week that were first introduced in the House Financial Services Committee. The China Financial Threat Mitigation Act of 2023 (H.R. 1156), sp...
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U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) introduced legislation that seeks to bring more clarity to the regulatory classification of digital assets. Currently, existing securities law doe...
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U.S. Sens. Thom Tillis (R-NC) and Jon Tester (D-MT) are urging President Joe Biden to appoint an independent investigator to probe the causes of the recent collapse of Silicon Valley Bank, First Repub...
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