U.S. Rep. French Hill (R-AR) introduced legislation in the House that seeks to permit additional sources of payment and financial data in reviewing a person’s credit. The Credit Access and Inclus...
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U.S. Ron Wyden (D-OR) and U.S. Rep. Don Beyer (D-VA) are calling on U.S. Attorney General Merrick Garland to stop a Swiss bank from enabling tax evasion by U.S. citizens. Wyden, the chair of the Se...
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The Global Financial Markets Association (GFMA) released a report that examines the potential benefits of distributed ledger technology (DLT) for capital markets. The report, The Impact of Distribu...
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A bipartisan group of U.S. senators introduced a bill this week that would ban the Federal Retirement Thrift Investment Board (FRTIB) from investing assets in countries of concern, including China and...
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U.S. Reps. Patrick McHenry (R-NC) and Jimmy Panetta (D-CA) introduced legislation in the House this week that would make changes to the Internal Revenue Service’s (IRS) electronic Income Verificatio...
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The Federal Housing Finance Agency (FHFA) is seeking public feedback on Fannie Mae and Freddie Mac’s single-family pricing framework. Specifically, the request for input (RFI) is soliciting publ...
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A group of Congressional Democrats have filed an amicus brief in the U.S. Supreme Court defending the Consumer Financial Protection Bureau (CFPB) in a court case. The brief was filed in support of ...
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A group of Congress members, including U.S. Reps. Brad Sherman (D-CA) and Katie Porter (D-CA), are urging the Internal Revenue Service (IRS) to create a free, direct e-file tool for taxpayers. This...
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The U.S. Chamber of Commerce has filed a lawsuit against the Securities and Exchange Commission (SEC) to stop it from implementing a rule that disincentivizes companies from using stock buybacks. T...
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The Financial Industry Regulatory Authority (FINRA) has expelled broker-dealer SW Financial for multiple violations. The violations include making misrepresentations to customers in its sales of pr...
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A group of U.S. Senate Republicans introduced legislation last week to recover funds lost to unemployment insurance (UI) fraud. The Protecting Taxpayers and Victims of Unemployment Fraud Act seeks ...
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The Federal Deposit Insurance Corporation (FDIC) proposed a rule that would implement a special assessment to recover costs associated with protecting uninsured depositors following the closures of Si...
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The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on the borrowers' debt-to-income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. This follows an annou...
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The Consumer Financial Protection Bureau (CFPB) affirmed this week that a bank may violate federal law if it reopens a deposit account to process transactions after a consumer has already closed it. ...
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U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, outlined committee Republicans’ priorities for fiscal year (FY) 2024 appropriations. In a letter to House Approp...
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The International Swaps and Derivatives Association (ISDA) published a white paper this week that examines the role of derivatives in energy security. The paper – titled Energy Security and the R...
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U.S. Sen. Tim Scott (R-SC) is seeking answers from the Federal Housing Finance Agency (FHFA) about its recent changes to mortgage financing. Earlier this month, the FHFA launched a new pricing fra...
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A group of banking and financial services organizations have taken issue with a rule proposed by the Securities and Exchange Commission (SEC) that would expand the reach of the custody rule. The pr...
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State Street Corp. introduced a new tool that allows asset managers and other financial services institutions to integrate carbon-related assets into their portfolios. State Street’s Carbon Asset...
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The Securities and Exchange Commission (SEC) has charged Pinnacle Advisors for aiding and abetting liquidity rule violations by a mutual fund it advised and whose liquidity risk management program the...
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