The Securities and Exchange Commission (SEC) has charged two North Carolina-based executives and their Malta-based registered investment adviser, alleging they defrauded clients via undisclosed transa...
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State attorneys general representing 21 states are commending the U.S. Department of Education (DOE) proposed improvements to the 90/10 Rule. Massachusetts Attorney General Maura Healey and Minneso...
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Office of Comptroller of the Currency Acting Comptroller Michael J. Hsu recently toured South Carolina, highlighting an effort to assess financial needs within rural communities. The South Carolina...
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Secret Service personnel said the agency has returned to the Small Business Administration (SBA) approximately $286 million in fraudulently obtained Economic Injury Disaster Loans (EIDL). “The Se...
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The Securities and Exchange Commission (SEC) has adopted rule amendments addressing executive pay versus performance disclosure. “The Commission has long recognized the value to investors of info...
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Abaca, a financial platform for cannabis operators, and Pacific Valley Bank are partnering as a means of expanding cannabis banking access within the California market. This marks the first time si...
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Texas Comptroller Glenn Hegar has released a list of financial companies boycotting energy companies, noting the companies are subject to divestment provisions via Texas Government Code Chapter 809. ...
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A Pew Research Center survey found that among the 16 percent of domestic adults having invested, traded or used a cryptocurrency, 46 percent reported their investments have done worse than expected. ...
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The Federal Housing Finance Agency (FHFA) recently announced plans to establish a Federal Advisory Committee with a focus on affordable, equitable, and sustainable housing. “The formation of an a...
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The California Department of Tax and Fee Administration (CDTFA) has issued its cannabis revenue report for the second quarter of 2022. As of Aug. 16, 2022, total cannabis tax revenue from second-qu...
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A Mortgage Bankers Association (MBA) report showed commercial and multifamily loan originations rose 19 percent in the second quarter of 2022 compared to last year. The MBA indicated its Quarterly ...
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According to the latest National Association of Federally-Insured Credit Unions (NAFCU) Macro Data Flash report, existing home sales fell in July, representing the sixth consecutive month reflecting a...
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The Independent Community Bankers of America (ICBA) recently forwarded correspondence to the Federal Deposit Insurance Corporation (FDIC), encouraging the agency to reject the application of Ford Cred...
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The Federal Deposit Insurance Corporation (FDIC) has issued letters to five companies regarding misleading crypto-related false or misleading deposit insurance representations. Based upon evidence ...
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NAFCU President and CEO Dan Berger recently forwarded correspondence to the Consumer Financial Protection Bureau (CFPB), opposing the potential expansion of CFPB Regulation E liability. Regulation...
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The Public Company Accounting Oversight Board (PCAOB) is seeking public input regarding its five-year strategic plan draft to aid the organization in its mission to protect investors. “The people...
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Florida Insurance Consumer Advocate (ICA) Tasha Carter and the American Property Casualty Insurance Association (APCIA) recently announced their collaborated effort to aid Floridians in combating cont...
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Leaders of the House Committee on Energy & Commerce and its subcommittees recently forwarded correspondence to four cryptomining companies, seeking insight regarding the environmental and energy impac...
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Federal Housing Finance Agency (FHFA) and Government National Mortgage Association (Ginnie Mae) officials have detailed updated minimum financial eligibility requirements for seller/servicers and issu...
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The Cannabis Regulators of Color Coalition has issued a paper supporting Safe and Fair Enforcement (SAFE) Banking Act amendments, with U.S. Sen. Cory Booker (D-NJ) also noting the bill requires change...
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