Congressional Democrats recently introduced bicameral legislation to crack down on offshore tax loopholes and raise billions in revenue by improving tax enforcement and strengthening anti-money launde...
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U.S. Rep. Patrick McHenry (R-NC) on March 11 reintroduced the Protecting Consumer Access to Credit Act, which would reform the Fair Credit Reporting Act (FCRA) by ensuring accurate and secure credit p...
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A group of Republican senators recently urged colleagues to pass legislation they said is designed to expand retirement plan access for millions of Americans. Sen. Tim Scott (R-SC) recently joined ...
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The House Committee on Education and Labor has introduced a measure designed to overhaul the higher education system by lowering the cost of college for students and families. Lawmakers said the Co...
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Rebekah Goshorn Jurata has been appointed by the Securities and Exchange Commission (SEC) to serve on the Public Company Accounting Oversight Board (PCAOB). Jurata, whose term will expire on Oct. 2...
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Recently released Financial Industry Regulatory Authority (FINRA) study findings determined investors with low levels of financial knowledge lack confidence in their ability to meet their financial go...
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The Credit Union National Association (CUNA) is supporting President Donald Trump’s recent issuance of an executive order requiring regulatory agencies to seek comment on federal guidance and enhanc...
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The Department of the Treasury and Internal Revenue Service (IRS) have issued a series of proposed regulations the agencies said are designed to address taxpayer regulatory relief initiatives. Th...
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The Government Accountability Office (GAO) has issued the Internal Revenue Service (IRS) a series of recommendations to address identifying tax-exempt entity abusive schemes. The GAO’s analysis d...
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The Insured Retirement Institute (IRI), Allianz Life, and LifeYield LLC recently crafted an analysis regarding the significant transformation taking place in the financial services industry. Impro...
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The National Federation of Independent Business (NFIB) has released findings of the most recent survey assessing the effectiveness of the Tax Cuts and Jobs Act. “This new data confirms what smal...
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Findings generated from a LexisNexis Risk Solutions analysis determined lending fraud financially impacts smaller banks, credit unions, and digital lenders at twice the rate of larger competitors. ...
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Securities and Exchange Commission (SEC) officials said imploring individuals to invest early to save for the future, imparting information on choosing an investment professional and diversification w...
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The Government Accountability Office (GAO) has issued four recommendations to the Financial Crimes Enforcement Network (FinCEN) within the Treasury Department as a means of enhancing reports focusing ...
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Senate Banking Committee members recently introduced a bill designed to enhance corporate transparency while aiding law enforcement in addressing money laundering and terrorist financing. The Impro...
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The Consumer Financial Protection Bureau’s latest quarterly consumer credit trends report probed the nuances of consumer bankruptcy trends and its wide-ranging impact. The analysis describes how ...
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Sen. Michael Bennet (D-CO) recently applauded the House of Representatives’ advancement of the SAFE Banking Act of 2019, noting it addresses issues in medicinal or recreational cannabis states. B...
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Department of Labor recently established the final Fair Labor Standards Act (FLSA) rule, making 1.3 million workers eligible for overtime pay under the statute. The action updates the earnings thre...
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Legislation designed to promote greater inclusion in the nation’s financial system has been advanced out of the Financial Services Committee for full House of Representatives consideration. Reps....
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The House of Representatives recently advanced legislation introduced by Reps. Ben McAdams (D-UT) and Bill Huizenga (R-MI) designed to provide federal securities officials with more time to recover il...
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