During recent testimony before the Senate Banking Committee, the American Bankers Association (ABA) encouraged the Senate to advance legislation providing cannabis-related businesses access to the reg...
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House lawmakers advanced this week the Stopping Bad Robocalls Act, noting the bill serves as legislator’s latest attempt to curb fraudulent robocalls. The legislation contained language amended i...
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North American Securities Administrators Association (NASAA) officials are touting the benefits of regulators and industry convening in the coming months to discuss this year's theme, "100 Years of Pr...
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Equifax has reached a data breach settlement with the Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC) and 48 states, the District of Columbia and Puerto Rico. The ...
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Sens. Dianne Feinstein (D-CA), Dick Durbin (D-IL) and Jack Reed (D-RI) introduced last week a measure designed to eliminate corporate inversions, which allow companies to shift corporate citizenship t...
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Rep. Lauren Underwood (D-IL) joined a bipartisan group of lawmakers seeking to overturn Treasury Department regulations seeking to restrict state and local taxes (SALT) deductibility guidelines. L...
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The House Committee on Financial Services recently conducted a markup of eight bills legislators said would benefit consumers and investors disaster relief funding programs. “I am pleased to say ...
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Sens. Todd Young (R-IN), Pat Toomey (R-PA) and Tom Cotton (R-AR) introduced Monday a bill designed to ensure federal funds cannot be used to help state, territory or local governments pay off obligati...
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The Homebuyer Assistance Act of 2019 has been advanced by the House Financial Services Committee, with officials maintaining the measure would make it easier for homebuyers to buy a home. The bill,...
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The Business Roundtable has issued a government and industry-centric plan designed to address methods of strengthening digital identity while reducing identity theft and fraud. “With digital iden...
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Rep. Sean Casten (D-IL) and Sen. Elizabeth Warren (D-MA) recently touted the potential benefits of the Climate Risk Disclosure Act of 2019, which would require public companies to disclose key informa...
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Five federal financial regulatory agencies have adopted a guideline excluding community banks from the Volcker Rule. The Volcker Rule generally restricts banking entities from engaging in proprieta...
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The Government Accountability Office (GAO) has offered the Internal Revenue Service (IRS) and Department of Labor (DOL) recommendations regarding exemption oversight of prohibited IRA transactions. ...
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The American Bankers Association (ABA) recently provided the Internal Revenue Service (IRS) with feedback regarding the Opportunity Zones tax incentive, noting there are several operational issues to ...
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A group of lawmakers recently participated in a briefing yielding insight into the Financial Crimes Enforcement Network’s (FinCEN) use of artificial intelligence (AI) and machine learning (ML) techn...
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Commodity Futures Trading Commission (CFTC) officials said two whistleblowers have garnered awards totaling $2 million for providing the agency with significant information prompting the CFTC to open ...
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The Financial Services Forum recently forwarded correspondence to the Financial Stability Board (FSB) regarding the effects of reforms agreed by the G-20 following the global "too-big-to-fail" financi...
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Efforts to foster collaboration in support of minority depository institution’s (MDIs) continued vibrancy took center stage at a recent Federal Deposit Insurance Corporation (FDIC) roundtable event....
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Credit Union National Association (CUNA) officials said the organization would continue to work with Congress regarding National Defense Authorization Act (NDAA), despite Senate passage of its version...
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Sens. Marco Rubio (R-FL), Ron Wyden (D-OR) and Sheldon Whitehouse (D-RI) recently reintroduced the Corporate Transparency Act, maintaining the measure would prevent individuals from using shell compan...
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