Bill targets unqualified tax preparers

By Douglas Clark | June 27, 2019 | Featured

Reps. Ron Estes (R-KS) and Terri Sewell (D-AL) introduced this week a bill designed to address unqualified tax preparers. The measure protects taxpayers by allowing the IRS to remove such persons f...

Sen. Brown laments NCUA capital rules delay

By Douglas Clark | June 26, 2019 | Featured

Sen. Sherrod Brown (D-OH) is expressing displeasure with National Credit Union Administration’s (NCUA) decision to delay implementing its risk-based capital rule protecting the credit union system a...

FRN analysis reveals financial system resilience

By Douglas Clark | June 25, 2019 | Federal

Federal Reserve Board officials said financial system supervisory stress test results determined institution’s remain resilient. “The nation's largest banks are significantly stronger than befo...

Bill targets retirement planning simplification

By Douglas Clark | June 24, 2019 | Federal

Sen. John Kennedy (R-LA) has crafted a bill designed to enhance retirement savings plan options while simplifying the process. Kennedy said the measure would make it easier and less expensive for s...

NAFCU favors reform of the Bank Secrecy Act

By Douglas Clark | June 21, 2019 | Federal

The National Association of Federally-Insured Credit Unions (NAFCU) is supporting legislative efforts to strengthen and reform the Bank Secrecy Act (BSA) laws while combating illicit activity. In c...

SIFMA offers dissenting view of NJ fiduciary rule

By Douglas Clark | June 20, 2019 | Featured

The Securities Industry and Financial Markets Association (SIFMA) is offering a dissenting opinion regarding New Jersey’s proposed rule to create a state fiduciary standard. “To best protect in...

Measure seeks to expand credit access

By Douglas Clark | June 19, 2019 | Featured

A bipartisan group of senators recently introduced a bill designed to expand credit access opportunities for Americans. Sens. Angus King (I-Maine), Joe Manchin (D-WV), Tim Scott (R-SC), Doug Jones ...

Bill targets corporate board diversity

By Douglas Clark | June 18, 2019 | Federal

Rep. Carolyn B. Maloney (D-NY), chair of the House Committee on Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, introduced legislation designed to ensure ...

Housing Financial Literacy Act advances Financial Services Committee

By Douglas Clark | June 17, 2019 | Federal

The House Committee on Financial Services has voted to advance the Housing Financial Literacy Act of 2019, which is designed to aid first-time homebuyers. The measure, introduced by Rep. Joyce Beat...

Index determines CEO projections reserved

By Douglas Clark | June 14, 2019 | Industry

The Business Roundtable’s Q2 2019 CEO Economic Outlook Index has determined CEO expectations for sales and plans for capital spending over the next six months are healthy but decreased. “The se...

CFPB to hold first symposium on June 25

By Douglas Clark | June 13, 2019 | Featured

Consumer Financial Protection Bureau (CFPB) officials said the Dodd-Frank Act’s prohibition on abusive acts or practices would be the prime focus of its first symposium on June 25. The effort is ...

Bill establishes senior fraud task force

By Douglas Clark | June 12, 2019 | Federal

Sens. Susan Collins (R-ME) and Kyrsten Sinema (D-AZ) recently introduced legislation designed to create a task force focused on protecting seniors from fraud, financial crimes, and scammers. The Se...

Sens. Cassidy, Kennedy join colleagues seeking National Flood Insurance Protection reforms

By Douglas Clark | June 11, 2019 | Federal

Sens. Bill Cassidy (R-LA) and John Kennedy (R-LA) released statements last week maintaining that the House Financial Services Committee legislation extension of the National Flood Insurance Program (N...

Lawmakers seek bank diversity data

By Douglas Clark | June 10, 2019 | Federal

The House Financial Services Subcommittee on Diversity and Inclusion has forwarded correspondence to over three dozen financial institutions to request diversity and inclusion data and policies. Re...

KPMG examines CEO outlook

By Douglas Clark | June 7, 2019 | Industry

A newly released KPMG report has determined chief executives are confident in the growth prospects of domestic and global economies over the next three years. “U.S. CEOs are highly confident and ...

Report examines companies climate change risks

By Douglas Clark | June 7, 2019 | Industry

A newly released CDP Financial study maintains worldwide companies representing nearly $17 trillion in market capitalization have valued the climate risks to their businesses at almost $1 trillion. ...

American Bankers Association adds nine banks to ABAQ

By Douglas Clark | June 5, 2019 | Industry

The American Bankers Association (ABA) recently added nine institutions to the ABA NASDAQ Community Bank Index (ABAQ), increasing the index to include a total of 328 community banks with $255 billion ...

American Financial Service Association addresses concerns with FCC

By Douglas Clark | June 4, 2019 | Federal

The call blocking declaratory ruling and notice of proposed rulemaking (NPRM) were among the topics the American Financial Services Association (AFSA) recently engaged the Federal Communications Commi...

PIA National supports National Flood Insurance Program extension

By Douglas Clark | June 3, 2019 | Federal

The National Association of Professional Insurance Agents (PIA National) supports the House of Representatives effort to extend the National Flood Insurance Program (NFIP) for two weeks ending June 14...

Erin Schneider named director of regional SEC office

By Douglas Clark | May 30, 2019 | Featured

The Securities and Exchange Commission (SEC) has selected Erin E. Schneider to lead its San Francisco Regional Office. Schneider, who joined the SEC staff in 2005 as a staff attorney in the San Fra...