Financial Industry Regulatory Authority (FINRA) officials have selected Haimera Workie to lead the agency's Office of Financial Innovation. The office is an outgrowth of the Innovation Outreach Ini...
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Credit Union National Association (CUNA) officials are encouraging the the Consumer Financial Protection Bureau (CFPB) to delegate large credit union supervision to the National Credit Union Administr...
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U.S. Bank announced this week that the institution will expand its retail banking presence to Charlotte, N.C., beginning in fall 2019. “U.S. Bank operates across the country with a commitment to ...
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A Fidelity Investments’ Retirement Mindset Study has determined a disconnect exists between how people feel about their financial health and level of confidence about their future financial health i...
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The Securities and Exchange Commission (SEC) said a San Francisco-based lender would pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other i...
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Department of the Treasury and Internal Revenue Service (IRS) officials have unveiled a six-year modernization plan. The effort is designed to provide taxpayers with excellent service, aid in meeti...
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Sen. Bob Menendez (D-NJ) recently introduced legislation enabling legal cannabis businesses to access banking services. The proposal would aid medicinal or recreational marijuana businesses ...
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As a means of bolstering taxpayer fraud protection, Senate Finance Committee Ranking Member Sen. Ron Wyden (D-OR) and Sen. Ben Cardin (D-MD) have introduced a measure designed to allow the IRS to req...
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Sens. Bill Cassidy (R-LA) and Tim Scott (R-SC) introduced a resolution this week declaring April as Financial Literacy Month, highlighting the importance of learning and maintaining fiscally responsi...
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A bipartisan group of lawmakers recently introduced a bill designed to ensure legal cannabis businesses can access banking services. The Secure and Fair Enforcement (SAFE) Banking Act of 2019 woul...
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An Insured Retirement Institute (IRI) survey maintains retirement anxiety is growing among Baby Boomers, outlining 45 percent of Boomers have zero savings for their golden years. The analysis dete...
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Rep. Lee Zeldin (R-NY) recently joined congressional colleagues and small businesses in seeking permanent H-2B visa reform. The H-2B visa nonimmigrant program permits employers to hire foreign wor...
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The Securities and Exchange Commission (SEC) has launched a public service campaign designed to help investors take control of their financial future. “Main Street investors around the country h...
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Federal financial regulators have updated the current expected credit loss (CECL) standard's frequently asked questions (FAQ) document, assisting institutions and examiners in clarifying CECL resourc...
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Sens. Dick Durbin (D-IL) and Tim Kaine (D-VA) introduced last week a bill seeking to increase funding, training and support for the more than 34 million family caregivers. The Supporting Americaâ€...
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The U.S. Chamber of Commerce has released survey findings determining main street businesses depend on financial system diversity and choice to access needed growth resources. The analysis stems f...
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Sens. Rob Portman (R-OH), Ben Cardin (D-MD), Roy Blunt (R-MO), Sherrod Brown (D-OH), Bill Cassidy (R-LA) and Bob Menendez (D-NJ) recently introduced a bill designed to give the Work Opportunity Tax C...
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Maryann Kennedy has been named the Office of the Comptroller of the Currency's (OCC) Senior Deputy Comptroller for Large Bank Supervision. “Maryann brings great experience and talent to this new...
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Federal Reserve Board and Federal Deposit Insurance Corporation (FDIC) officials recently completed evaluations of 14 banking organization 2017 resolution plans while issuing expectations for the nex...
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House Ways and Means Subcommittee on Oversight Chairman John Lewis (D-GA) and Ranking Member Mike Kelly (R-PA) introduced last week the Taxpayer First Act, which they said is designed to reform the I...
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