The House Committee on Rules will consider a bill that seeks to provide regulatory clarity for digital assets. Specifically, the rules committee will consider the Financial Innovation and Technolog...
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The Federal Reserve Board issued a report last week that details the Climate Scenario Analysis (CSA) exercise that it conducted with six of the nation's largest banks. The report describes how thes...
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Financial firms and organizations, including the Securities Industry and Financial Markets Association SIFMA) announced a Regulated Settlement Network (RSN) proof-of-concept (PoC) to explore the feasi...
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The Federal Deposit Insurance Corporation (FDIC) released a report this week reviewing the working place culture at the FDIC and allegations of harassment. The review, done by Cleary Gottlieb, an i...
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A new rule has been proposed by federal regulators that addresses incentive-based compensation arrangements for large financial institutions. Section 956 of the Dodd-Frank Wall Street Reform and Co...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced a draft legislative proposal to address shortages of generic medicines, including chemotherapy drugs and ADHD medications. The proposal ...
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The U.S. Senate passed a bill last week that would stop the Internal Revenue Service (IRS) from imposing fines and penalties on American hostages and wrongful detainees for late tax payments while the...
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A new report from the Consumer Financial Protection Bureau (CFPB) details the complex costs and fees in health savings accounts. A health savings account is a tax-advantaged account that generally...
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The U.S. House of Representatives unanimously approved this week a bipartisan bill sponsored by U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) that seeks to incentivize greater private capit...
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A new report from the Consumer Financial Protection Bureau (CFPB) has found that 15 million Americans still have medical bills on their credit reports despite changes by the major credit reporting age...
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