A bill that seeks to foster fintech innovations was approved by the House Financial Services Committee this week. The bill is called the Securing Innovation in Financial Regulation Act (H.R. 3690),...
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The Congressional Joint Committee on Taxation (JCT) released a report that details what officials called “immense handout to the wealthy” found in the Republican proposal to expand the tax deducti...
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A high-profile legal battle that pits a Texas pension fund against a group of activist investors is heading back to the trial court — but only for a limited review as to whether the pension fund...
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A group of financial industry associations are urging federal financial regulators to reform rules protecting sensitive data following a series of data breaches. Financial institutions are legally ...
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U.S. Rep. Nydia Velázquez (D-NY) introduced legislation to help small businesses comply with beneficial ownership reporting requirements under the Corporate Transparency Act (CTA). The bill, the F...
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Leaders of the House Financial Services Committee are seeking to reform the leverage rules at the Federal Reserve and Office of Comptroller of the Currency (OCC). In a letter to the heads of the F...
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The U.S. Senate confirmed Federal Reserve Governor Michelle Bowman to serve as the central bank's Vice Chair for Supervision on Wednesday in a 48-46 vote. Bowman replaces Michael Barr, who resigned...
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The Federal Reserve has lifted the asset growth restriction it had placed on Wells Fargo, one of the nation’s largest banks. The bank had an asset growth restriction imposed on it by the Fed back...
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A bipartisan group of U.S. senators led by Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO) introduced legislation that would require the Securities and Exchange Commission (SEC) to propose rules...
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The Bank Policy Institute (BPI), Forcht Bank and the Kentucky Bankers Association filed a motion in U.S. District Court for the Eastern District of Kentucky over a Consumer Financial Protection Bureau...
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