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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Republic First Bank became the first bank to fail this year, as the Pennsylvania Department of Banking and Securities (DoBS) took possession of the Philadelphia-based bank last week. Citing its “un...
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A new white paper on redefining finance for a sustainable world was released last week by the Association of International Certified Professional Accountants (AICPA) and the Chartered Institute of Man...
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On Wednesday, the U.S. Chamber of Commerce announced that it was challenging the Federal Trade Commission’s (FTC) recent ruling banning noncompete clauses. The Chamber filed a coalition lawsuit ...
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