The U.S. Department of Labor (DOL) has finalized its Retirement Security Rule, which updates the definition of an investment advice fiduciary. The final rule requires trusted investment advice provid...
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The G7 Cyber Expert Group said Tuesday it had completed a cross-border coordination exercise that would ensure its effectiveness in a widespread financial sector cyber incident. Authorities with the ...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) are urging the nation’s four largest banks to protect consumers from wire fraud. In a letter to the CEOs of JPMorgan Chase, Bank of America, ...
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On Thursday, U.S. Rep. Blaine Luetkemeyer introduced legislation that would force federal agencies to identify the number of small businesses that would be affected by new regulations. The Regulat...
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A bill led by U.S. Rep. French Hill (R-AR) that would require the U.S. Treasury Department to brief Congress on the finances of Iranian leadership and require financial institutions to close accounts ...
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On Tuesday, U.S. Rep. Roger Williams (R-TX), chairman of the House Committee on Small Business, asked the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice to reco...
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U.S. Senate Small Business and Entrepreneurship Committee Ranking Member Joni Ernst (R-IA) has requested that the Small Business Administration’s (SBA’s) Office of Inspector General (OIG) launch a...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned KPMG Accountants N.V. and its former head of assurance, Marc Hogeboom, for violations of PCAOB rules and quality control standards. ...
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U.S. Reps. Patrick McHenry (R-NC) and Brittany Pettersen (D-CO) introduced legislation last week that is designed to deter hackers and establish guide rails for financial institutions to respond to ra...
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A new report from the American Bankers Association (ABA) reveals a growing optimism among bank economists about the outlook for credit conditions over the next six months. The ABA’s Credit Condit...
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