U.S. Reps. Patrick McHenry (R-NC) and Jimmy Panetta (D-CA) introduced legislation in the House this week that would make changes to the Internal Revenue Service’s (IRS) electronic Income Verificatio...
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A group of Congress members, including U.S. Reps. Brad Sherman (D-CA) and Katie Porter (D-CA), are urging the Internal Revenue Service (IRS) to create a free, direct e-file tool for taxpayers. This...
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The U.S. Chamber of Commerce has filed a lawsuit against the Securities and Exchange Commission (SEC) to stop it from implementing a rule that disincentivizes companies from using stock buybacks. T...
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The Federal Deposit Insurance Corporation (FDIC) proposed a rule that would implement a special assessment to recover costs associated with protecting uninsured depositors following the closures of Si...
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The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on the borrowers' debt-to-income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. This follows an annou...
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The International Swaps and Derivatives Association (ISDA) published a white paper this week that examines the role of derivatives in energy security. The paper – titled Energy Security and the R...
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A group of banking and financial services organizations have taken issue with a rule proposed by the Securities and Exchange Commission (SEC) that would expand the reach of the custody rule. The pr...
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The Securities and Exchange Commission (SEC) has charged Pinnacle Advisors for aiding and abetting liquidity rule violations by a mutual fund it advised and whose liquidity risk management program the...
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A group of Congressional lawmakers are calling on the Federal Reserve to pause interest rate hikes. Last week, the Federal Reserve voted to raise interest rates by 25 basis points, the 10th straigh...
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U.S. Sens. Tim Scott (R-SC) and Brian Schatz (D-HI) introduced legislation this week that seeks to protect those living in flood-prone communities. The Repeatedly Flooded Communities Preparation A...
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