U.S. Sens. Tim Scott (R-SC) and John Thune (R-SD) are among a group of lawmakers expressing concerns over efforts by the Federal Insurance Office to bring environmental, social, and governance (ESG) s...
Read More
Following the recent bank failures, the Federal Deposit Insurance Corporation (FDIC) released an overview of the deposit insurance system and options for reform. The report, called Options for Depo...
Read More
The Federal Deposit Insurance Corporation (FDIC) released the results of an internal review of New York-based Signature Bank, which failed in March. The review, conducted by chief risk officer Mars...
Read More
A couple of bills sponsored by U.S. Rep. Bryan Steil (R-WI) were approved by the House Financial Services Committee last week. Both pieces of legislation seek to help startups. The first bill, H.R....
Read More
U.S. Sen. Tim Scott (R-SC) released a discussion draft of a bill he authored that seeks to reform the U.S. housing market. The discussion draft of his bill – the Renewing Opportunity in the Ameri...
Read More
The U.S. Treasury Department issued the 2023 De-risking Strategy, which examines how financial institutions are de-risking and why. De-risking occurs when financial institutions terminate or restr...
Read More
U.S. Rep. Abigail Spanberger (D-VA) is urging the U.S. House Committee on House Administration to hold a hearing on efforts to ban Members of Congress and their families from trading individual stocks...
Read More
This week, the Financial Stability Oversight Council (FSOC) issued a proposed analytic framework for financial stability risks. The new framework, which is now open to public comment, is designed...
Read More
U.S. Rep. Bob Latta (R-OH) is among a group of Republican lawmakers who introduced legislation that would expand access to health savings accounts (HSAs). HSAs permit individuals to make tax-free c...
Read More
Congressional lawmakers are seeking answers from the Consumer Financial Protection Bureau on a data breach involving personal account information. The data breach, first reported by the Wall Street...
Read More