A newly proposed bill in Congress would modernize the deposit insurance framework for business payment accounts to better support America’s small businesses. U.S. Rep. Maxine Waters (D-CA), the t...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued the final regulations for reporting requirements for DeFi brokers. DeFi brokers are front-end service providers int...
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The total number of loans now in forbearance increased to 0.50 percent at the end of November, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. MBA estimates ...
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A group of U.S. Congress members urged the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac (the Enterprises) to establish a clearer process to report maintenance, safety and other ...
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The Federal Reserve Board will seek public comment on changes to improve the transparency of its bank stress tests and reduce the volatility of capital buffer requirements. The stress tests evaluat...
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Two pieces of legislation were introduced earlier this month that address credit union. The Expanding Financial Access for Underserved Communities Act would help provide financial access to America...
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The Consumer Financial Protection Bureau (CFPB) recently sued Bank of America, JPMorgan Chase, Wells Fargo and Early Warning Services, a financial technology and consumer reporting company co-owned by...
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The Financial Industry Regulatory Authority (FINRA0 has ordered three financial firms to pay more than $8.2 million in restitution to customers. FINRA found that the three companies -- Edward Jones...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) raised concerns with the Federal Reserve about the growing risks posed by the private credit market. In a letter to Federal Reserve Chair Jerom...
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Companies across America would have the ability to contribute to the Health Savings Accounts (HSAs) of independent contractors without making them full-time employees under legislation being drafted b...
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