The Federal Deposit Insurance Corporation (FDIC) is demanding that three companies and certain of their officers cease and desist from making false and misleading statements about FDIC deposit insuran...
Read More
U.S. Sens. Sherrod Brown (D-OH) and Tim Scott (R-SC) introduced legislation to hold senior executives of failed banks accountable on several fronts. Specifically, the Recovering Executive Compensat...
Read More
A bill that would streamline healthcare reporting requirements for employers was advanced by the House Committee on Ways and Means this week. The Employer Reporting Improvement Act would accomplis...
Read More
The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Spring 2023, highlighting key issues facing the federal banking system. Overall, the OCC reported t...
Read More
U.S. Rep. Donald Norcross (D-NJ) has reintroduced a measure he maintains would enhance retirement security via an annuity initiative. The Lifetime Income For Employees (LIFE) Act of 2023 would allo...
Read More
A group of lawmakers maintain legislation they have introduced would address pharmacy benefit managers (PBMs) compensation and aid in lowering prescription drug prices. U.S. Sens. Ron Wyden (D-OR)...
Read More
The House of Representatives Financial Services Committee Republican membership has forwarded correspondence to the Securities and Exchange Commission (SEC), seeking rescission of the agency's rulemak...
Read More
The Credit Union National Association (CUNA) recently filed comments with the Federal Housing Finance Agency (FHFA), offering suggestions regarding housing finance system lender equity access. “C...
Read More
The Insured Retirement Institute (IRI) has expressed support for the Lifetime Income for Employees (LIFE) Act (H.R. 3942), stating that its enactment is a priority as it offers improved lifetime incom...
Read More
The Consumer Financial Protection Bureau (CFPB) has outlined enforcement action against medical debt collector Phoenix Financial Services, alleging numerous debt collection and credit reporting violat...
Read More