The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will help the agency ensure that nonbank companies offering digital funds transfer and payment wallet apps follow the sam...
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A new survey from the American Bankers Association shows a rise in the use of mobile apps for online banking. The survey, conducted by Morning Consult, said that 55 percent of bank customers use ap...
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The Securities and Exchange Commission announced it had filed 583 enforcement actions during the 2024 fiscal year, and obtained a record $8.2 billion in remedies. The commission said its actions r...
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A bipartisan resolution recently introduced in the U.S. House of Representatives recognizes the 100th anniversary of mutual funds. Massachusetts Investors Trust launched the first modern mutual fun...
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The U.S. Treasury Department announced last week, on the 30th anniversary of the establishment of the Community Development Financial Institutions (CDFI) Fund, that it is awarding $76 million in Techn...
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A coalition of financial industry trade associations are calling on the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal concerning brokered deposits. The proposed changes to th...
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A bipartisan bill that would remove the tax-exempt status of U.S.-based organizations found to be materially supporting terrorist organizations passed the U.S. House of Representatives on Nov. 21. ...
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During in fiscal year 2024, the U.S. Securities and Exchange Commission (SEC) initiated 80 enforcement actions against public companies and subsidiaries. While this is 12 percent less than 2023, it is...
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A newly introduced bipartisan resolution in Congress would block the implementation of a recent tax credit rule that applies to the production of component parts and critical minerals used in clean en...
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U.S. Sens. Mark R. Warner (D-VA), Mike Rounds (R-SD). and Cynthia Lummis (R-WY) introduced a bill that seeks to strengthen the nation’s response to financial threats stemming from China. In summ...
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