U.S. Sen. Elizabeth Warren (D-MA) is asking federal regulations to reject Wells Fargo’s petition to lift its asset cap. Wells Fargo’s recent appeal came days after an enforcement action from t...
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The U.S. Department of the Treasury and the IRS released final regulations to help entities that co-own clean energy projects access clean energy tax credits through elective pay, also called direct p...
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Legislation recently introduced in the U.S. House of Representatives would provide economic support for Louisiana farmers. The Farmer Assistance and Revenue Mitigation Act would provide farmers wit...
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Chinese-based BIT Mining Ltd., formerly known as 500.com Limited, an online sports lottery service provider, recently agreed to pay a $4 million civil penalty to resolve charges it violated the Foreig...
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The Federal Housing Finance Agency (FHFA) recently announced it is raising the multifamily loan purchase cap for Fannie Mae and Freddie Mac to $73 billion, a more than 4 percent spike from 2024. At le...
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Bipartisan legislation recently introduced in Congress would provide an above-the-line deduction for flood insurance premiums to help keep them affordable for Americans. “To keep families from ...
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A survey of banks conducted by the Consumer Bankers Association (CBA) looks at how the Consumer Financial Protection Bureau’s (CFPB) proposed rule on overdraft would impact consumers. The survey ...
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The Federal Deposit Insurance Corporation (FDIC) is extending the public comment period for its proposed rule on recordkeeping for custodial accounts by 45 days. On Sept. 17, the FDIC proposed a r...
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U.S. Sens. Susan Collins (R-ME) and Bill Cassidy, M.D. (R-LA) are seeking answers from the Bureau of Labor Statistics (BLS) on its consistent failures to produce accurate national jobs data. Each m...
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Newly proposed legislation on Capitol Hill would nullify certain interagency guidance pertaining to climate-related financial risk management for large financial institutions. U.S. Rep. Troy Balder...
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