Legislation recently reintroduced in the U.S. House of Representatives would reform the private equity industry. Specifically, the Stop Wall Street Looting Act would require private equity firms, t...
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The American Institute of CPAs (AICPA) offered feedback to the Treasury Department and Internal Revenue Service (IRS) on the guidance it provided on certain basis-shifting transactions involving partn...
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The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund recently agreed to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program. ...
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The Independent Community Bankers of America (ICBA) expressed support for a proposed rule by the Federal Deposit Insurance Corporation (FDIC) that would enhance oversight of industrial loan companies,...
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In a landmark agreement, Citadel Federal Credit Union will pay the federal government over $6.5 million to resolve allegations that it engaged in lending discrimination by redlining predominantly blac...
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U.S. Sens. Elizabeth Warren (D-MA) and Sheldon Whitehouse (D-RI) are calling on the Public Company Accounting Oversight Board (PCAOB) to set stricter rules for accounting firms with “unacceptable”...
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Toronto-Dominion (TD) Bank was fined $123.5 million by the Federal Reserve Board for violations related to anti-money laundering laws. According to the Fed, TD Bank failed to conduct adequate risk ...
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The Justice Department, the Federal Trade Commission, and the Consumer Financial Protection Bureau are warning Americans about scams and fraud aimed at those recovering from hurricanes and other natur...
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Americans who have self-directed IRA accounts would be able to use their retirement savings to purchase a primary residence for themselves or an immediate family member under a new bill recently intro...
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U.S. Rep. David Valadao (R-CA) is seeking information from the Internal Revenue Service (IRS) on delays in processing Employee Retention Tax Credit (ERTC) claims. The ERTC program was created durin...
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