The U.S. Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Fall 2022, highlighting some key issues facing the federal banking system. While economic growt...
Read More
Public Company Accounting Oversight Board (PCAOB) officials have detailed seven settled disciplinary orders sanctioning the tax and advisory firm KPMG and individuals for a series of alleged violation...
Read More
U.S. Sens. Sherrod Brown (D-OH), Bob Casey (D-PA), and Chris Van Hollen (D-MD) introduced a bill in the Senate that would require companies that own an industrial loan company (ILC) to be subject to t...
Read More
The Congress Joint Economic Committee (JEC) recently released a report touting the benefits of automatic child trust accounts or Baby Bonds, noting the resource offers economic opportunities and socia...
Read More
The Consumer Financial Protection Bureau (CFPB) has determined active duty Reserve and National Guard members are not always receiving interest rate reductions through the Servicemembers Civil Relief ...
Read More
U.S. Sens. Alex Padilla (D-CA) and Kevin Cramer (R-ND) introduced legislation that would allow credit unions to purchase central liquidity facility (CLF) capital stock for a specific subset of members...
Read More
U.S. Reps. Bill Huizenga (R-MI) and Andy Barr (R-KY) introduced a bill that would require the Securities and Exchange Commission (SEC) to alter how it issues disclosures. Specifically, the Mandator...
Read More
The Federal Reserve Board is inviting public comment on a proposed framework for managing climate-related financial risks for large banking organizations. The proposed principles, which apply to on...
Read More
The House of Representatives Select Subcommittee on the Coronavirus Crisis has released a report critical of some financial technology companies (fintechs) in administering the Paycheck Protection Pro...
Read More
U.S. Sens. Mazie Hirono (D-HI) and Ben Cardin (D-MD) introduced legislation this week that aims to reauthorize and improve the U.S. Small Business Administration’s (SBA) Small Business Development C...
Read More