U.S. Sen. Mike Rounds (R-SD) introduced a bill that would amend the type of information that public companies must disclose. The bill -- Mandatory Materiality Requirement Act (S.5005) - would amen...
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A group of lawmakers recently forwarded correspondence to Treasury Secretary Janet Yellen, supporting the agency's vigorous implementation of the 15 percent corporate minimum tax (CMT). U.S. Sens. ...
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The Federal Reserve Board has outlined the initial steps of a pilot climate scenario analysis exercise involving six of the nation's largest banks. Bank of America, Citigroup, Goldman Sachs, JPMorg...
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The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing a beneficial ownership information reporting requirement. The rule, pursuant to the Corporate Tr...
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A new survey released by the Conference of State Bank Supervisors (CSBS) shows how current economic conditions are being felt by community banks. The survey, which polled 500 community banks acros...
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The Consumer Financial Protection Bureau (CFPB) has hit Regions Bank with a penalty for charging customers illegal surprise overdraft fees. The CFPB ordered Regions Bank to pay $50 million to the C...
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Republicans on the House Financial Services Committee, led by ranking member Rep. Patrick McHenry (R-NC), released their capital formation agenda. The agenda seeks to strengthen public markets, he...
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U.S. Sens. Deb Fischer (R-NE) and Mark Warner (D-VA) introduced legislation this week to help Americans protect their savings from changes in inflation by increasing the public’s ability to utilize ...
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A group of organizations recently forwarded correspondence to lawmakers to express opposition to the Credit Card Competition Act of 2022 (H. 8874). The American Bankers Association, Bank Policy Ins...
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Amid a New York State Department of Labor investigation determining insurance fraud accounted for more than $11 million in benefits payments in August, state officials are outlining suppression effort...
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