The Consumer Financial Protection Bureau (CFPB), working with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against an Upstate New York debt c...
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The U.S. Securities and Exchange Commission (SEC) recently detailed charges against Wells Fargo Advisors, alleging the company failed to timely file at least 34 Suspicious Activity Reports (SARs). ...
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U.S. Sen. Tommy Tuberville (R-AL) introduced legislation that would prohibit the U.S. Department of Labor (DOL) from issuing a regulation or guidance that limits the type of investments in a 401(k) pl...
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The U.S. Department of the Treasury awarded the first batch of funding awards for the State Small Business Credit Initiative (SSBCI), a program designed to increase access to capital for traditionally...
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The Senate Committee on Small Business & Entrepreneurship has advanced four bills to aid small businesses with broadband access, bolstering cybersecurity and federal regulation compliance. The comm...
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House of Representatives Financial Services Committee advanced eight bills, including legislation seeking to expand financial services access. The Expanding Financial Access for Underserved Commun...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, launched an investigation into the tax practices of medical company Abbott following the closure of its baby formula plant. Specif...
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The House Financial Services Committee advanced legislation this week seeking to strengthen cybersecurity efforts of the financial services industry. The Strengthening Cybersecurity for the Financ...
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The Securities and Exchange Commission (SEC) charged Allianz Global Investors U.S. (AGI US) and three former senior portfolio managers with a fraudulent options trading scheme. The SEC said the com...
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The Federal Deposit Insurance Corporation (FDIC) recently approved a final rule regarding statutory authority prohibiting misrepresentations about FDIC deposit insurance or misusing the FDIC’s name ...
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