A Consumer Financial Protection Bureau (CFPB) report determined consumers residing in Black and Hispanic neighborhoods as well as younger consumers and those with low credit scores more commonly repor...
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U.S. Rep. Carolyn B. Maloney (D-NY) recently re-introduced legislation offering protection to businesses amid future pandemics or public health emergencies. The Pandemic Risk Insurance Act of 2021 ...
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U.S. Rep. Tom Emmer (R-MN) said his re-introduction of the Main Street Growth Act (H.R. 5795) serves to boost the capital market structure while also creating jobs. Emmer also noted the measure wou...
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A new report released by the President’s Working Group on Financial Markets (PWG), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) examines the ...
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An official from the Consumer Bankers Association (CBA) testified last week before the District of Columbia City Council Committee on Business and Economic Development in opposition to a proposal that...
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The Consumer Financial Protection Bureau (CFPB) recently announced a new Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement. Lorelei Salas...
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U.S. Sen. Jeff Merkley (D-OR) and Rep. Jared Huffman (D-CA) introduced last week legislation to address international financial institutions financing fossil fuel projects, which the legislators maint...
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The Fixed Income Clearing Corporation (FICC) has agreed to pay an $8 million penalty to settle charges filed by the Securities and Exchange Commission (SEC) that it failed to have adequate risk manage...
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Sen. Pat Toomey (R-PA) has introduced a bill that seeks to preserve commission-free trading by prohibiting the Securities and Exchange Commission (SEC) from banning payment for order flow. The Inve...
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U.S. Sen. Bill Hagerty (R-TN) is urging Rohit Chopra, director of the Consumer Financial Protection Bureau, not to stifle innovation in the cryptocurrency space. “Digital ledger technology offer...
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