The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed a rule designed to address significant tax avoidance by some of the largest U.S. corporations. The proposed rule woul...
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The Consumer Financial Protection Bureau (CFPB) filed an order against the student loan servicing company Navient for alleged violations. If entered by the court, the proposed order would permanen...
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New polling data from the Independent Community Bankers of America (ICBA) probed Americans for their views on credit unions. The poll, conducted with Morning Consult, found that 69 percent of those...
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A group of U.S. senators, led by Sen. Sherrod Brown (D-OH), are urging the Federal Reserve to finalize a proposed rule expanding the Fed’s settlement services’ operating hours to weekends and holi...
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New legislation unveiled on Capitol Hill would require federal financial regulatory agencies to improve their consultation with Congress and the public regarding their engagement with international or...
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The House Small Business Committee passed legislation that requires federal agencies to analyze and limit the impact of their regulatory action for small businesses. Specifically, the Prove It Act...
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SIFMA put out a white paper this week on artificial intelligence (AI) that probes the use of AI within the financial services industry. The paper, titled “Promoting Investor Success, Industry Inn...
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The Section 199A tax deduction for small and family-owned businesses supports 1.1 million jobs directly, 590,000 jobs through increased employee compensation, and another 853,000 jobs from related con...
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The Securities and Exchange Commission (SEC) approved a new quality control standard for the Public Company Accounting Oversight Board’s (PCAOB). The new standard -- QC 1000, A Firm’s System o...
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The North American Securities Administrators Association (NASAA) issued its annual report on the state-registered investment adviser industry. NASAA’s Investment Adviser Section Annual Report exa...
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