The U.S. Securities and Exchange Commission (SEC) adopted a rule last week that updates the dollar threshold for a fund to qualify as a “qualifying venture capital fund.” The rule updates the ...
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The Conference of State Bank Supervisors (CSBS) has established a new advisory group on the use of artificial intelligence (AI) in the financial services sector. The CSBS Artificial Intelligence A...
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Last year, lending for multifamily properties declined 49 percent from the previous year, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market. Sp...
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A federal judge on Aug. 20 barred the Federal Trade Commission’s (FTC’s) ban on employment noncompete agreements from taking effect Sept. 4. U.S. District Judge Ada Brown of the Northern Distri...
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The Consumer Financial Protection Bureau (CFPB) ordered Fay Servicing to pay a multi-million-dollar penalty for violations of mortgage servicing laws, as well as violations of a past enforcement order...
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Two Public Company Accounting Oversight Board (PCAOB) proposals to update audit standards regarding general responsibilities of the auditor and use of technology-assisted analysis in conducting an aud...
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The Securities and Exchange Commission settled charges against New York-based Equiniti Trust Co. for failing to assure that client securities and funds were protected against theft or misuse. Thos...
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net profit in the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage B...
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Wells Fargo & Company today said it entered into a definitive agreement to sell the non-agency third-party servicing segment of its commercial mortgage servicing business to Trimont, an Atlanta-he...
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The Securities and Exchange Commission (SEC) has charged investor Carl Icahn and his company, Icahn Enterprises (IEP), over disclosure violations. The SEC alleges that Icahn and the company failed ...
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