On Thursday, U.S. Sens. Elizabeth Warren (D-MA) and Bill Cassidy (R-LA) introduced legislation that would improve math error notices. The bill, Internal Revenue Service Math and Taxpayer Health (I...
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On Wednesday, two days after the national Income Tax filing deadline, U.S. Reps. Earl “Buddy” Carter (R-GA) and Andrew Clyde (R-GA) introduced legislation declaring April 16 as FairTax Day. Th...
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On Tuesday, U.S. Rep. Roger Williams (R-TX), chairman of the House Committee on Small Business, asked the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice to reco...
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On Monday, U.S Rep. Bonnie Watson Coleman (D-NJ) introduced legislation to regulate the gig worker economy. Her legislation, the Gig is Up Act, would require companies with at least $100 million i...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned KPMG Accountants N.V. and its former head of assurance, Marc Hogeboom, for violations of PCAOB rules and quality control standards. ...
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On Friday, the Securities and Exchange Commission (SEC) announced it had settled its case against five investment advisers it had charged with violating marketing rules. All five firms have agreed...
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A new report has found that every student loan servicer failed to prepare during the return to repayment following the pandemic, resulting in more than 3.9 million billing errors. The report, Serv...
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U.S. Reps. Patrick McHenry (R-NC) and Brittany Pettersen (D-CO) introduced legislation last week that is designed to deter hackers and establish guide rails for financial institutions to respond to ra...
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The U.S. Department of the Treasury proposed rule that seeks to enhance the penalty and enforcement authorities of the Committee on Foreign Investment in the United States (CFIUS). Specifically, th...
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The Federal Deposit Insurance Corporation (FDIC) issued a report this week that examines how it would manage the orderly resolution of a large, complex financial company. The report explains how th...
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