The Financial Industry Regulatory Authority (FINRA) announced it has fined two of its member firms for more than $1 million for anti-money laundering and supervisory violations related to low-priced s...
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A major housing bill passed in the U.S. House of Representatives this week. The 21st Century ROAD to Housing Act (H.R. 6644) was approved by the House by a vote of 396-13. The House resolution amen...
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The U.S. House of Representatives unanimously passed legislation on Wednesday that would provide local banks with additional flexibility regarding reciprocal deposits. The Keeping Deposits Local Ac...
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Forager Capital Management LLC, the largest shareholder of Atlanta-based Repay Holdings Corp., is publicly pressuring the fintech company’s board after directors declined to engage on its $4.80-per-...
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The Financial Industry Regulatory Authority (FINRA) is conducting a review of firm practices related to higher-risk structured products The review will examine how firms supervise concentrations in...
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The Securities and Exchange Commission (SEC) has proposed amendments governing registered offerings that increase efficiency, flexibility, and cost savings for public companies. In addition, the co...
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Legislation guaranteeing taxpayers can have their day in court if they dispute the Internal Revenue Service, passed the House this week. The legislation, the Taxpayer Due Process Enhancement Act, i...
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The Securities and Exchange Commission (SEC) rescinded a policy this week related to the denial of settlements in enforcement actions. Specifically, the SEC rescinded a policy that stated that when...
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The Office of the Comptroller of the Currency (OCC) has launched several reforms to reduce the supervisory and regulatory burdens for community banks. The OCC has also taken actions to reaffirm its...
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Commodity Futures Trading Commission (CFTC) Chairman Michael Selig recently announced that DJ Hennes will serve as Market Participants Division director. “I am pleased to welcome DJ to the CFTC,...
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