According to the Merchants Payments Coalition, rising swipe fees charged by banks to merchants could cost consumers nearly $578 million this Valentine’s Day. Swipe fees are the fees banks charge...
Read More
Commercial and multifamily mortgage loan originations were down 25 percent in the fourth quarter of 2023 compared to the same quarter a year ago, according to the Mortgage Bankers Association’s (MBA...
Read More
Sixteen firms, ranging from broker dealers to investment advisors, pay more than $81 million in penalties to settle charges from the Securities and Exchange Commission (SEC) over widespread and longst...
Read More
U.S. Reps. Guy Reschenthaler (R-PA) and Dina Titus (D-NV) expressed their support for a recent recommendation made by the Internal Revenue Service Advisory Council (IRSAC) on reporting slot machine wi...
Read More
The Consumer Financial Protection Bureau (CFPB) resolved an appeal in an enforcement suit against a foreclosure relief scam operation. The resolution of the case resulted in $12 million in consumer...
Read More
On Thursday, U.S. Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR) released a framework of legislation that would improve the country’s unemployment system. Wyden, chair of the Senate Finance Commit...
Read More
The Securities and Exchange Commission (SEC) adopted amendments to Form PF last week. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, inc...
Read More
U.S. Sen. Elizabeth Warren (D-MA) and U.S. Rep. Sean Casten (D-IL) are urging BAE Systems not to engage in stock buybacks during the time it is using funds from a Department of Commerce grant. BAE ...
Read More
The federal bank regulatory agencies issued a request for comment this week on ideas to reduce the regulatory burden. This request is in line with the Economic Growth and Regulatory Paperwork Redu...
Read More
On Tuesday, the Securities and Exchange Commission said two new adopted rules will adjust the definition of the term “dealer” to ensure more market participants are covered by federal securities l...
Read More