On Thursday, U.S. Sens. Sherrod Brown (D-OH), Jack Reed (D-RI), and Elizabeth Warren (D-MA) asked instant payment platform Zelle to clarify what its policies are when it comes to protecting consumers ...
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The Financial Industry Regulatory Authority (FINRA) FINRA has fined Morgan Stanley Smith Barney for its repeated failures to timely close out failed inter-dealer municipal securities transactions. ...
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U.S. Rep. Roger Williams (R-TX) has reached out to the head of the Environmental Protection Agency (EPA) about five proposed rules that he says could harm businesses, including small businesses. Th...
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The Securities and Exchange Commission (SEC) proposed a rule this week that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund.” Specifically, the rul...
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new rule to keep criminals and foreign adversaries from exploiting the U.S. financial system through in...
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On Tuesday, two U.S. senators asked the Government Accountability Office (GAO) to look into the Veterans’ small business lending programs. U.S. Sens. Jeanne Shaheen (D-NH), the chair of the U.S....
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The U.S. Treasury Department and the Internal Revenue Service, in partnership with the Department of Energy (DOE), will stop accepting new applications for the 2023 program year for the Low-Income Com...
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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...
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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...
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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...
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