The Financial Stability Oversight Council (FSOC) approved a new analytic framework for financial stability risks and updated guidance on its nonbank financial company determinations process. The ...
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The U.S. Commodity Futures Trading Commission (CFTC) issued a proposed rule this week that governs investments by futures commission merchants (FCMs) and derivatives clearing organizations. The new...
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Two leading organizations representing credit unions are merging to form a new association called America’s Credit Unions. America’s Credit Unions, which will officially launch on Jan. 1, 2024,...
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The Securities and Exchange Commission (SEC) adopted Regulation SE to create rules for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory fram...
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U.S. Sen. Tim Scott (R-SC) introduced a legislative proposal designed to open up capital markets and generate economic growth. The Empowering Main Street in America Act seeks to help entrepreneurs...
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The Internal Revenue Service (IRS) announced last week that it would extend some popular temporary flexibilities set to expire. The acceptance of digital signatures, the agency said, will be exten...
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The Treasury Department’s Federal Insurance Office (FIO) has begun the initial phases of the process of collecting data from insurers to assess climate-related financial risk to consumers. FIO’...
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U.S. Sen. Thom Tillis R-NC) is among a group of lawmakers urging the Consumer Financial Protection Bureau (CFPB) and the Attorney General to reconsider their joint statement on lending discrimination ...
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As part of its efforts to protect U.S. consumers, the U.S. Department of Labor announced Tuesday that it has proposed updating the definition of an investment advice fiduciary under the Employee Retir...
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U.S. Reps. French Hill (R-AR) and Byron Donalds (R-FL) introduced a bill that seeks to end the Federal Reserve’s dual mandate of promoting maximum employment and price stability so that it can focus...
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