The board of the Federal Deposit Insurance Corporation (FDIC) proposed rules this week to strengthen resolution planning for insured depository institutions (IDIs). First, the FDIC’s proposed IDI...
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U.S. house prices climbed 3 percent in the second quarter, compared to the second quarter a year ago, according to the Federal Housing Finance Agency (FHFA) House Price Index. Compared to the firs...
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The Consumer Financial Protection Bureau (CFPB) reached a settlement with the largest credit repair companies in the country for violations related to telemarketing and collecting advanced fees. S...
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The U.S. Treasury Department issued a report this week that examines the role that labor unions play in the economy. The report, conducted by the Treasury’s Office of Economic Policy, finds that ...
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The Securities and Exchange Commission (SEC) has taken action against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for overcharging thousands of investment advisory account...
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Four federal agencies will host a roundtable discussion next month on the availability of special purpose credit programs (SPCP) to meet the credit needs of eligible individuals. SPCPs are a tool per...
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The Securities and Exchange Commission (SEC) adopted amendments last week that narrow the exemption from a law that requires broker-dealers to become a member of a national securities association. Sp...
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U.S. Sen. Joni Ernst (R-IA) led a field hearing in Des Moines, Iowa, to examine the impact of federal regulations on small businesses. Ernst is the sponsor of legislation called the Prove It Act, whi...
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At its Summer National Meeting last week, the National Association of Insurance Commissioners (NAIC) adopted the Regulatory Guide to Understanding the Market for Cannabis Insurance: 2023 Update. The ...
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The Consumer Financial Protection Bureau (CFPB) fined Freedom Mortgage last week for illegally providing incentives to real estate brokers and agents in exchange for mortgage loan referrals. The C...
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