The Securities and Exchange Commission (SEC) updated its list of unregistered entities that use misleading information to solicit mainly non-U.S. investors The list, known as the Public Alert: Unre...
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The Office of the Comptroller of the Currency announced it will increase assessment rates for large banks and other institutions in 2025. Assessments fees for institutions with more than $40 billi...
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The Federal Home Loan Bank of New York, a Congressionally chartered bank serving financial institutions and housing associates, recently awarded 61 affordable housing initiatives in eight states and P...
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The Securities and Exchange Commission (SEC) filed fraud charges against a former executive at an asset management firm. The SEC charged Stephen Kenneth Leech, the former co-chief investment office...
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The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will help the agency ensure that nonbank companies offering digital funds transfer and payment wallet apps follow the sam...
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A new survey from the American Bankers Association shows a rise in the use of mobile apps for online banking. The survey, conducted by Morning Consult, said that 55 percent of bank customers use ap...
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The Securities and Exchange Commission announced it had filed 583 enforcement actions during the 2024 fiscal year, and obtained a record $8.2 billion in remedies. The commission said its actions r...
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A bipartisan resolution recently introduced in the U.S. House of Representatives recognizes the 100th anniversary of mutual funds. Massachusetts Investors Trust launched the first modern mutual fun...
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The U.S. Treasury Department announced last week, on the 30th anniversary of the establishment of the Community Development Financial Institutions (CDFI) Fund, that it is awarding $76 million in Techn...
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A coalition of financial industry trade associations are calling on the Federal Deposit Insurance Corporation (FDIC) to withdraw a proposal concerning brokered deposits. The proposed changes to th...
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