CUNA, NAFCU address proposed merger
Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) officials have notified members of the proposed intent to merge into a single entity. CU...
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IRS outlines paperless processing initiative
The Internal Revenue Service (IRS) said taxpayers will have the option to go paperless for agency correspondence by 2024 Filing Season. Additionally, the agency noted it endeavors to achieve tax re...
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Legislators advocate for guidance of cryptocurrency broker tax reporting
U.S. Sens. Elizabeth Warren (D-MA), Bob Casey (D-PA), Richard Blumenthal (D-CT), and Bernie Sanders (I-VT) are encouraging the Department of the Treasury (Treasury) and the Internal Revenue Service (I...
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CFPB details federal lawsuit against auto loan servicer USASF Servicing
The Consumer Financial Protection Bureau (CFPB) has detailed a federal lawsuit against auto-loan servicer USASF Servicing (USASF), alleging it implemented illegal practices that harmed individuals wit...
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Reps. Estes, Miller inquire about Organization for Economic Co-operation and Development’s economic impact
U.S. Reps. Ron Estes (R-KS) and Carol Miller (R-WV) have joined House Ways and Means Committee members to examine the Organization for Economic Co-operation and Development (OECD) tax deal's economic ...
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Lawmakers eye Fannie Mae, Freddie Mac tenant rights protection
A group of lawmakers are urging the Federal Housing Finance Agency (FHFA) to ensure tenants’ rights protections in multifamily properties financed by Fannie Mae and Freddie Mac. U.S. Sherrod Brow...
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CFTC details market spoofing charge against UK-based trader
The Commodity Futures Trading Commission (CFTC) has detailed an order simultaneously filing and settling charges against UK-based trader allegedly engaging in instances of oil futures market spoofing....
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SEC outlines unregistered crypto asset securities charges
The Securities and Exchange Commission (SEC) has detailed charges against an individual and three unincorporated entities for allegedly conducting unregistered offerings of crypto asset securities. ...
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Intercontinental Exchange details relaunch of Risk Matching Auction
Data, technology and market infrastructure provider Intercontinental Exchange has detailed the relaunch of its Risk Matching Auction (RMA) protocol. RMA, initially launched in 2015, is an enhanced ...
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Legislation seeks eased employee-ownership process
U.S. Sens. Todd Young (R-IN), Ben Cardin (D-MD), and Steve Daines (R-MT) have joined 18 colleagues to reintroduce legislation that makes it easier for companies to establish or expand employee-ownersh...
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