The U.S. Department of the Treasury appointed Rodney Hood as Acting Comptroller of the Currency, effective Feb. 10. Hood succeeds Acting Comptroller Michael Hsu, who had served in the role since May ...
Read More
The battle over the future of U.S. Steel escalated on Monday as activist investor Ancora Holdings Group LLC called for a major leadership shake-up following the collapse of the company’s proposed $1...
Read More
U.S. Sen. Joni Ernst (R-IA) introduced legislation on Feb. 10 that would require federal agencies to demonstrate that new regulations comply with existing laws, while considering the costs they put on...
Read More
A group of Republican senators, led by U.S. Sens. John Curtis (R-UT) and Kevin Cramer (R-ND), introduced legislation that seeks to prevent large banks from denying fair access to financial services to...
Read More
Legislation aimed at enhancing investment options for 403(b) retirement plans was reintroduced in the Senate this week. Put forward by U.S. Sens. Katie Britt (R-AL), Raphael Warnock (D-GA), Dr. Bi...
Read More
U.S. Reps. French Hill (R-AR) and Bryan Steil (R-WI) released a discussion draft of a bill to establish a framework for the issuance of dollar-denominated payment stablecoins in the United States. ...
Read More
Bipartisan legislation recently introduced in the U.S. Senate would help improve the processing of Internal Revenue Service (IRS). The Barcode Automation for Revenue Collection to Organize Disburse...
Read More
The Federal Reserve Board released the hypothetical scenarios that will be used for its annual bank stress test. The stress test is designed to ensure that large banks can lend to households and bu...
Read More
A resolution recently introduced in the U.S. House of Representatives expresses support for blockchain technology and digital assets. The resolution affirms that the United States should prioritize...
Read More
Legislation introduced by U.S. Sen. Mike Rounds (R-SD) would ease regulatory requirements on smaller banks and credit unions. The Taking Account of Institutions with Low Operation Risk (TAILOR) Ac...
Read More